Vega, Norway, Commercial Asset Valuation and Forecast to 2032
http://www.reportsandreports.com/market-reports/vega-norway-commercial-asset-valuation-and-forecast-to-2032/
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Norway Market Research
Norway Market Research
Report Summary
The Vega field is located offshore in the northern North Sea, block
35/8, in Norway. The field is located in the north of the Fram field,
and about 80km west of Florø in Sogn og Fjordane, Norway. It is located
at a water depth of 370m. The reservoir depth is 3,500m. Statoil
Petroleum AS is the operator of the field.
- The other equity partner of the Vega field is the Petoro AS
with 40% equity share. The remaining 60% equity share is held by
operator Statoil Petroleum AS.
- The Vega field was discovered in 1981 and will come on stream in
2010. It produces crude oil with 34° API. The price of the Vega crude
oil is at par with the Brent Blend.
- The Vega field will produce an estimated average of 9.74 million
barrels of oil equivalent (MMboe) during 2011, which will be its peak
capacity.
- The life of the Vega field is expected to be around 23 years with
complete abandonment during 2032. The field is expected to generate
$4.28 billion in revenues (undiscounted) during its remaining life
(starting January 1, 2010) and is expected to yield an IRR of around
10.75%.
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
1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Vega, Norway, Introduction 4
3 Vega, Norway, Geology, Geography and Formations 6
4 Vega, Norway, Equity Details 8
5 Vega, Norway, Crude Oil and Natural Gas Reserves 9
6 Vega, Norway, Applicable Fiscal Regime 10
6.1 Contract Type 10
6.2 State Participation 10
6.3 Fees 10
6.4 Special Petroleum Tax 10
6.5 Taxation 10
6.6 Carbon Dioxide Tax 10
7 Vega, Norway, Infrastructure 11
7.1 Upstream Infrastructure 11
7.2 Midstream Infrastructure 11
8 Vega, Development Plan, Investment and Expenditure 12
9 Vega, Norway, Liquid and Gas Production 13
10 Vega, Norway, Field Economics 16
10.1 Vega, Norway, Economic Assumptions 16
10.1.1 Forecast Commodity Prices 16
10.1.2 Inflation 16
10.1.3 Discount Rate and Representation of Cash Flows 16
10.1.4 Sensitivity 16
10.1.5 Access to the Economic Model 16
10.2 Vega, Norway, Cash Flow Analysis 17
10.3 Vega, Norway, Remaining PV Sensitivity Analysis 18
10.3.1 Remaining NPV Sensitivity to Discount Rate and Commodity Price 18
10.3.2 Remaining NPV Sensitivity to Changes in Commodity Prices and Production Rates 19
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 20
11 Vega, Norway, Summary Cash Flows 21
11.1 Vega, Norway, Front End Load Due To Fiscal Policy 22
11.2 Vega, Norway, Tax Liability 23
12 Appendix 24
12.1 Methodology 24
12.2 Coverage 24
12.3 Secondary Research 24
12.4 Primary Research 24
12.5 E&P Forecasts 25
12.6 Capital Costs 25
12.7 Exploration and Appraisal (E&A) Costs 25
12.8 Operating Costs 26
12.9 Expert Panel Validation 26
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer
1.1 List of Tables
Table 1: Vega, Norway, Key Asset Data, 2010 4
Table 2: Vega, Norway, Field Reserves, January 2010 9
Table 3: Vega, Norway, Crude Oil, Natural Gas and NGL Production, 2010-2032 15
Table 4: Vega, Norway, Commodity Price Assumptions, 2010-2032 16
Table 5: Vega, Norway, Project Analysis Metrics, 2010 17
Table 6: Vega, Norway, Remaining PV Sensitivity Analysis Over Discount
Rate Vs. Commodity Price Change, in Million Dollars, 2010 18
Table 7: Vega, Norway, Remaining PV Sensitivity Analysis over Commodity
Price Change Vs Production Rate, in Million Dollars, 2010 19
Table 8: Vega, Norway, Remaining PV Sensitivity Analysis at 10%
Discount Rate over Special Petroleum Tax Change Vs Production Rate, in
Million Dollars, 2010 20
Table 9: Vega, Norway, Asset Summary Cash Flows, Thousand $, 2007-2032 21
Table 10: Vega, Norway, Front End Load, Thousand $, 2010-2032 22
Table 11: Vega, Norway, Tax Liability Estimations, Thousand $, 2010-2032 23
1.2 List of Figures
Figure 1: Vega, Norway, Location, 2010 5
Figure 2: Vega, Norway, Geological Details of the Northern North Sea, 2010 7
Figure 3: Vega, Norway, Equity Details, 2010 8
Figure 4: Vega, Norway, Process Flow, 2010 11
Figure 5: Vega, Norway, Crude Oil Historic Production and Forecast, 2010-2032 13
Figure 6: Vega, Norway, Natural Gas Historic Production and Forecast, 2010-2032 14
Figure 7: Vega, Norway, Natural Gas Liquid Historic Production and Forecast, 2010-2032 14
Figure 8: Vega, Norway, Gross Revenue Versus Tax Cash Flow Analysis, 2007-2032 17
Figure 9: Vega, Norway, Remaining PV Sensitivity Analysis Over Discount
Rate Vs. Commodity Price Change, in Million Dollars, 2010 18
Figure 10: Vega, Norway, Remaining PV Sensitivity Analysis over Change
in Production Rate Vs. Commodity Price Change, in Million Dollars, 2010
19
Figure 11: Vega, Norway, Remaining PV Sensitivity Analysis Over Special
Petroleum Tax Change Vs. Production Rate, in Million Dollars, 2010 20
