Forties, United Kingdom, Commercial Asset Valuation And Forecast To 2025 Now Available On ReportsandReports

Dallas, TX: ReportsandReports announce it will carry Forties, United Kingdom, Commercial Asset Valuation and Forecast to 2025 Market Research Report in its Store.
The giant Forties field is situated on UK Block 21/10, which is in the northern part of the British sector of the North Sea. It lies at water depth of 106m and is 180 km from Aberdeen city. It was discovered in 1970. Forties was just the second oil field to be discovered in the UK North Sea.
Forties oil field is jointly owned by Apache North Sea Limited, Esso Exploration & Production UK Limited and Shell UK Limited. Apache North Sea Limited is the operator of the field with 97.14% interest. The field was initially owned by BP. But in 2003, it was acquired by Apache North Sea Limited at a price of $683 million. For Apache it costed $1.3 billion after including the Malaysian Government’s take.
Forties produces single product crude oil. It is a high quality product with API of 37 ° and is sweet due to low sulfur content. Apache North Sea Limited estimated the recoverable reserves of the field to be 2.82 billion barrels.
It has produced 2.63 billion barrels of crude oil till 2009, with around 23 million barrels being produced in the year 2009. Because of the redevelopment plans of Apache North Sea Limited the field is estimated to produce till 2025.
The peak production was around 184 million barrels in 1979, when the field supplied 25% of the UK’s oil demand.
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 3
1.2 List of Figures 3
2 Forties, United Kingdom, Introduction 4
3 Forties, United Kingdom, Geology and Formations 6
4 Forties, United Kingdom, Equity Partners 8
5 Forties, United Kingdom, Crude Oil Reserves 9
6 Forties, United Kingdom, Key Fiscal Terms 9

6.1 Royalty 9
6.2 Bonuses 9
6.3 Rentals 9
6.4 Fees 9
6.5 Taxation 9
6.6 Petroleum Revenue Tax (PRT) 9
6.7 Deductions 10
6.8 Capital Allowance 10
6.9 Withholding Tax 11
6.10 Ring Fence 11
7 Forties, United Kingdom, Infrastructure 12
7.1 Upstream Infrastructure 12
7.2 Midstream Infrastructure 12
8 Forties, United Kingdom, Development Plan 13
9 Forties, United Kingdom, Crude Oil Production 14
10 Forties, United Kingdom, Field Economics 17

10.1 Forties, 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
10.2 Forties, United Kingdom, Cash Flow Analysis 18
10.3 Forties, United Kingdom, Remaining PV Sensitivity Analysis 19
10.3.1 Remaining NPV Sensitivity to Discount Rates 19
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 20
10.3.3 Remaining NPV Sensitivity to Petroleum Revenue Tax and Production Rate 21
11 Forties, United Kingdom, Summary Cash Flows 22
11.1 Forties, United Kingdom, Front End Load Due To Fiscal Policy 23
11.2 Forties, United Kingdom, Tax Liability 24
12 Appendix 25
12.1 Methodology 25
12.2 Coverage 25
12.3 Secondary Research 25
12.4 Primary Research 25
12.5 E&P Forecasts 26
12.6 Capital Costs 26
12.7 Exploration and Appraisal (E&A) Costs 26
12.8 Operating Costs 26
12.9 Expert Panel Validation 27
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Forties, United Kingdom, Key Asset Data, 2010 5
Table 2: Forties, United Kingdom, Field Reserves, January 2010 10
Table 3: Forties, United Kingdom, Crude Oil Historic and Forecast Production, Thousand Barrels, 1975-2025 16
Table 4: Forties, United Kingdom, Commodity Price Assumptions, 2010-2025 18
Table 5: Forties, United Kingdom, Project Analysis Metrics, 2010 19
Table 6: Forties, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars 20
Table 7: Forties, United Kingdom, Remaining PV Sensitivity Analysis over Commodity Price Change Vs Production Rate, in Million Dollars 21
Table 8: Forties, United Kingdom, Remaining PV Sensitivity Analysis at 10% Discount Rate over Petroleum Revenue Tax Change Vs Production Rate, in Million Dollars 22
Table 9: Forties, United Kingdom, Asset Summary Cash Flows, Thousand USD, 1971-2025 23
Table 10: Forties, United Kingdom, Front End Load, Thousand USD, 1971-2025 24
Table 11: Forties, United Kingdom, Tax Liability Estimations, Thousands USD, 1971-2025 25
1.2 List of Figures
Figure 1: Forties, United Kingdom, Location Map 6
Figure 2: Forties, United Kingdom, Geology Formations 8
Figure 3: Forties, United Kingdom, Current Equity Details, 2010 9
Figure 4: Forties, United Kingdom, Infrastructure Block Diagram 13
Figure 5: Forties, United Kingdom, Crude Oil Historic Production and Forecast, 1975-2025 15
Figure 6: Forties, United Kingdom,  Gross Revenue Versus Tax Cash Flow Analysis, 1975-2025 19
Figure 7: Forties, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars 20
Figure 8: Forties, United Kingdom, Remaining PV Sensitivity Analysis over Change in Production Vs. Commodity Price Change, in Million Dollars 21
Figure 9: Forties, United Kingdom, Remaining PV Sensitivity Analysis Over Income Tax Change Vs. Production Rate, in Million Dollars 22
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