Dallas, TX: ReportsandReports announce it will carry Grane,Norway,
Commercial Asset Valuation and Forecast to 2027 Market Research Report in
its Store. Browse complete Report on:
http://www.reportsandreports.com/market-reports/granenorway-commercial-
asset-valuation-and-forecast-to-2027/
Grane is an oil field located on the western coast of Norway in block
25/11 of the North Sea, 185km west of Haugesund city. The field is
located at a water depth of 128m and a reservoir depth of 1,700m. The
reservoir extent covers an area of 10 sq km. It has average pay thickness
of 50m, average porosity of 33% and permeability of 5-10 Darcies. The oil
is contained within the Heimdal Formation sands of Paleocene age. Grane
is the first field on the Norwegian continental shelf to produce heavy
crude oil. The Grane field was discovered in the year 1991. But, the
production started in 2003. This field reached its peak production on
March 10, 2006. The field is estimated to be abandoned by year 2027. The
Grane field contains crude oil of API 18.7° and sulfur content 0.83%.
Statoil Petroleum AS is the operator of this offshore field with majority
equity stake of 36.67%. The other equity holders in this field are Petoro
AS (28.94%), ExxonMobil Exploration & Production Norway AS (28.22%) and
ConocoPhillips Skandinavia AS (6.17%). An integrated accommodation,
processing and drilling platform has been used for Grane field
development. The platform consists of a fixed steel frame construction
lying on the seabed. The gas is being injected into the field for
enhanced oil recovery. The gas has been brought from Heimdal gas center
through a 50km long Grane gas pipeline. The crude oil is transferred to
Sture terminal through a 220m long Grane oil pipeline. A total of 40
wells have been planned in this field. Out of these 40 wells, 31 wells
are oil producing wells, four wells are water injection wells and five
wells are gas injection. Several new multilateral wells are being
planned. The first water injection well is planned to be drilled in 2010.
The field contains approximately 1,270 million barrels of oil in-place,
and recoverable reserves are estimated to be at around 700 million
barrels. The field life of Grane is expected to be around 25 years with
complete abandonment during 2027. The field is expected to generate 17.20
billion in revenues (undiscounted) during its remaining life (starting
January 1, 2010) and is expected to yield an IRR of around 17.93%.
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
Related Articles -
Grane, Norway, Forecast, Commercial Market, Market Forecast, Market 2027,
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