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Asset Report

Affleck (redevelopment)

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16 February 2023

Affleck (redevelopment)

Report summary

The Affleck oil and gas field lies wholly in block 30/19a in the Central North Sea, six kilometres from the UK/Norway median line. The field was first brought onstream, operated by Maersk Oil, in 2009. It was developed via two horizontal production wells tied back to the Janice field. The field ceased in 2016. NEO Energy acquired an interest in the field and took over operatorship in 2019 with the intention of redeveloping Affleck.We assume FID in mid-2023 and first production in Q4 2024. ...

Table of contents

  • Key facts
    • Summary
    • Key issues
      • UK government introduces Energy Profits Levy
      • FID expected in mid-2023
      • Reuse of equipment expected to reduce development cost
      • Decarbonisation - potential electrification of the Central North Sea
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Key development metrics
      • Development drilling
      • Subsea
  • Infrastructure
    • Operating costs
  • Fiscal and regulatory
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Carbon price
    • Exchange rate
    • Fiscal terms
    • Global Economic Model (GEM) file
    • Cash flow

Tables and charts

This report includes 25 images and tables including:

  • Key facts: Table 1
  • Index map
  • Affleck (redevelopment) map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production profile
  • Infrastructure: Table 1
  • Capital costs
  • Decommissioning costs
  • Costs: Table 3
  • Cash flow (US$ million)
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
  • Remaining PV Price Sensitivities
  • Cash flow (£ million)
  • Economic analysis: Table 5
  • Economic analysis: Table 6

What's included

This report contains:

  • Document

    Affleck (redevelopment)

    PDF 4.26 MB

  • Document

    Affleck (redevelopment)

    XLS 459.50 KB