The Iraq Fields Financial Report presents the results of an economic evaluation of each discovered producing and non-producing field in Iraq. This is a complementary publication to our Iraq Strategic Report which amongst other things evaluates the reserves, production potential and key technical data for all of the discovered fields that Bayphase has identified in Iraq; a total of 96 fields.
The evaluation has been conducted on a field by field basis. Fields have been grouped by hydrocarbon province, hydrocarbon type - oil field or non-associated gas field - and current status: producing or non-producing.
Each of the fields was evaluated against the following scenario matrix:
|
Exploitation
Cost
|
Products Price
|
|
Low
(Oil – 40$/bbl)
|
Medium
(Oil – 70$/bbl)
|
High
(Oil – 100$/bbl)
|
|
Low
|
√
|
√
|
√
|
|
Medium
|
√
|
√
|
√
|
|
High
|
√
|
√
|
√
|
The Exploitation Cost considered all of the elements required to fully develop each property over a period no longer that 20 years.
We believe the result is a fully ranged, considered assessment of each field that shows how they can perform economically if all the indicators are very positive and also what will happen if these indicators downturn.
A number of valuation methods are used in the Report:
Discounted Cash Flow (DCF) analysis was used to evaluate each field using these commercial terms:
- Kurdistan: Production Sharing Agreement (PSA). The basis used is that established by the Kurdistan Regional Government and the International Oil Companies that have secured exploration licenses in this region.
- Outside of Kurdistan: Technical Service Contract (TSC). The basis used is that establish by the Iraq Central Authorities and the International Oil Companies that have secured service contracts in this region:
- Where service contracts have been awarded for a particular field the agreed commercial terms have been used to determine value.
- Where a field has not been licensed but lies in an area controlled by the Iraq Central Authority we have have assumed it would be awarded as a TSC.
The economic performance outcomes presented are:
- Net Present Value
- Internal Rate of Return
Fair Market Value: this uses a database of oil and non-associated gas transactions to arrive at a market value for each field. The outcomes presented are:
- Minium Value
- Maximum Value
Cost Approach: this was used for discovered non-producing fields and is based on past and future exploration and appraisal expenditures. The outcomes presented are:
- Minium Value
- Maximum Value
The economic performance of a given field under each valuation methodcan be viewed from a range of perspectives:
- Overall Project Performance
- Investor Performance, this can be reviewed under a range of cost and price scenarios and under a range of commercial terms
- Government Performance, again this can be reviewed under a range of cost and price scenarios and under a range of commercial terms
- 3rd Edition July 2010 - THE CURRENT EDITION - 667 Pages
- 2nd Edition February 2009 - 1997 Pages
- 1st Edition March 2008 - 2041 Pages
What You Get:
- Paper Version of the Report
- Searchable CDRom of the Report
Delivery:
- FEDEX
Cost:
- £4,500 (Four Thousand Five Hundred Pounds Sterling)
Use the contact form below or the Google Checkout Buttons on this page to purchase.
Past customers who have purchased any of our Strategic Reports receive a discount of £450 (Four Hundred and Fifty Pounds Sterling).
Past Customers who have purchased our Iraq Strategic Report receive a discount of £900 (Nine Hundred Pounds Sterling).
Who Buys Our Reports:
A variety of companies and professionals buy our Strategic Reports:
- Oil Companies: Explorationists, New Ventures Managers, Strategic Planners, Field Development Planners, Asset Managers, Business Development Managers, Acquisition Specialists
- Financial Companies: Mergers and Acquisition Specialists, Company Analysts, Deal Specialists, Oil and Gas Project Finance Specialists
- Supply Companies: Owners, Senior Executives, Market Analysts, Strategic Planners, Business Development Managers
