Asset Report

NC29 and NC74 Fields

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The NC29 and NC74 blocks are located in Libya's Sirte Basin. Occidental made several oil discoveries within the blocks which were brought onstream between 1978 and 1986. Production peaked at 65,000 b/d in the mid-1980s. The fields are now mature, and production declined before shut-in in 2014 due to the civil war. We assume production from the NC29 fields ceased in 2008.Occidental signed an Exploration and Production Sharing Agreement (EPSA) for the NC29 block in September 1974. It was ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
    • NC74 Fields
    • NC29 Fields
  • Production
    • Redevelopment
    • Key development metrics
      • Wells
      • Facilities
  • Infrastructure
    • Capital Costs
    • Operating Costs
    • Current EPSA IV terms
      • Distribution of costs
    • Historical EPSA I contract terms
      • Initial Split of Production
      • Distribution of costs
      • Production sharing
    • Signature bonus
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) File
  • Economic analysis

Tables and charts

This report includes 27 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Detail Map
  • Participation: Table 1
  • Geology: Table 1
  • Well data: Table 1
  • Well data: Table 2
  • Exploration: Table 1
  • Exploration: Table 2
  • Production: Table 1
  • Production: Table 2
  • NC74 Production profile
  • NC29 Production Profile
  • Infrastructure: Table 1
  • Cash Flow
  • Economic analysis: Table 2
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
  • Remaining Present Value Price Sensitivities
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

What's included

This report contains:

  • Document

    NC29 and NC74 Fields

    PDF 5.72 MB