Asset Report
Oude
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oude is a large, heavy oil field in northeast Syria. Sinopec acquired the asset in 2008 and is the sole contractor and operator of the Oude Production Sharing Contract (PSC). Production has been constrained since 2011 because of the EU's oil embargo on Syrian crude and the ongoing conflict . Oude has the potential to become one of Syria's larger producing assets but it will be challenging to develop. Sinopec would need to accelerate development drilling, expand the thermal EOR programme and invest in a major facilities upgrade.
Table of contents
- Summary
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Key Issues
- Geological structure
- Reservoirs
- Historical development
- Future development
- Capital costs
- Operating Costs
- Cost Recovery
- Excess Cost Recovery
- Profit Petroleum
- Royalty
- Income Tax
- Signature Bonus
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Index mapDetail mapParticipation
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Table: Pipeline SummaryTable: Capital CostsTable: Operating CostsCash flow (US$ million)Cash flow PV (US$ million)Summary Table (US$)Chart: Split of RevenuesCumulative Net Cash Flow - UndiscountedRemaining Revenue Distribution (Discounted at 10% from 01/01/2026)
- 6 more item(s)...
What's included
This report contains:
