Showing posts with label United Kingdom. Show all posts
Showing posts with label United Kingdom. Show all posts

Browse the complete Report on: United Kingdom Oil and Gas Report Q3 2010
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The latest UK Oil & Gas Report from BMI forecasts that the country will account for 12.44% of Developed Europe regional oil demand by 2014, while contributing 26.54% to supply. In Developed Europe, overall oil consumption was an estimated 13.28mn barrels per day (b/d) in 2009. It is set to recover to around 13.44mn b/d by 2014. Developed Europe regional oil production was 6.96mn b/d in 2001, and in 2009 averaged an estimated 4.73mn b/d. It is set to fall to just 3.71mn b/d by 2014. Oil imports are growing steadily because supply is contracting and demand is rising, albeit slowly. In 2009, net crude imports were an estimated 9.18mn b/d. By 2014, they are expected to have reached 9.73mn b/d. Norway will remain the only major net exporter, with the UK a net importer.
As regards natural gas, the Developed Europe region in 2009 consumed an estimated 426bn cubic metres (bcm), with demand of 473bcm targeted for 2014, representing 9.6% growth. Production of an estimated 265bcm in 2009 is set to fall to 263bcm in 2014, which implies net imports rising from the estimated 2009 level of 161bcm to some 210bcm by the end of the period. The UK’s share of gas consumption in 2009 was an estimated 21.59%, while it contributed 25.68% to production. By 2014, its share of gas consumption is forecast to be 20.28%, with production accounting for 21.67% of the regional market. We are sticking with our forecast that the OPEC basket of crudes will average US$83.00/bbl in 2010. Wide variations in crude differentials so far in 2010 make forecasting tricky for Brent, West Texas Intermediate (WTI) and Urals, but we believe the three benchmarks will average around US$85.11, US$88.22 and US$83.62/bbl respectively, with Dubai coming in at US$83.14. By 2011, there should be further growth in oil consumption and more room for OPEC to regain market share and reduce surplus capacity through higher production quotas. We are assuming a further increase in the OPEC basket price to an average of US$85.00/bbl. For 2012 and beyond, we continue to use a central case forecast of US$90.00/bbl for the OPEC basket.
For 2010, the BMI assumption for premium unleaded gasoline is an average global price of US$96.83/bbl. The year-on-year (y-o-y) rise in 2010 gasoline prices is put at 38%. Gasoil in 2010 is expected to average US$92.45/bbl, with the full-year outturn representing a 37% increase from the 2009 level. For jet fuel in 2010, the annual level is forecast to be US$95.58/bbl. This compares with US$70.66/bbl in 2009. The 2010 average naphtha price is put by BMI at US$82.46/bbl, up 39% from the previous year’s level.
UK real GDP is assumed by BMI to have fallen by 4.7% in 2009, followed by forecast growth of 1.0% in 2010. We are assuming 2.7% average annual growth in 2010-2014. We are currently forecasting 1.38mn b/d of oil output in 2010. By 2014, UK oil production is unlikely to be below 0.99mn b/d. Oil consumption is expected to have reached 1.67mn b/d by 2014, providing a net crude import requirement of at least 687,000b/d.
Between 2010 and 2019, we are forecasting a decrease in UK oil production of 40.4%, with output slipping steadily from an estimated 1.38mn b/d in 2010 to 0.82mn b/d at the end of the 10-year forecast period. Given that oil consumption is forecast to decrease by 2.1%, imports should rise from an estimated 0.29mn b/d to 0.81mn b/d during the forecast period. Gas production should fall from the estimated 2010 level of 66bcm to 45bcm in 2019. Demand is forecast to rise from an estimated 92bcm to 100bcm, requiring imports reaching 55bcm, largely in the form of pipeline gas, with some liquefied natural gas (LNG). Details of BMI’s 10-year forecasts can be found in the appendix to this report.
According to BMI’s country risk team, the UK’s long-term political risk score is 92.5, compared with the Developed Markets average of 86.7 and the global average of 63.7. Our long-term economic rating for the country is 67.9, above the Developed Markets average of 67.0 and above the global average of 53.7. The UK has a privatised energy sector operating under EU guidelines. There is a major, but mature and highly competitive, upstream oil and gas segment, featuring most key national and international companies. The downstream oil segment is also competitive and deregulated. International and domestic operators control gas distribution and supply, as well as electricity generation and distribution.

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Original Source : – Oil and Gas Market
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Browse the complete Report onUnited Kingdom Information Technology Report Q3 2010
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Market Overview
The UK IT market is the largest in Europe and, despite continued economic uncertainties, is forecast to grow at a compound annual growth rate (CAGR) of 5% over the 2010-2014 period. The addressable domestic market for IT products and services is projected by BMI to reach US$80.2bn in 2010 and US$101.2bn by 2014.
Our overall outlook for UK IT spending in 2010 is one of cautious recovery. The market contracted by around 6% in 2009 due to the economic crisis, which hit business spending and the financial services vertical in particular. In our core IT forecast scenario, IT market growth will be around 4% in 2010. Surveys of UK businesses conducted in early 2010 showed a trend of improved business sentiment and there were also signs of local computer shipments trending up. Government spending remained a bright spot in 2009, but following the UK general election in May, the rate of growth is likely to decelerate sharply due to severe fiscal constraints.
Industry Developments
Uncertainty surrounded the future trend of UK IT spending in 2010 after the general election, which resulted in the formation of a coalition government between the Conservative and Liberal Democrat parties. With the policies of the new coalition administration still unclear at time of writing, UK public sector IT spending seemed likely to decline, due to a climate of fiscal austerity. As a result of stalled decision-making ahead of the election in May, the value of UK public sector IT tenders in Q110 was only one-quarter of the level in the equivalent period of 2009.
Among areas for cuts will be the massive National IT Programme for Health, which has been criticised by opposition parties. Originally expected to cost GBP2.3bn over three years, estimates have put the final cost as high as GBP20bn, indicating a cost overrun of 440-770%.
As of February, government figures revealed around 130,000 laptop applications under the government’s Home Access Scheme. The scheme, introduced in January by the outgoing Labour administration, provides each qualifying family a bank card that can be used for a one-off transaction worth GBP528 to buy the equipment at an approved supplier.


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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


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Browse the complete Report on:  United Kingdom Power Report 2010

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The new UK Power Report from BMI forecasts that the country will account for 5.18% of Developed Markets power generation by 2014, and to retain a modest supply surplus. BMI’s Developed Markets power generation estimate for 2009 is 7,152 terawatt hours (TWh), representing a decrease of 4.8% over the previous year. We are forecasting a rise in regional generation to 7,745TWh between 2010 and 2014, representing an increase of 6.0%.
Thermal power generation in 2009 is estimated by BMI at 4,199TWh, accounting for 58.7% of the total electricity supplied in the region. Our forecast for 2014 is 4,439TWh, implying 5.7% growth that leaves the market share of thermal generation only slightly lower at 57.3% – in spite of environmental concerns that should be promoting renewables, hydro-electricity and nuclear generation. The UK’s thermal generation in 2009 is estimated at 273TWh, or 6.50% of the regional total. By 2014, the country is expected to account for 6.96% of thermal generation.
For the UK, gas is the leading fuel, accounting for 39.2% of PED, followed by oil at 37.4%, coal at 14.9% and nuclear with a 7.9% share of PED. Developed markets energy demand is forecast to reach 3,998mn tonnes of oil equivalent (toe) by 2014, representing 6.5% growth in 2010-2014. The UK’s 2009 market share of 5.41% is set to rise to 5.51% by 2014. The UK’s 69.2TWh of nuclear demand in 2009 is forecast to fall to 54.6TWh by 2014 as reactors are decommissioned, with its share of the Developed Markets nuclear market easing from 4.18% to 3.17% over the period.
BMI is now forecasting UK real GDP growth averaging 2.66% per annum between 2010 and 2014, with the 2010 forecast being a rise of 1.00%. Population is expected to expand from 61.8mn to 63.5mn over the period, with GDP per capita rising 35% in dollar terms and electricity consumption per capita increasing by 7%. The country’s power consumption is expected to increase from an estimated 332TWh in 2009 to 366TWh by the end of the forecast period, providing surplus capacity easing from an estimated 40TWh in 2009 to 35TWh in 2014, assuming 1.6% average annual growth in power production during 2010-2014.
Between 2010 and 2019, we are forecasting an increase in UK electricity generation of 12.5%, which is middle of the range for the developed markets. This equates to 5.9% in the 2014-2018 period, up from 6.2% in 2010-14. PED growth is set to ease from 7.6% in 2010-14 to 1.2% during 2014-19, representing 8.8% for the entire forecast period. An increase of 27% in nuclear power use during 2010-19 is one key element of generation growth. Thermal power generation is forecast to fall by 3.6% between 2010 and 2019, with hydro use up 131% (from a very low base). More details of the longer-term BMI power forecasts can be found near the end of this report.


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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


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Original Source : – United Kingdom Power Market
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Browse the complete Report on:  United Kingdom Telecommunications Report Q3 2010
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This update of BMI’s UK Telecommunications Report for Q310 contains our forecasts for the mobile, fixed-line and internet markets through to the end of 2014. The mobile market, though expected to continue expanding, will do so at a much slower rate as it approaches saturation. The contraction in the fixed-line market will also continue at a slower rate as operators increase bundled services.
Following the regulatory approval of the merger between T-Mobile UK and Orange UK, a new holding company called Everything Everywhere has been formed to manage both operators. The two brands will continue to trade side by side in the market, targeting different segments, while the integration of backroom operations is performed by the new management of Everything Everywhere. A timeframe for the complete integration of both operators into one brand is yet to be disclosed.
The UK mobile market suffered a decline in the first three months of 2010. After an impressive 2.37% quarter-on-quarter (q-o-q) increase and 3% year-on-year (y-o-y) increase at the end of December 2009, the market fell by 0.2% q-o-q at the end of March 2010 to 79.855mn subscribers. The performance in Q110 mirrors a similar trend in Q109, when the market slid into subscriber net loss following a strong performance the previous quarter. Four of the five mobile operators – Vodafone, T-Mobile, Orange and 3 – reported subscriber net losses in Q110, largely driven by losses to prepaid subscriptions. O2, which also lost prepaid subscribers in the quarter, recorded an impressive postpaid subscriber growth to end the quarter with subscriber net gain. BMI expects the market to expand but at a slower rate given that it is approaching saturation, with penetration hovering around 130%. We also reiterate our view that future growth in the market will be driven by increase in postpaid subscriptions as customers opt for high-end smartphones, often offered with competitively priced contracts.
BT continues to lead in the broadband market but much of its lead has been eroded by Talk Talk, which has migrated Tiscali subscribers unto its own network. Other alternative providers, including O2 and Orange, have reported strong uptakes of their broadband services. Cable operator Virgin Media and satellite broadcaster BSkyB have also reported strong broadband subscriber growth on their networks. Although the fixed-line sector has been in a state of decline for years now, and is likely to remain so in the short term, we see it experiencing increased activity in the medium-to-long term. One key factor we expect to have an impact on the sector is the IPTV initiative Project Canvas. In June 2010, the BBC Trust gave its approval for the project that brings together members from the telecoms and broadcasting industries. With BT having received permission to offer triple-play packages, we expect it and Talk Talk to offer bundled packages including fixed-line services.
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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
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Original Source : –Telecommunication Market
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Browse the complete Report on: United Kingdom Tourism Report Q4 2010
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A great number of visitors will be travelling the UK to attend or be a part of the 2012 Olympics and Paralympics in London. Although tourism in 2012 will increase due to the amount of people from around the world who will attend the games, tourism arrivals are also forecast to increase following the events. The ‘legacy effect’ of the games, thanks to the media exposure and publicity associated with the Olympics - 3.9bn people watched the 2000 Olympics in Sydney - can last for up to a decade following the event. According to research by the national tourism agency VisitBritain, VisitLondon and Oxford Economics, for the post-games period of 2013-2017, a legacy effect worth GBP1.27bn is forecast for the UK and of GBP0.88bn for London.

After dropping in 2009 to US$27.26mn, tourist expenditure is beginning to climb back up in 2010, reaching an estimated US$28.38mn by the end of the year. BMI forecasts expenditure by tourists in the UK to continue to increase, totalling nearly US$40mn in 2014. Also forecast to increase is tourism expenditure’s contribution to the UK’s GDP. In 2010, tourism expenditure is forecast to account for 2.01% of GDP. This is expected to increase to 2.40%, by the end of our forecast period. Direct industry employment, which in 2009 stood at 1.43mn, is forecast to increase as a result of the 2012 Olympics.

Europe is the UK’s main source market for inbound tourism. The region is forecast to account for 24.43mn tourists in 2010, and this is predicted to increase to 30.98mn by 2014. In second and third place are the Asia Pacific region and North America. In 2010, 4.37mn tourists are expected to visit the UK from North America, while 3.40mn will come from Asia Pacific. By 2014, Asia Pacific and North American arrivals are forecast to be level at about 4.45mn inbound arrivals each. In terms of individual countries, the US was in the first place in 2007, but has since been overtaken by France, which is forecast to provide 4.15mn tourists by 2014.

After decreasing in 2009 and 2010, international tourism expenditure by UK residents is forecast to increase from US$86.44mn in 2011 to US$110.51mn in 2014. In line with this forecast, the amount of total departures by residents is also forecast to increase, from 68.69mn in 2010 to a forecast 78.42mn in 2014. The majority of UK residents visit Europe, with an estimated 53.23mn heading to the region in 2009 and a forecast 58.85mn travelling to Europe in 2014. In distant second and third place are North America and Asia Pacific. In 2009, 4.57mn UK residents are estimated to have travelled to North America, while 4.09mn travelled to the Asia Pacific region. Out of the two regions, Asia Pacific will have experienced the most growth by 2014, with 6.56mn UK residents making it their destination of choice, and only 4.66mn going to North America.

The UK hotel industry is forecast to grow. Despite the recession, and for some hoteliers because of it, operators are expanding in the UK. The UK’s largest hotel operator, Whitbread, plans to open 29 hotels in 2010 and steadily increasing that number thereafter. A third Four Seasons hotel is scheduled to open in 2014 in London and the budget hotel chain Travelodge is building 13 new hotels in and around the UK’s leading cities, with four in the London area.
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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

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Original Source : – United Kingdom Tourism Market
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Datamonitor’s Photographic Equipment in the United Kingdom industry profile is an essential resource for top-level data and analysis covering the Photographic Equipment industry. It includes data on market size and segmentation, plus textual and graphical analysis of the key trends and competitive landscape, leading companies and demographic information.
Scope
  • Contains an executive summary and data on value, volume and/or segmentation
  • Provides textual analysis of Photographic Equipment in the United Kingdom’s recent performance and future prospects
  • Incorporates in-depth five forces competitive environment analysis and scorecards
  • Includes a five-year forecast of Photographic Equipment in the United Kingdom
  • The leading companies are profiled with supporting key financial metrics
  • Supported by the key macroeconomic and demographic data affecting the market
Highlights
  • Detailed information is included on market size, measured by value and/or volume
  • Five forces scorecards provide an accessible yet in depth view of the market’s competitive landscape
Why you should buy this report
  • Spot future trends and developments
  • Inform your business decisions
  • Add weight to presentations and marketing materials
  • Save time carrying out entry-level research
Market Definition
The photographic equipment market values the total sales of camcorders, cameras and photographic equipment & optical instruments. Camcorders includes all camcorders across all price ranges. Cameras indcludes all cameras across all price ranges. Photographic equipment and optical instruments includes all camera and camcorder accessories, binoculars and telescopes. This includes all projectors across all price ranges. The market is valued at retail selling price (RSP) and includes any applicable taxes. Any currency conversions used in the report have been calculated using constant 2009 annual average exchange rates
For the purposes of this report, Europe consists of Western Europe and Eastern Europe.
Western Europe comprises Belgium, Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, and the United Kingdom.
Eastern Europe comprises the Czech Republic, Hungary, Poland, Romania, Russia, and Ukraine.
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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
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Dallas, TX: ReportsandReports announce it will carry Harding, United Kingdom, Commercial Asset Valuation and Forecast to 2015 Market Research Report in its Store.
Harding field lies in the United Kingdom Continental Shelf (UKCS) license block 9/23b part in the northern North Sea, around 320km north east of Aberdeen. The field was discovered in February 1987. The reservoir is at a depth of approximately 1,850m below the seabed at a water depth of 110m. The field development started in November 1993. The production started by 1996.
Harding Central and South were the two pools from which the field was initially developed. After that two more pools were developed, named Harding South East and Harding North. British Petroleum (BP) is the operator and the major partner with a 70% equity stake. The remaining 30% stake is held by Maersk Oil North Sea UK Ltd. Harding produces crude oil with a 20° API. The price of Harding, UK crude oil is at par with the Brent Blend. The Harding field produced 4.46 million barrels of crude oil and 27300 mmscf of gas during 2009.
The field contains recoverable reserves approximately 226.4 million barrels of oil and 282.5 (billion cubic feet) bcf of gas. The field life of Harding is expected to be around 20 years with production ending in 2015. The field is expected to generate $1.96 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 20.10%.
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 Harding, United Kingdom, Introduction 5
3 Harding, United Kingdom, Geology and Formations 6
4 Harding, United Kingdom, Equity Details 8
5 Harding, United Kingdom, Crude Oil Reserves 8
6 United Kingdom, Fiscal System 9
6.1.1 Governing Law 9
6.1.2 Licensing Authority 9
6.1.3 National Oil Company 9
6.1.4 Contract Type 9
6.1.5 State Participation 9
6.2 License Terms 9
6.2.1 Exploration 9
6.2.2 Production 10
6.2.3 Key Fiscal Terms 10
6.2.4 Deductions 12
6.2.5 Capital Allowance 12
6.2.6 Withholding Tax 12
6.2.7 Ring Fence 12
6.3 Key Information 12
7 Harding, United Kingdom, Infrastructure 14
7.1 Upstream infrastructure 15
7.1.1 Oil and Gas Production 15
7.1.2 Platform 15
7.2 Midstream Infrastructure 15
7.2.1 Loading Buoy 15
8 Harding, United Kingdom, Development Plan 16
8.1 Capital and Operating costs 16
8.2 Estimated capital cost for the development of Harding, United Kingdom 16
8.3 Plans for Development 16
9 Harding, United Kingdom, Crude Oil Production 17
10 Harding, United Kingdom, Economics 18
10.1 Harding, United Kingdom, Economic Assumptions 18
10.1.1 Forecast Commodity Prices 18
10.1.2 Inflation 18
10.1.3 Discount Rate and Representation of Cash Flows 18
10.1.4 Sensitivity 18
10.1.5 Access to the Economic Model 18
10.2 Harding, United Kingdom, Cash Flow Analysis 19
10.3 Harding, United Kingdom, Remaining PV Sensitivity Analysis 20
10.3.1 Remaining NPV Sensitivity to Discount Rates 20
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 21
11 Harding, United Kingdom, Summary Cash Flows 23
11.1 Harding, United Kingdom, Front End Load Estimations 24
11.2 Harding, United Kingdom, Tax Liability 25
12 Appendix 26
12.1 Methodology 26
12.2 Coverage 26
12.3 Secondary Research 26
12.4 Primary Research 26
12.5 E&P Forecasts 27
12.6 Capital Costs 27
12.7 Exploration and Appraisal (E&A) Costs 27
12.8 Operating Costs 27
12.9 Expert Panel Validation 28
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Harding, United Kingdom, Key Asset Data, 2010 5
Table 2: Harding, United Kingdom, Reserves, 2010 8
Table 3: Harding, United Kingdom, Capital Cost Estimate, 2010 16
Table 4: Harding, United Kingdom, Commodity Price Assumptions, 2010-2015 18
Table 5: Harding, United Kingdom,  Project Analysis Metrics, 2010 19
Table 6: Harding, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars, 2010 20
Table 7: Harding, United Kingdom, Remaining PV Sensitivity Analysis over Commodity Price Change Vs Production Rate, in Million Dollars 21
Table 8: Harding, United Kingdom, Remaining PV Sensitivity Analysis at 10% Discount Rate over Income Tax Change Vs Production Rate, in Million Dollars, 2010 22
Table 9: Harding, United Kingdom, Asset Summary Cash Flows, Thousand $, 1990-2015 23
Table 10: Harding, United Kingdom, Front End Load, Thousand $, 1990-2015 24
Table 11: Harding, United Kingdom, Tax Liability, Thousand $, 1990-2015 25
1.2 List of Figures
Figure 1: Harding, United Kingdom, Location, 2010 6
Figure 2: Harding, United Kingdom, Geology and Formations, Seismic Section, 2010 7
Figure 3: Harding, United Kingdom, Geology and Formations, Seismic Section, 2010 7
Figure 4: Harding, United Kingdom, Equity Partners and Their Equity Stakes, 2010 8
Figure 5: Harding, United Kingdom, Process Flow Diagram, 2010 14
Figure 6: Harding, United Kingdom, Process Flow Diagram, 2010 14
Figure 7: Harding, United Kingdom,  Historic Production and Forecast, 1997-2040 17
Figure 8: Harding, United Kingdom, Gross Revenue Versus Tax Cash Flow Analysis, 1990- 2015 19
Figure 9: Harding, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Million Dollars, 2010 20
Figure 10: Harding, United Kingdom, Remaining PV Sensitivity Analysis over Change in Production Vs. Commodity Price Change, in Million Dollars, 2010 21
Figure 11: Harding, United Kingdom, Remaining PV Sensitivity Analysis Over Income Tax Change Vs. Production Rate, in Million Dollars, 2010 22
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Reports and Reports comprises an online library of 10,000 reports, in-depth market researh studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
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Dallas,
TX 75231
Tel: +1-888-989-8004

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Dallas, TX: ReportsandReports announce it will carry Franklin Unit, United Kingdom, Commercial Asset Valuation and Forecast to 2030 Market Research Report in its Store.
The Franklin Unit comprises the Franklin field and the West Franklin satellite field. The Franklin is an offshore gas unit located in the block 29/5b in the South Central Graben area in the UK sector of the North Sea. It is located 240km east of Aberdeen, the coastal city in the UK, in 93m deep water. Elf Exploration UK Ltd. is the operator of the unit. It is a wholly owned subsidiary of Total S.A. The Franklin field was discovered in January 1986 and is one of the world’s largest high temperature-high pressure units. The Franklin field produces natural gas and condensate from its two reservoirs Fulmar and Pentland in the block.
E. F. Oil and Gas Ltd. is the major equity holder in the Franklin Unit with 46.173%. E. F. Oil and Gas Ltd. is a company owned by Total E&P UK Ltd. and Gaz de France. The other partners include Eni Elgin/Franklin Ltd., BG International (CNS) Ltd., Ruhrgas UK Exploration and Production Ltd., Esso Exploration and Production UK Ltd., Texaco Britain Ltd., Dyas UK Ltd. and Sumitomo Corporation of Japan.
In January 2003, the West Franklin satellite field was discovered using a deviated well from Franklin. It is located in the block 29/5b and 29/5c, 4km west of the Franklin Well-Head Platform in 93m of water. It was developed via the Elgin-Franklin facility. It started producing from September 2007 and was commingled with the existing Franklin production.
Both Franklin and West Franklin produce natural gas with condensate. The condensate has a quality of 44.06o API with sulphur content of less than 0.1%.
Franklin produced an overall 96.99 billion cubic feet (bcf) of natural gas and 14.1 million barrels (mmbbls) of condensate during 2009. The owners of the unit had planned to expand the capacity of the satellite unit within the next three years.
The life of Franklin Unit was estimated to be around 20 years with end of production in 2022. However, with the addition of the West Franklin reserves, the unit is supposed to continue producing till 2030. The unit is expected to generate $13.7 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 40.9%.
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 2
1.1 List of Tables 3
1.2 List of Figures 4
2 Franklin Unit, United Kingdom, Introduction 5
3 Franklin Unit, United Kingdom, Geology and Formations 7
4 Franklin Unit, United Kingdom, Equity Details 10
5 Franklin Unit, United Kingdom, Crude Oil and Natural Gas Reserves 11
6 Franklin Unit, United Kingdom, Applicable Fiscal Regime 11
6.1 Royalty 11
6.2 Bonuses 11
6.3 Rentals 11
6.4 Fees 11
6.5 Taxation 11
6.6 Petroleum Revenue Tax (PRT) 11
6.6.1 Supplementary Allowance (Uplift) 12
6.6.2 Oil Allowance 12
6.6.3 Tariff Receipts Allowance 12
6.6.4 Exploration and Appraisal Relief 12
6.6.5 Abandoned Unit Loss Relief 12
6.6.6 Cross Unit Allowance 12
6.6.7 Research Relief 12
6.6.8 Safeguard Relief 12
6.7 Deductions 12
6.8 Capital Allowance 13
6.9 Ring Fence 13
7 Franklin Unit, United Kingdom, Infrastructure 13
7.1 Upstream Infrastructure 13
7.1.1 Elgin Production-Utilities-Quarters (PUQ) Platform 13
7.1.2 Franklin Well-Head Platform (WHP) 15
7.1.3 Production Handling Requirements 16
7.1.4 HP/HT Choke And Valve Qualification 16
7.2 Midstream Infrastructure 18
8 Franklin Unit, United Kingdom, Development Plan, Investment and Expenditure 19
8.1 Phase One (Franklin Development) 19
8.2 Phase Two (West Franklin Development) 20
9 Franklin Unit, United Kingdom, Oil and Gas Production 22
9.1 Franklin Unit, United Kingdom, Natural Gas Production 22
9.2 Franklin Unit, United Kingdom, Condensate Production 23
10 Franklin Unit, United Kingdom, Unit Economics 24
10.1 Franklin Unit, United Kingdom, Economic Assumptions 24
10.1.1 Forecast Commodity Prices 24
10.1.2 Inflation 25
10.1.3 Discount Rate and Representation of Cash Flows 25
10.1.4 Sensitivity 25
10.1.5 Access to the Economic Model 25
10.2 Franklin Unit, United Kingdom, Cash Flow Analysis 25
10.3 Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis 27
10.3.1 Remaining NPV Sensitivity to Discount Rates and Commodity Price 27
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production Rates 28
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 29
11 Franklin Unit, United Kingdom, Summary Cash Flows 30
11.1 Franklin Unit, United Kingdom, Front End Load Due To Fiscal Policy 31
11.2 Franklin Unit, United Kingdom, Tax Liability 32
12 Appendix 34
12.1 Methodology 34
12.2 Coverage 34
12.3 Secondary Research 34
12.4 Primary Research 34
12.5 E&P Forecasts 35
12.6 Capital Costs 35
12.7 Exploration and Appraisal (E&A) Costs 35
12.8 Operating Costs 35
12.9 Expert Panel Validation 36
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Franklin Unit, United Kingdom, Key Asset Data, 2010 5
Table 2: Franklin Unit, United Kingdom, Reservoir Characteristics 9
Table 3: Franklin Unit, United Kingdom, Equity Details, 2010 10
Table 4: Franklin Unit, United Kingdom, Unit Reserves, January 2010 11
Table 5: Franklin Unit, United Kingdom, Elgin Production-Utilities-Quarters (PUQ) Specification Details 14
Table 6: Franklin Unit, United Kingdom, Well-Head Platform (WHP) Specification Details 15
Table 7: Franklin Unit, United Kingdom, Interfiled Bundle Pipeline Specification Details 18
Table 8: Franklin Unit, United Kingdom, SEAL Gas Export Line Specification Details 19
Table 9: Franklin Unit, United Kingdom, GAEL Liquids Export Line Specification Details 19
Table 10: Franklin Unit, United Kingdom, Historical Natural Gas Production and Forecast, Million Standard Cubic Feet, 2001-2030 22
Table 11: Franklin Unit, United Kingdom, Historical Condensate Production and Forecast, Thousand Barrels, 2001-2030 24
Table 12: Franklin Unit, United Kingdom, Commodity Price Assumptions, 2010-2030 25
Table 13: Franklin Unit, United Kingdom, Project Analysis Metrics, 2010 26
Table 14: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Billion Dollars 27
Table 15: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis At 10% Discount Rate Over Commodity Price Change Vs Production Rate, in Billion Dollars 28
Table 16: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis at 10% Discount Rate Over Income Tax Change Vs Production Rate, in Billion Dollars 29
Table 17: Franklin Unit, United Kingdom, Asset Summary Cash Flows, Thousand $, 1999-2030 30
Table 18: Franklin Unit, United Kingdom, Front End Load, Thousand $, 2001-2030 31
Table 19: Franklin Unit, United Kingdom, Tax Liability Estimations, Thousand $, 2001-2030 32
1.2 List of Figures
Figure 1: Franklin Unit, United Kingdom, Location 6
Figure 2: West Franklin Satellite Unit, United Kingdom, Location 6
Figure 3: Franklin Unit, United Kingdom, SouthWest-NorthEast Geoseismic Section 7
Figure 4: Franklin Unit, United Kingdom, Lithostratigraphy 8
Figure 5: Franklin Unit, United Kingdom, Fulmar Reservoir Formation Depositional Profile 8
Figure 6: Franklin Unit, United Kingdom, Pentland Reservoir Formation Depositional Profile 9
Figure 7: Franklin Unit, United Kingdom, Equity Details, 2010 10
Figure 8: Franklin Unit, United Kingdom, Franklin WHP and Elgin PUQ Facilities Layout 14
Figure 9: Franklin Unit, United Kingdom, Simplified Layout of Elgin PUQ Process 15
Figure 10: Elgin Unit, United Kingdom, Typical Wellbore Design, 2010 16
Figure 11: Elgin Unit, United Kingdom, Pore Pressure Profile, 2010 17
Figure 12: Franklin Unit, United Kingdom, Horizontal Departure Profile of the Wells Drilled 17
Figure 13: Franklin Unit, United Kingdom, Oil and Gas Transportation System 18
Figure 14: Franklin Unit, United Kingdom, Development Scheme Along With The West Franklin Satellite Unit 21
Figure 15: Franklin Unit, United Kingdom, Historical Natural Gas Production and Forecast, 2001-2030 22
Figure 16: Franklin Unit, United Kingdom, Historical Condensate Production and Forecast, 2001-2030 23
Figure 17: Franklin Unit, United Kingdom, Gross Revenue Versus Tax Cash Flow Analysis, 1999-2030 25
Figure 18: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, in Billion Dollars 27
Figure 19: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis At 10% Discount Rate Over Change in Production Rate Vs. Commodity Price Change, in Billion Dollars 28
Figure 20: Franklin Unit, United Kingdom, Remaining PV Sensitivity Analysis at 10% Discount Rate Over Income Tax Change Vs Production Rate, in Billion Dollars 29
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TX 75231
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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
Related Reports:
About Us:
Reports and Reports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact: 
Ms. Sunita
7557 Rambler road,Suite 727,
Dallas,
TX 75231
Tel: +1-888-989-8004
Website: http://www.reportsandreports.com/
Blog: http://reportsnreports.wordpress.com/
Blog: http://reportsandreports.blogspot.com/

Read More