Asset Report
Azar and Changuleh
Report summary
Azar and Changuleh are two of Iran's more recent discoveries. The fields lie within the prolific Zagros fold-belt and are located 300 kilometres northwest of the city of Ahvaz. Azar is shared with Iraq, where it is called Badra, therefore its development is strategically important to Iran. The estimated stock tank oil initially in place (STOIIP) for Azar and Changuleh is 2.4 billion barrels and 3.4 billion barrels respectively. Azar is on production, while development of Changuleh ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
-
Geology
- Regional structure
- Reservoirs
- Well data
-
Exploration
- Commitments
- Seismic
- Reserves and resources
-
Production
- Oil Production
- Gas production
- Emissions
-
Development
-
Azar
- Pre-development work
- Phase 1 - Buy-back contract (OIEC)
- Phase 2 - IPC
- Changuleh
- NGL-3100
-
Azar
- Infrastructure
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Costs
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Capital costs
- Azar Phase 1 capital costs
- Azar Phase 2 capital costs
- Changuleh capital costs
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Operating costs
- Azar Phase 1 operating costs
- Azar Phase 2 operating costs
- Changuleh operating costs
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Capital costs
- Sales contracts
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Fiscal and regulatory
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Buy-back contract terms
- Cost recovery
- Profit petroleum/Remuneration fee
- Income tax
- Royalty
- Bonuses
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NIOC concession contract terms
- Government priority production
- Income tax
- Capital and operating costs
- Depreciation
- Iran Petroleum Contract
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Buy-back contract terms
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Global Economic Model (GEM) file
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Economic analysis
-
Cash flow
- Azar Phase 1 (Buy-back)
- Azar Phase 1 (NIOC)
- Azar Phase 2 (IPC)
- Changuleh
- Indicative technical valuations
-
Cash flow
Tables and charts
This report includes 56 images and tables including:
- Key facts: Table 1
- Index map
- Detail map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Infrastructure: Table 1
- Sales contracts: Table 1
- Production: Table 1
- Production: Table 2
- Production profile - Azar Phase 1 (Buy-back contract)
- Production profile - Azar Phase 1 (NIOC)
- Production profile - Azar Phase 2 (IPC)
- Production profile - Changuleh
- Economic analysis: Table 15
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Costs: Table 5
- Costs: Table 6
- Costs: Table 7
- Economic analysis: Table 1
- 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)
- Economic analysis: Table 4
- Economic analysis: Table 5
- Economic analysis: Table 6
- 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
- Economic analysis: Table 7
- Economic analysis: Table 8
- Economic analysis: Table 9
- 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)
- Economic analysis: Table 10
- Remaining PV Price Sensitivities
- Economic analysis: Table 11
- Economic analysis: Table 12
- Economic analysis: Table 13
- 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)
- Economic analysis: Table 14
- Remaining PV Price Sensitivities
What's included
This report contains:
