Asset report
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27 Pages

NC186 Fields


NC186 Fields

Report summary

NC186 is located in the Murzuk Basin, immediately to the northeast of Repsol's NC115 acreage. Repsol and its partners have made 12 discoveries on the block since 2000, seven of which have been deemed commercial. Development consent was granted for the NC186-A field in August 2002 and first oil was produced in October 2003. NC186-D was granted development consent in August 2003 and came onstream in June 2004. The partners received development approval for both the NC186-B and NC186-D fields in March 2006. Both NC115 and NC186 contracts were renegotiated and transferred to the EPSA IV model in July 2008. The NC186 exploration licence was extended for five years to 2013 and the development licence extended to 2032. A combined (NC115 and NC186) bonus of US$1 billion was paid to secure the licence extension and up to US$4 billion of capital expenditure was committed. Since 2011, civil unrest has disrupted IOCs' efforts to maintain production.

What's included?

This report includes 2 file(s)

  • NC186 Fields PDF - 544.01 KB 27 Pages, 21 Tables, 9 Figures
  • NC186 Fields XLS - 904.50 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
    • Commitments
    • Exploration Activity
      • First Exploration Period
      • Second Exploration Period
      • Exploration Licence Extension
  • Reserves and resources
  • Production
    • Pre-conflict production
    • Post-conflict production
    • Post-conflict production
  • Development
    • NC186-A and NC186-D fields
    • NC186-B and NC186-H fields
    • NC186-I field (part of the I / R field development)
    • NC186-J and NC186-K fields
    • 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 30 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • NC186 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
    • Exploration: Table 2
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
    • Post Contract Production Profile (post-2032)
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
  • 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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