Asset Report

EPSA South (En Naga)

Get this report

$1,700

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

16 January 2018

EPSA South (En Naga)

Report summary

The EPSA South contract area comprises two blocks - NC177 and Concession 72. International Petroleum Libya discovered the En Naga reservoirs within block NC177 in 1998. The field's development was approved by NOC in January 2000, and it was brought onstream in March 2003. En Naga oil is exported via the main Waha pipeline and sold as part of the Es Sider blend at the Es Sidrah Terminal on the Libyan coast. 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
    • NC177
    • Concession 72
    • Contract extension agreement
  • Geology
  • Well data
    • NC177
    • Concession 72
    • Petro-Canada Exploration
    • Contract Extension
  • Reserves and resources
    • Pre-conflict production
    • Incremental production
    • Phase I
    • Phase II
    • Key development metrics
      • Wells
      • Facilities
  • Infrastructure
    • Exploration Costs
    • Capital Costs
    • Operating Costs
    • Original EPSA III Licence
    • Initial Split of Production
    • Distribution of Costs
    • Production Sharing
      • Contractor's Share = "Base Factor" x "A Factor" x "Net Crude Oil"
    • Contract Extension
    • 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 29 images and tables including:

  • Key facts: Table 1
  • Index Map
  • NC177 - En Naga Map
  • Geology: Table 1
  • Well data: Table 1
  • Well data: Table 2
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • 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 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining Present Value Price Sensitivities
  • Participation: Table 1
  • Participation: Table 2
  • Exploration: Table 1
  • Exploration: Table 2
  • Production: Table 1
  • Production: Table 2
  • Production Profile
  • 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 (En Naga)

    PDF 4.33 MB

  • Document

    EPSA South (En Naga)

    XLS 892.50 KB

  • Document

    EPSA South (En Naga)

    ZIP 5.09 MB

Other reports you may be interested in

Browse reports by Industry Sector