Asset Report

EPSA South East (Farigh)

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14 June 2019

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.

Table of contents

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

Tables and charts

This report includes 26 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Farigh field location
  • Participation: Table 1
  • Participation: Table 2
  • Well data: Table 1
  • Exploration: Table 1
  • Reserves and resources: Table 1
  • Infrastructure: Table 1
  • 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 01/01/2020
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2020)
  • Remaining PV Price Sensitivities
  • Production: Table 1
  • Production: Table 2
  • Production Profile
  • Post Contract Production Profile (post-2045)
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

What's included

This report contains:

  • Document

    EPSA South East (Farigh)

    PDF 4.60 MB

  • Document

    EPSA South East (Farigh)

    XLS 433.50 KB

  • Document

    EPSA South East (Farigh)

    ZIP 4.54 MB

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