Asset Report
Gbeibe
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Gbeibe is a large, sour, heavy oil field in northeast Syria. It was brought onstream in the late 1970s. In 2003, China National Oil and Gas Exploration and Development Corporation (CNODC), a subsidiary of CNPC, was awarded the development and production sharing agreement for the field. CNODC would be credited with incremental output produced above a determined baseline. Following the outbreak of the civil war in 2011, several oil fields in the area were seized by armed opposition groups. It is unclear how much damage has been done to the assets and infrastructure. We assume Gbeibe has not produced during this period.
Table of contents
- Summary
-
Key Issues
- Geological framework
- Reservoir characteristics
- Oil quality
- Historical development
-
Future development
- Capital costs
- Operating costs
- Cost Recovery
- Excess Cost Recovery
- Profit Petroleum
- Royalty
- Income Tax
- Cash flow
- Gas Entitlement
- Cash flow
Tables and charts
This report includes the following images and tables:
-
Index mapDetail mapParticipation
-
Table: Pipeline SummaryCash flow (US$ million)Cash flow PV (US$ million)Summary Table (US$)Chart: Split of RevenuesCumulative Net Cash Flow - UndiscountedRemaining Revenue Distribution (Discounted at 10% from 01/01/2026)Chart: Remaining PV Price SensitivitiesTable: Well Data
- 5 more item(s)...
What's included
This report contains:
