Asset report
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26 Pages

NC115 El Sharara


NC115 El Sharara

Report summary

The El Sharara development comprises twelve fields within the NC115 block in the Murzuk Basin. The development is in southwest Libya, 700 kilometres south of Tripoli. Half of the fields were discovered by Rompetrol in the mid-1980s under an EPSA II contract. Due to a lack of finance to progress the development, Rompetrol sold its interest to Repsol in 1992 for US$65 million. OMV joined Repsol in late 1992, followed by Total in 1993 and an agreement to develop the field was signed on 6 December 1994. In order for the development of El Sharara to proceed, the partners had to finance the first export pipeline from the Murzuk Basin. Its construction paved the way for further exploration and development in the basin. Both NC115 and NC186 contracts were renegotiated and transferred to the EPSA IV model in July 2008. Since 2011, civil unrest has disrupted IOCs' efforts to maintain production.

What's included?

This report includes 2 file(s)

  • NC115 El Sharara PDF - 543.17 KB 26 Pages, 20 Tables, 9 Figures
  • NC115 El Sharara XLS - 858.50 KB

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
    • Unitisation
  • Geology
  • Well data
  • Exploration
    • Early drilling
    • Rompetrol drilling
    • Repsol YPF drilling
    • Exploration Licence Extension
  • Reserves and resources
  • Production
    • Pre-conflict production
    • Post-conflict production
    • Post-contract production
  • Development
    • Initial development
    • Phase 1 development
    • Phase 2 development
    • Secondary recovery scheme
    • Recent development
    • El Sharara R field (I/R development)
    • Key future development metrics
      • Wells
      • Facilities
  • Infrastructure
  • Costs
    • Exploration Costs
    • Capital Costs
    • Operating Costs
  • Fiscal and regulatory
    • Distribution of Costs
    • Cost Recovery
    • Production Sharing
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Licence Extension Agreement
    • Global Economic Model (GEM) File
  • Economic analysis

In this report there are 29 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • El Sharara Map
  • Participation
    • Participation: Table 1
    • Participation: Table 2
  • Geology
    • Geology: Table 1
    • Geology: Table 2
  • Well data
    • Well data: Table 1
  • Exploration
    • Exploration: Table 1
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
    • Post Contract Production Profile (post-2032)
  • Development
    • Development: Table 1
    • Development: Table 2
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • Cash Flow
    • 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 Present Value Price Sensitivities
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