Asset report
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17 Pages



Report summary

The Sinopec-operated Arman oil field is located in the north-western part of the Buzachi Peninsula on the Caspian coast. It was discovered in the Soviet era but remained undeveloped due to its relatively modest reserves. Arman is located next to the large Kalamkas field (operated by Mangistaumunaigaz).Since LUKOIL's farm-out in 2014, the field is fully owned by Sinopec. Investment is minimal, as production has fallen below 2,000 b/d since 2008. There is no domestic market obligation and ...

What's included?

This report includes 2 file(s)

  • Arman PDF - 1012.13 KB 17 Pages, 14 Tables, 8 Figures
  • Arman XLS - 563.50 KB


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
    • Early participation (1994-2010)
    • Recent participation changes (2012 onwards)
  • Geology
  • Exploration
  • Reserves and resources
  • Production
  • Development
    • Key development metrics
    • Phase One (pilot) development (1994-96)
    • Phase Two development (1996-98)
    • Gas utilisation programme
  • Infrastructure
  • Costs
    • E&A costs
    • Capital costs
    • Operating costs
      • Transportation costs
  • Fiscal and regulatory
    • Mineral Extraction Tax (MET)
    • Rent Tax on Export
    • Oil Export Customs Duty (ECD)
    • Corporate Income Tax
    • Excess Profit Tax (EPT)
    • Bonuses
    • Fines
  • Economic assumptions
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

In this report there are 22 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index map
    • Arman map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
    • Geology: Table 2
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Arman 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 01/01/2016
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2016)
    • Remaining Present Value Price Sensitivities
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