Asset Report
Foinaven Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Foinaven Area included the Foinaven and Foinaven East fields located 160 kilometres west of Shetland. Foinaven was the first field to receive development consent in the harsh conditions and deeper water of the UK Atlantic Margin. It was developed via two subsea production manifolds tied back to a leased FPSO, Petrojarl Foinaven. Production started in 1997.A second phase, Foinaven East, began in 2001. Infill drilling on the main field led to the exploitation of the Foinaven East ...
Table of contents
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Summary
- Cessation of production and decommissioning
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Key Issues
- Redevelopment remains an option, but looks increasingly unlikely
- Decommissioning timeline remains uncertain
- Wells
- Subsea
- FPSO
- Gas export
- Capital costs
- Decommissioning costs
- Cash flow
- Global Economic Model (GEM) file
- Foinaven
- Foinaven East
Tables and charts
This report includes the following images and tables:
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Pipeline summaryCapital Costs 2021 to 2026 (US$ million)Cash Flow (US$)
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PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesCash Flow (Local Currency)PV Table (Local Currency)Summary Table (Local Currency)
- 14 more item(s)...
What's included
This report contains:
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