Asset Report
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. Soroosh is Iran's largest offshore oil field. The Soroosh field was brought onstream in 1967 and the Nowruz field in 1971 but both 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 ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Soroosh IPC and Nowruz IPC
- Location maps
-
Participation
- Historical
-
Geology
-
Soroosh
- Field structure
- Reservoirs
- Nowruz
-
Soroosh
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
-
Soroosh
- Permanent facilities
-
Nowruz
- Floating storage unit
-
Soroosh
- Infrastructure
-
Costs
-
Capital costs
- Buy-back costs
- NIOC costs
- Buy-back capital costs
- NIOC capital costs
- Operating costs
-
Capital costs
- Sales contracts
-
Fiscal and regulatory
-
Buy-back contract
- Cost recovery
- Profit petroleum/Remuneration fee
- Income tax
- Royalty
- Bonuses
-
NIOC contract
- Government Priority Production
- Income tax
- Capital and operating costs
- Depreciation
-
Buy-back contract
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Global Economic Model (GEM) file
-
Economic analysis
-
Cash flow
- NIOC cash flow
- Buy-back cash flow
-
Cash flow
Tables and charts
This report includes 30 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
- Production: Table 2
- NIOC Production Profile
- Infrastructure: Table 1
- Geology: Table 1
- Costs: Table 4
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- 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 01/01/2023
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
- 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 01/01/2023
What's included
This report contains:
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