Asset Report
Badin Fields
Report summary
The fields were discovered by BP and its predecessors over a period of 25 years, on five consecutive exploration licences: Badin-I, Badin-II, Badin-II Revised, Badin-III and Mehran. The majority of fields and reserves were discovered in the 1980s and early 1990s on the Badin-I and Badin-II concessions. In September 2011, BP sold the assets to Hong Kong-based United Energy Group (UEG) for US$775 million. UEG has made significant capital investments since late-2011 which have helped increase production after a sharp fall in 2011.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
-
Historic Participation
- Badin I
- Badin II
- Badin II (Revised)
- Badin III and Mehran
- Union Texas Pakistan becomes BP
- BP sells assets to UEG
-
Historic Participation
- Geology
- Well data
-
Exploration
- Exploration activity by UEG
- Exploration activities in 2000s
- Historical activity
- The 1980s
- The 1990s
- Reserves and resources
- Production
-
Development
- Recent drilling
- Historic drilling
- Deep reservoirs
- Secondary recovery
- Infrastructure
-
Costs
- Capital Costs
- Sales contracts
- Fiscal and regulatory
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Condensate Price
- Gas Price
- Global Economic Model (GEM) file
-
Economic analysis
-
Cash Flow
- Badin I
- Badin II
- Badin II (Revised)
- Badin III
- Fateh Shah
-
Cash Flow
Tables and charts
This report includes 53 images and tables including:
- Key facts: Table 1
- Index Map
- Badin Concessions Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Badin I
- Badin II
- Badin II (Revised)
- Badin III
- Badin Fateh Shah
- Infrastructure: Table 1
- Sales contracts: Table 1
- Sales contracts: Table 2
- Sales contracts: Table 3
- Sales contracts: Table 4
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- 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)
- Remaining Present Value Price Sensitivities
- 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 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 PV Price Sensitivities
- Economic analysis: Table 10
- Economic analysis: Table 11
- Economic analysis: Table 12
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Economic analysis: Table 13
- Economic analysis: Table 14
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
What's included
This report contains:
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