Asset Report
EPSA West (Ghani/Ed Dib)
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Report summary
The EPSA West contract area - previously known as Concession 11 - is located in the Sirte Basin. The block consists of a number of fields of which Ghani, Zenad, Facha and Ed Dib are the largest. The fields have been in production since the 1980s, initially peaking in 1980 at 43,700 b/d. Production quickly declined, and smaller satellite tie-ins were required to maintain production through the 1990s. Since 2000, Petro-Canada embarked on a programme of development drilling, intervention and water injection. 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.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
-
Geology
- Ghani
- Jofra
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
-
Historical development
- Jofra area
- Ghani area
- Current development
-
Historical development
- Infrastructure
-
Costs
- Capital costs
- Operating costs
-
Fiscal and regulatory
-
EPSA IV terms
- Production sharing
- Signature bonus
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Tax/Royalty terms
- Royalty
- Depreciation
- Profit margin
- Tax
-
EPSA IV terms
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 35 images and tables including:
- Key facts: Table 1
- Index map
- EPSA West map
- Participation: Table 1
- Participation: Table 2
- Well data: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production profile
- Production profile (post-contract)
- Infrastructure: Table 1
- Cash Flow
- Economic analysis: Table 2
- 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
- Post-contract cash flow
- Economic analysis: Table 4
- Economic analysis: Table 5
- 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 PV Price Sensitivities
- Geology: Table 1
- 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:
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