Asset report
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20 Pages

Altius Petroleum Contract Area (KNOC)

Altius Petroleum Contract Area (KNOC)

Report summary

Altius Petroleum is majority-owned by Korea National Oil Company (KNOC) and operates four small oil fields in the Precaspian Basin. Akzhar (post-salt) is by far the largest and remains the focus of development. Aggregate production is expected to stabilise between 2015 and 2018, with more than 75% of output from Akzhar. Production at the core field has declined, but is expected to rebound slightly in the next few years. The other three fields lie remote from Akzhar in an area closer to Atyrau. All four fields exploit shallow reservoirs and were discovered more than 50 years ago. However, they have only been developed since 2000. The operator previously thought there to be deeper potential on its acreage, notably on the Alimbai block. However, no further discoveries have been made and the exploration periods of all four licences have now expired. Alimbai was the last to enter the production phase, with its development plan approved in January 2014.

What's included?

This report includes 2 file(s)

  • Altius Petroleum Contract Area (KNOC) PDF - 1.01 MB 20 Pages, 16 Tables, 8 Figures
  • Altius Petroleum Contract Area (KNOC) XLS - 657.50 KB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Corporate
    • Altius Petroleum licences
  • Geology
    • Akzhar (post-salt)
    • Alimbai
    • Besbolek
    • Karataikiz
  • Exploration
    • Akzhar (post-salt)
    • Alimbai
    • Besbolek
    • Karataikiz
  • Reserves and resources
  • Production
    • Oil
    • Gas
  • Development
    • Key development metrics
    • Akzhar
    • Besbolek
    • Karataikiz
    • Alimbai
  • Infrastructure
    • Akzhar
    • Besbolek, Karataikiz and Alimbai
  • Costs
    • E&A costs
    • Capital costs
    • Operating costs
      • Field costs
      • Transportation tariffs
  • Fiscal and regulatory
    • Mineral Extraction Tax (MET)
    • Rent Tax on Export
    • Oil Export Customs Duty (ECD)
    • Corporate Income Tax
    • Excess Profit Tax (EPT)
    • Signature bonuses
    • Commercial discovery bonuses
  • Economic assumptions
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
      • Export
      • Domestic
    • Global Economic Model (GEM) file
  • Economic analysis

In this report there are 24 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index map
    • Altius Petroleum Contract Area map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
    • Geology: Table 2
  • Exploration
    • Exploration: Table 1
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Altius Petroleum Contract Area production profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • Cash Flow
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
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