Asset Report
Saturn Banks
Report summary
The Saturn Banks hub (formerly Core) is in the Southern Gas Basin, around 40 kilometres north of the Bacton terminal. It comprises six fields - Blythe, Elgood, Southwark (formerly Vulcan South), Nailsworth (formerly Vulcan Northwest), Elland (formerly Vulcan East) and Goddard (formerly Glein). The fields were discovered between 1966 and 2006. The operator, Independent Oil and Gas (IOG), initially planned to develop the project in two phases. Phase 1 included Elgood, Blythe and Southwark. A ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Future of Saturn Banks development in doubt as operator goes into administration
- Blythe back on production following difficult start
- Elgood field shut in following reserves downgrade
- Disappointing well results at Southwark leave field offline
- Key licences to be relinquished as UK regulator declines extension request
- Saturn Banks joint venture bids in 33rd licensing round
- Location maps
- Participation
- Geology
- Well data
-
Exploration
- Historical drilling
- Reserves and resources
-
Production
-
Emissions
- North Sea Transition Deal
-
Emissions
-
Development
- Key development metrics
- Infrastructure
-
Costs
- Operating costs
- Fiscal and regulatory
-
Economic assumptions
- Discount rate and date
- Gas price
- Carbon price
- Fiscal terms
- Exchange rate
- Global Economic Model (GEM) file
-
Economic analysis
- Cash flow
- Indicative technical valuations
Tables and charts
This report includes 26 images and tables including:
- Key facts: Table 1
- Index map
- Detail map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Infrastructure: Table 1
- Capital costs
- Decommissioning costs
- Development: Table 1
- Costs: Table 3
- Cash flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Cash flow (£ million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Economic analysis: Table 7
- Saturn Banks production profile
What's included
This report contains:
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