Asset Report

NC115 El Sharara

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09 May 2018

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.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Unitisation
  • Geology
  • Well data
    • Early drilling
    • Rompetrol drilling
    • Repsol YPF drilling
    • Exploration Licence Extension
  • Reserves and resources
    • Pre-conflict production
    • Post-conflict production
    • Post-contract production
    • 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
    • Exploration Costs
    • Capital Costs
    • Operating Costs
    • Distribution of Costs
    • Cost Recovery
    • Production Sharing
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Licence Extension Agreement
    • Global Economic Model (GEM) File
  • Economic analysis

Tables and charts

This report includes 37 images and tables including:

  • Key facts: Table 1
  • Index Map
  • El Sharara Map
  • Participation: Table 1
  • Participation: Table 2
  • Geology: Table 1
  • Geology: Table 2
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Infrastructure: Table 1
  • 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 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining Present Value 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 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities
  • Exploration: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production Profile
  • Post Contract Production Profile (post-2032)
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Development: Table 1
  • Development: Table 2

What's included

This report contains:

  • Document

    NC115 El Sharara

    PDF 5.04 MB

  • Document

    NC115 El Sharara

    XLS 1003.00 KB

  • Document

    NC115 El Sharara

    ZIP 5.88 MB

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