Asset report

EPSA South (En Naga)

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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.

What's included

This report contains

  • Document

    EPSA South (En Naga)

    PDF 4.42 MB

  • Document

    EPSA South (En Naga)

    XLS 941.50 KB

  • Document

    EPSA South (En Naga)

    ZIP 5.23 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 30 images and tables including:

Images

  • Index Map
  • NC177 - En Naga Map
  • 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
  • Production Profile

Tables

  • Key facts: Table 1
  • 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
  • Participation: Table 1
  • Participation: Table 2
  • Exploration: Table 1
  • Exploration: Table 2
  • Production: Table 1
  • Production: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2

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