Asset report
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18 Pages

EPSA South East (Farigh)

EPSA South East (Farigh)

Report summary

The Farigh field is located to the south of the giant Amal field in the Sirte Basin. Production from the field started in 1969. The field was originally part of the Concession 12 contract area, now known as the EPSA East contract. As part of contract extension agreements for Petro-Canada's Libyan acreage made in 2008, the Farigh field was transferred over to the new EPSA South East contract. In June 2008, Petro-Canada signed new contracts for its Libyan concessions whereby existing concession licences were converted to EPSA IV terms and a 30 year licence extension was granted. There are now six EPSA contracts areas (EPSA North, EPSA West, EPSA Central, EPSA East, EPSA South East and EPSA South), five of which are producing. Petro-Canada paid a US$1 billion non-recoverable signature bonus as part of the deal, over a five-year period. The new terms took effect from January 2008.

What's included?

This report includes 2 file(s)

  • EPSA South East (Farigh) PDF - 514.81 KB 18 Pages, 16 Tables, 9 Figures
  • EPSA South East (Farigh) XLS - 660.00 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.

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  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Concession 12
    • EPSA South East
  • Well data
  • Exploration
    • Contract Extension
  • Reserves and resources
  • Production
    • Pre-conflict production
    • Incremental production
    • Post contract production
  • Development
    • Farigh redevelopment
    • Key development metrics
      • Wells
      • Facilities
  • Infrastructure
  • Costs
    • Capital Costs
    • Operating Costs
  • Fiscal and regulatory
    • EPSA IV Terms
      • Production Sharing
    • Signature Bonus
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) File
  • Economic analysis

In this report there are 25 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Farigh field location
  • Participation
    • Participation: Table 1
    • Participation: Table 2
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
    • Post Contract Production Profile (post-2045)
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
  • 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 PV Price Sensitivities
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