Dallas, TX: ReportsandReports announce it will carry Edop, Nigeria, Commercial Asset Valuation and Forecast to 2025 now available on ReportsandReports Market Research Report in its Store.
Browse complete Edop, Nigeria, Commercial Asset Valuation and Forecast to 2025 Report


Edop is an offshore field in the deep waters of Niger Delta in Gulf of Guinea region. The field is located at a depth of 9,215 feet/2,808m. The field was discovered in the year 1981 by Exxon Mobil Corporation.Mobil Corporation, a subsidiary of Exxon Mobil Corporation in Nigeria has been the operator of Edop since 1981. As per the Nigerian fiscal regime, the operator entered into a joint venture with Nigerian National Petroleum Corporation. Hence the stake of Mobil Corporation is 40% and that of NNPC is 60%.
The field reservoir contains sweet (low sulphur about 0.1%) crude oil with an average specific gravity of around 37.4° API (American Petroleum Institute). Edop produced 12.4 million barrels of crude oil during 2009. The cumulative production to 2009 is 585.3 million barrels of oil. Peak production from the field was 60.2 million barrels of oil in 1995.The field life of Edop is expected to be 39 years, with production ending in 2025. The field is expected to generate $13 billion in revenues (undiscounted) during its remaining life (starting from January 1, 2010) and is expected to yield an IRR of around 22.91%.
Scope
  • The report provides detailed information on oil and gas production, infrastructure, reserves, geology, operator and equity partners and the latest fiscal terms applicable to the asset and provides its fair value (Remaining Net Present Value) based on remaining reserves, forecast production, capital and operational costs, fiscal regime and commodity prices.
  • The report also provides additional valuation parameters like Internal Rate of Return (IRR), Profitability Index (PI), Pay Back (discounted and undiscounted), Entitlement Production (EP) and Working Interest (WI) to enhance your decision making process.
  • This report provides detailed sensitivity analysis of the remaining NPV with changes in the commodity prices, discount rate, production and key fiscal terms.
  • Detailed cash flows over the life of the asset are included in the report. These cash flows cover a wide range of calculations related to various payments to the government/licensing authority.
  • Interactive Excel models can be used to derive custom valuations, sensitivities and cash flows based on the specific inputs by the user in the model. These custom inputs vary from production data, cost information, price information and fiscal terms information.
Reasons to buy
  • Make well informed investment decisions based on detailed operational analysis and cash flow forecasts
  • Estimate the fair value of your future investment under different economic and fiscal conditions
  • Value a prospective investment target through a comprehensive analysis using focused forecasting and valuation methodologies.
  • Supporting interactive excel model will enhance your decision making capability in a more rapid and time sensitive manner
  • Evaluate how the changes in the country’s fiscal policies impact the cash flows and the present value of the asset.
Table of contents
1.1 List of Tables 4
1.2 List of Figures 4
2 Executive Summary 5
3 Edop, Nigeria, Introduction 7
4 Edop, Nigeria, Geology and Formation
5 Edop, Nigeria, Equity Partners 10
6 Edop, Nigeria, Crude Oil and Gas Reserves 10
7 Edop, Nigeria, Key Fiscal Terms 117.1 Contract Type 11
7.2 Royalty 11
7.3 Fees 12
7.4 Petroleum Profit Tax 12
7.5 Deductions and Depreciation 12
7.6 Petroleum Investment Allowance 12
7.7 Withholding Tax 13
7.8 Ring Fence 13
8 Edop, Nigeria, Infrastructure, Development Plan, Investment and Expenditure 14
9 Edop, Nigeria, Crude Oil Production 15


10 Edop, Nigeria, Economics 17
10.1 Edop, Economic Assumptions 17
10.1.1 Forecast Commodity Prices 17
10.1.2 Inflation 17
10.1.3 Discount Rate and Representation of Cash Flows 17
10.1.4 Sensitivity 17
10.1.5 Access to the Economic Model 17
11 Edop, Nigeria, Cash Flow Analysis 18
11.1 Edop, Nigeria, Remaining PV Sensitivity Analysis 20
11.1.1 Remaining NPV Sensitivity to Discount Rates 20
11.1.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 21
11.1.3 Remaining NPV Sensitivity to Income Tax and Production Rate 22
11.2 Edop, Nigeria, Summary Cash Flows 23
11.3 Edop, Nigeria, Front End Load Estimations 25
11.4 Edop, Nigeria, Tax Liability 26
12 Appendix 2812.1 Methodology 28
12.2 Coverage 28
12.3 Secondary Research 28
12.4 Primary Research 29
12.5 E&P Forecasts 29
12.6 Capital Costs 30
12.7 Exploration and Appraisal (E&A) Costs 30
12.8 Operating Costs 30
12.9 Expert Panel Validation 30
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Edop, Nigeria, Key Valuation Metrics, 2010 7
Table 2: Edop, Nigeria, Key Equity Partners,2010 7
Table 3: Edop, Nigeria, Key Asset Data, 2010 8
Table 4: Edop, Nigeria, Crude Oil Reserves, 2010 11
Table 5: Nigeria, Crude Oil and Natural Gas, Offshore Royalty Rate for Joint Venture Contracts, 2009 12
Table 6: Nigeria, Crude Oil and Natural Gas, Petroleum Investment Allowances, 2009 13
Table 7: Edop, Nigeria, Crude oil, Historic and Forecast Production, 1987-2025 17
Table 8: Edop, Nigeria, Commodity Price Assumptions, 1997-2020 18
Table 9: Edop, Nigeria, Project Analysis Metrics, 2010 19
Table 10: Edop, Nigeria, Remaining PV Sensitivity Analysis Over Discount Rate  Change Vs. Commodity Price Change, in $m,2010 21
Table 11: Edop, Nigeria,  Remaining PV Sensitivity Analysis Over Commodity Price  Change Vs. Production Change, $m, 2010 22
Table 12: Edop, Nigeria Remaining PV Sensitivity Analysis at 10% Discount Rate over Income Tax Change Vs Production Rate, in, $m 2010 23
Table 13: Edop, Nigeria, Asset Summary Cash Flows, Thousand $, 1985-2025 24
Table 14: Edop, Nigeria, Front End Load, Thousand $, 1987-2025 26
Table 15: Edop, Nigeria, Tax Liability Estimations, Thousand $, 1990-2025 27
1.2 List of Figures
Figure 1: Edop, Nigeria, Historic and Forecast Production, 2010 6
Figure 2: Edop, Nigeria, Gross Revenue Split, %, 2010 6
Figure 3: Edop, Nigeria, NPV Sensitivity, 2010 7
Figure 4: Edop, Nigeria, Location, 2010 9
Figure 5: Edop, Nigeria, Cross section of Reservoir,2010 10
Figure 6: Edop, Nigeria, Current Equity Details, 2010 11
Figure 7: Edop, Nigeria, Historic Production and Forecast, Oil Production, Thousand Barrels, 1987-2025 16
Figure 8: Edop, Nigeria, Gross Revenue versus Post Tax Cash Flows, $m,1995-2020 19
Figure 9: Edop, Nigeria, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in $m, 2010 21
Figure 10: Edop, Nigeria, Remaining PV Sensitivity Analysis Over  Commodity Price  Change Vs. Production Change,2010 22
Figure 11: Edop, Nigeria, Remaining PV Sensitivity Analysis Over Income Tax Change Vs. Production  Rate, in $m, 2010 23
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