Asset Report
Avalon
Report summary
The Avalon field is located 40 kilometres west of the Forties field in the Central North Sea. It was discovered in 2014 by Summit E&P. Ping Petroleum now owns 100% equity and will seek a farm-in partner to develop the field.Ping Petroleum has evaluated several development concepts. It likely to develop the field with two wells tied-back to a floating production storage and offloading (FPSO) vessel. The Environmental Impact Statement (EIS) has been submitted to OPRED and the operator is ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Energy Profits Levy could help FID
- Ping Petroleum purchases Hummingbird Spirit FPSO
- Development concept receives letter of "no objection" from UK regulators
- Third party tie-back opportunities
- Location maps
- Participation
- Geology
- Well data
- Exploration
-
Reserves and resources
- Emissions
- Production
-
Development
- Development drilling
- FPSO
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Costs
- Decommissioning costs
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Operating costs
- Emissions Trading Scheme (ETS)
- Fiscal and regulatory
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Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM)
- Economic analysis
Tables and charts
This report includes 19 images and tables including:
- Key facts: Table 1
- Index map
- Avalon map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Avalon production profile
- Capital costs
- 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 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
