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17 Pages

Shah Gas Development


Shah Gas Development

Report summary

Shah is an onshore oil and gas field located about 200 kilometres south of Abu Dhabi city. Appraisal of the sour gas in the Jurassic reservoirs started in the late 1990s. In 2006 Abu Dhabi's national oil company, ADNOC, invited companies to bid for the Shah Gas Development. ConocoPhillips was initially selected in 2008 but the company withdrew in 2010. In January 2011, Occidental announced its participation in the project, and the joint venture agreement with ADNOC was ratified in March 2011. The gas is highly acidic. It contains 23%-30% hydrogen sulphide as well as high levels of carbon dioxide. Sulphur is granulated at Shah and transported by rail to a terminal at Ruwais on Abu Dhabi's Gulf coast. We assume a low sales gas price of between US$1.20 and US$1.50 per mcf. As a result, project value is driven by associated liquids (condensate and LPGs) and is sensitive to liquids prices and production.

What's included?

This report includes 2 file(s)

  • Shah Gas Development PDF - 509.22 KB 17 Pages, 15 Tables, 8 Figures
  • Shah Gas Development XLS - 611.50 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
  • Geology
    • Structure
    • Reservoir
    • Hydrocarbon quality
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
    • Key Development Metrics
    • Background information
    • Sulphur transportation
  • Infrastructure
    • Sales Gas
    • Condensate
    • LPG
    • Sulphur
  • Costs
    • Capital costs
  • Sales contracts
  • Fiscal and regulatory
    • Royalty
    • Income Tax
    • Capex and depreciation
    • Opex
  • Economic assumptions
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Gas price
    • Condensate price
    • NGL price
    • Sulphur price
    • Global Economic Model (GEM) File
  • Economic analysis

In this report there are 23 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Detail Map
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Sales contracts
    • Sales contracts: Table 1
  • Fiscal and regulatory
  • 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 PV Price Sensitivities
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