Asset Report
Area 47
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Report summary
The Area 47 oil and gas fields are located in the Ghadames Basin in northwest Libya and are operated by Medco Energi. The exploration licence was initially awarded to Verenex Energy in Libya's first international bid round with EPSA IV terms in 2005. We have assumed Medco will implement the early production system planned by Verenex Energy, which targeted 50,000 b/d of oil and monetising associated gas by linking into nearby gas infrastructure. First oil and gas production was initially forecast for 2014 but was subsequently delayed to 2017 due to ongoing unrest.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Verenex sale
- LIA and Medco agreement
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
-
Key development metrics
- Wells
- Facilities
-
Key development metrics
- Infrastructure
-
Costs
- Exploration Costs
- Capital Costs
- Operating Costs
- Sales contracts
-
Fiscal and regulatory
- Production Sharing
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas Price
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 28 images and tables including:
- Key facts: Table 1
- Index Map
- Area 47 Map
- Well data: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production Phase 1
- Production Phase 2
- Production Profile
- Post Contract Production Profile (Post 2038)
- Infrastructure: Table 1
- Sales contracts: Table 1
- 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 01/01/2019
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2019)
- Remaining PV Price Sensitivities
- Participation: Table 1
- Participation: Table 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
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