Reportlinker Adds Vega Sor, Norway, Commercial Asset Valuation and Forecast to 2022

NEW YORK, Oct. 26 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Vega Sor, Norway, Commercial Asset Valuation and Forecast to 2022

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Vega Sor, Norway, Commercial Asset Valuation and Forecast to 2022

Summary

Vega Sor field is located in the northern part of the North Sea. It lies in block 35/11ca which is 10km south of Vega Central , approximately 10km south of Vega Nord. Water depth in the area is about 370m. Vega South is located approximately 10km northwest of Fram fields and 45km northwest of Troll field, between Gjoa and Gullfaks fields. It comes under license PL090C. The reservoir depth is approximately 3,500m.

Statoil Petroleum AS is the operator of the field with 45% equity stake. The other equity partners are GDF SUEZ E&P Norge AS (15%), Bayerngas Norge AS (25%), and Idemitsu Petroleum Norge AS (15%).

Vega Sor field was discovered in the year 1987 and will come onstream in the fourth quarter of 2010. It has total recoverable reserves of about 25.5 MMbbl of liquids and 310.9 bcf of gas. Oil will be produced through pressure depletion. It has 34? API and 0.18% of sulfur. Vega Sor is estimated to reach its peak production capacity in the year 2012 with production levels of 5.62 MMbbl of liquids and 68.4 bcf of gas.

The life of Vega Sor is expected to be around 13 years with the end of its useful life due in 2022. The field is expected to generate $4.4 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 15.63%.

Scope

- Highlights the contribution of Latin America and Africa to major offshore oil & gas discoveries during the period 2007-2010

- Analyses the major offshore discoveries in Latin America and Africa

- Provides information on the major companies involved in the offshore oil and gas discoveries in these two regions and the competitive landscape

- Highlights how Latin America and Africa are emerging as major oil and gas producing regions.

Reasons to buy

- Evaluate the potential of Latin America and Africa as major regions for offsore oil and gas production

- Compare the roles of national oil companies vis-a-vis international oil companies in developing offshore oil and gas resources in these regions

- Understand the challenges involved in developing offshore oil and gas resources in Latin America and Africa

1 Table of contents 2

1.1 List of Tables 4

1.2 List of Figures 4

2 Vega Sor, Norway, Introduction 5

3 Vega Sor, Norway, Geography, Geology and Formations 7

4 Vega Sor, Norway, Equity Details 7

5 Vega Sor, Norway, Crude Oil and Natural Gas Reserves 8

6 Vega Sor, Norway, Applicable Fiscal Regime 8

6.1 Contract Type 8

6.2 Royalty 8

6.3 Fees 8

6.4 Special Petroleum Tax 8

6.5 Taxation 8

7 Vega Sor, Norway, Infrastructure 9

7.1 Upstream Infrastructure 9

7.2 Midstream Infrastructure 10

8 Vega Sor, Norway, Development Plan, Investment and Expenditure 10

9 Vega Sor, Norway, Oil and Gas Production 11

10 Vega Sor, Norway, Field Economics 14

10.1 Vega Sor, Norway, Economic Assumptions 14

10.1.1 Forecast Commodity Prices 14

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 Vega Sor, Norway, Cash Flow Analysis 15

10.3 Vega Sor, Norway, Remaining PV Sensitivity Analysis 16

10.3.1 Remaining NPV Sensitivity to Discount Rate and Commodity Price 16

10.3.2 Remaining NPV Sensitivity to Changes in Commodity Prices and Production Rates 17

10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 18

11 Vega Sor, Norway, Summary Cash Flows 19

11.1 Vega Sor, Norway, Front End Load Due To Fiscal Policy 20

11.2 Vega Sor, 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

1.1 List of Tables

Table 1: Vega Sor, Norway, Key Asset Data, 2010 5

Table 2: Vega Sor, Norway, Field Reserves, 2010 8

Table 3: Vega Sor, Norway, Exploration Wellbores, 2010 9

Table 4: Vega Sor, Norway, Development Wellbores, 2010 9

Table 5: Vega Sor, Norway, Production Forecast, 2010-2022 12

Table 6: Vega Sor, Norway, Commodity Price Assumptions, 2007-2022 14

Table 7: Vega Sor, Norway, Project Analysis Metrics, 2010 15

Table 8: Vega Sor, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, $m, 2010 16

Table 9: Vega Sor, Norway, Remaining PV Sensitivity Analysis over Commodity Price Change Vs Production Rate, $m, 2010 17

Table 10: Vega Sor, Norway, Remaining PV Sensitivity Analysis at 10% Discount Rate over Income Tax Change Vs Production Rate, in $m, 2010 18

Table 11: Vega Sor, Norway, Asset Summary Cash Flows, ($'000), 2007-2022 19

Table 12: Vega Sor, Front End Load, ($'000), 2010-2022 20

Table 13: Vega Sor, Norway, Tax Liability Estimations, ($'000), 2010-2022 21

1.2 List of Figures

Figure 1: Vega Sor, Norway, Vega Location, 2010 6

Figure 2: Vega Sor, Norway, Location, 2010 6

Figure 3 : Vega Sor, Norway, Equity Details, 2010 7

Figure 4: Vega Sor, Norway, Gjoa Platform, 2010 9

Figure 5: Vega Sor, Norway, Infrastructure Location, 2010 10

Figure 6: Vega Sor, Norway, Oil Production Forecast, Thousand Barrels, 2010-2022 11

Figure 7: Vega Sor, Norway, Gas Production Forecast, MMcf, 2010-2022 11

Figure 8: Vega Sor, Norway, NGL Production Forecast, Thousand Barrels, 2010-2022 12

Figure 9: Vega Sor, Norway, Gross Revenue Versus Tax Cash Flow Analysis, 2007-2022 15

Figure 10: Vega Sor, Norway, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, $m, 2010 16

Figure 11: Vega Sor, Norway, Remaining PV Sensitivity Analysis over Change in Production Rate Vs. Commodity Price Change, $m, 2010 17

Figure 12: Vega Sor, Norway, Remaining PV Sensitivity Analysis over Income Tax change Vs. Production Rate, $m, 2010 18

Companies mentioned

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