Asset report
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29 Pages

Miran and Bina Bawi


Miran and Bina Bawi

Report summary

Miran and Bina Bawi are oil and gas fields located in the Zagros Foldbelt in Kurdistan. Both fields are to be operated by Genel Energy. Once the field development plan (FDP) has been approved and partners found for the midstream and upstream developments, they are expected to be the first gas export projects in the region. We assume first gas exports to Turkey in 2022, with exports ramping up to 820 mmcfd by 2025. As well as gas, the fields contain oil and condensate resources. Both fields' crude production was brought onstream in 2013 via two extended well tests. Amended fiscal terms were finalised in February 2017, with the Miran PSC and Bina Bawi PSC being combined into a single licence. All gas processing facilities will be funded by a new midstream company that will operate under a build, own, operate, transfer contract.

What's included?

This report includes 2 file(s)

  • Miran and Bina Bawi PDF - 712.43 KB 29 Pages, 25 Tables, 13 Figures
  • Miran and Bina Bawi XLS - 1.06 MB

Description

Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Upstream
    • Midstream
    • Historical
      • Miran
      • Bina Bawi
  • Geology
    • Miran
    • Bina Bawi
  • Well data
  • Exploration
  • Reserves and resources
    • Gas and condensate
    • Oil
  • Production
    • Gas and condensate
    • Oil
  • Development
    • Key Development Metrics
  • Infrastructure
    • Gas
    • Oil and condensate
  • Costs
    • Exploration costs
      • Miran
      • Bina Bawi
    • Capital costs
      • Upstream Capital Costs
    • Operating costs
      • Raw Gas Tariff
  • Sales contracts
    • Oil
    • Gas
  • Fiscal and regulatory
    • Signature Bonus
    • Royalty
    • Cost Recovery
    • Profit Oil / Condensate
    • Profit Gas
    • Bonus Payments
    • Capacity Building Payments (Genel Energy)
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Condensate Price
    • Gas Price
      • Upstream
      • Midstream
    • Global Economic Model (GEM) File
  • Economic analysis
    • Cash flow
      • Upstream cash flow
      • Midstream cash flow

In this report there are 38 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Detail Map
  • Participation
    • Participation: Table 1
    • Participation: Table 2
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Midstream Capital Costs
    • Costs: Table 5
    • Costs: Table 6
    • Costs: Table 7
  • Sales contracts
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
  • Economic assumptions
  • Economic analysis
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
    • Economic analysis: Table 4
    • Economic analysis: Table 5
    • Economic analysis: Table 6
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Remaining Revenue Distribution (Discounted at 10% from 01/01/2017)
    • Remaining PV Price Sensitivities
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