Dallas, TX: ReportsandReports announce it will carry Fram, Norway, Commercial Asset Valuation and Forecast to 2017 Market Research Report in its Store.
The Fram is an offshore field. It is located about 20km north of the Troll field in North Sea. It is about 120km away from the coast of Norway in North Sea. Fram field produces oil, natural gas and NGL. The field is at a depth of approximately 350m. The total area of the field is 207 sq km. The Fram field comprises Fram Vest (west) and Fram Øst (east). The Fram Vest and Fram Øst are tied back to the Troll C platform. The Fram field lies in the block 35/11. The production license no. of the field is 090.
Fram is operated by Statoil Petroleum AS. The other equity partners of the field are Idemitsu Petroleum Norge AS, ExxonMobil Exploration & Production Norway AS, and GDF Suez P Norge AS.
The Fram field was awarded in 1984 and discovered in 1992. The oil produced from the field belongs to the Brent group. The API of the field is 38.3 degrees and has 0.04% sulfur content. The total estimated recoverable reserves of the field are 161 million barrels of oil, 300 Bcf of natural gas and 3.60 million barrels of NGL. Fram Vest started the production on October 2, 2003. Fram Øst started the production on October 30, 2006.The overall capacity of the field is 1,100,000 barrels per day. The oil peak of the field was in 2009. The peak of NGL produced from the field is estimated to be in 2011 while there is no peak for natural gas. The field produced about 21,264 thousand barrels of oil, 14,947.04 MMcf of gas and 307,530 barrels of NGL in 2009.
The field life of Fram is expected to be around 15 years with complete abandonment during 2017. The field is expected to generate $6.82 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 14.56%.
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 Fram, Norway, Introduction 5
3 Fram, Norway, Geology and Formations 6
4 Fram, Norway, Equity Partners 7
5 Fram, Norway, Reserves 8
6 Fram, Norway, Key Fiscal Terms 8
6.1 Royalty 8
6.2 Fees 8
6.3 Special Petroleum Tax 8
6.4 Taxation 8
6.5 Carbon Dioxide Tax 9
6.6 Deductions and Depreciation 9
7 Fram, Norway, Field Infrastructure 9
7.1 Upstream Infrastructure 9`
7.2 Midstream Infrastructure 10
8 Fram, Norway, Field Development Plan 11
9 Fram, Norway, Natural Gas and Crude Oil Production 11
10 Fram, Norway, Field Economics 13
10.1 Fram, Economic Assumptions 13
10.1.1 Forecast Commodity Prices 13
10.1.2 Inflation 14
10.1.3 Discount Rate and Representation of Cash Flows 14
10.1.4 Sensitivity 14
10.1.5 Access to the Economic Model 14
10.2 Fram, Norway, Cash Flow Analysis 15
10.3 Fram, Norway, Remaining PV Sensitivity Analysis. 16
10.3.1 Remaining NPV Sensitivity to Discount Rates 16
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 17
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 18
11 Fram, Norway, Summary Cash Flows 19
11.1 Fram, Norway, Front End Load Due To Fiscal Policy 20
11.2 Fram, Norway, Tax Liability 21
12 Appendix 22
12.1 Methodology 22
12.2 Coverage 22
12.3 Secondary Research 22
12.4 Primary Research 22
12.5 E&P Forecasts 23
12.6 Capital Costs 23
12.7 Exploration and Appraisal (E&A) Costs 23
12.8 Operating Costs 23
12.9 Expert Panel Validation 24
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Fram, Norway, Key Asset Data, 2010 5
Table 2: Fram, Norway, Reserves Classifications, January 2010 8
Table 3: Fram, Norway, Historic and Forecast Production, 2003-2017 13
Table 4: Fram, Norway, Commodity Price Assumptions, 2010-2017 13
Table 5: Fram, Norway, Commodity Price Assumptions, 2010-2017 14
Table 6: Fram, Norway, Project Analysis Metrics, 2010 15
Table 7: Fram, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, m $ 16
Table 8: Fram, Norway, Remaining PV Sensitivity Analysis Over Commodity Price Change Vs. Production Change, m $ 17
Table 9: Fram, Norway,  Remaining PV Sensitivity Analysis Over Production Rates Change Vs. Changes in Special Petroleum Tax Rates, m $ 18
Table 10: Fram, Norway, Asset Summary Cash Flows, Thousand USD, 1996-2017 19
Table 11: Fram, Norway, Front End Load, Thousand USD, 1996-2017 20
Table 12: Fram, Norway, Tax Liability Estimations, Thousand USD, 1996-2017 21
1.2 List of Figures
Figure 1: Fram, Norway, Location Map 6
Figure 2: Fram, Norway, Current Equity Details, 2010 7
Figure 3: Fram, Norway, Fram Subsea Template 10
Figure 4:  Fram, Norway, Midstream Pipeline Flow 10
Figure 5: Fram, Norway, Crude Oil Historic Production and Forecast, 2003-2017 11
Figure 6: Fram, Norway, Natural Gas Historic Production and Forecast, 2007-2017 12
Figure 7: Fram, Norway, NGL Historic Production and Forecast, 2007-2017 12
Figure 8: Fram, Norway, Gross Revenue Versus Tax Cash Flow Analysis 15
Figure 9: Fram, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change 16
Figure 10: Fram, Norway, Remaining PV Sensitivity Analysis Over Commodity Price Change Vs. Production Change 17
Figure 11: Fram, Norway, Remaining PV Sensitivity Analysis Over Production Rate Change Vs. Changes in Special Petroleum Tax Rate, m $ 18
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