Asset report
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24 Pages

Soroosh-Nowruz


Soroosh-Nowruz

Report summary

The Soroosh (formerly Cyrus) and Nowruz oil fields are located in shallow waters in the northern Persian Gulf, 83 kilometres west of Kharg Island. The fields were brought onstream in 1967 but were shut-in following the outbreak of the Iran-Iraq war in the 1980s. In 1995, the National Iranian Oil Company (NIOC) offered the renovation and upgrading of the fields to foreign oil companies, under a buy-back contract. A buy-back contract for the redevelopment project was awarded to Shell, in ...

What's included?

This report includes 2 file(s)

  • Soroosh-Nowruz PDF - 705.50 KB 24 Pages, 19 Tables, 12 Figures
  • Soroosh-Nowruz XLS - 809.50 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
    • Soroosh IPC and Nowruz IPC
  • Location maps
  • Participation
    • Historical
  • Geology
    • Soroosh
      • Field structure
      • Reservoirs
    • Nowruz
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
    • Soroosh
      • Early production scheme
      • Floating storage unit
      • Permanent facilities
    • Nowruz
    • Proposed Soroosh and Nowruz further development (2017-2018)
  • Infrastructure
  • Costs
    • Capital Costs
      • Buy-back Costs
      • NIOC Costs
    • Operating Costs
  • Sales contracts
  • Fiscal and regulatory
    • Concession Terms
      • Government Priority Production
      • Income Tax
      • Capital and Operating Costs
      • Depreciation
    • Buy-back Contract Terms
      • Cost Recovery
      • Profit Petroleum/Remuneration Fee
      • Income Tax
      • Royalty
      • Bonuses
      • Entitlement
    • Iran Petroleum Contract
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) File
  • Economic analysis
    • Cash flow
      • Soroosh-Nowruz (NIOC cash flow)
      • Soroosh-Nowruz (Buy-back cash flow)
    • Indicative technical valuations

In this report there are 31 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Soroosh-Nowruz Map
  • Participation
    • Participation: Table 1
  • Geology
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • NIOC Production Profile
    • Buy-back Pay Back Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Sales contracts
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • Economic analysis: Table 1
    • 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
    • Economic analysis: Table 4
    • Economic analysis: Table 5
    • Economic analysis: Table 6
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
    • Economic analysis: Table 7
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