Asset Report
Tern Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Tern Area includes the Tern, Cladhan, Kestrel and Falcon fields. It lies in the Northern North Sea, 12 km west of Cormorant. The fields ceased production between August 2022 and April 2024. A major decommissioning project is now underway, with Allseas securing a contract for the removal of the Tern platform. Tern, the primary field, was developed using a single fixed steel jacket platform with topside facilities contained in eight modules. Kestrel and Cladhan were developed as subsea ...
Table of contents
- Summary
-
Key Issues
- Shift from production to decommissioning
- Allseas wins contract for Tern platform removal
-
Emissions
- North Sea Transition Deal
- Platform
- Late-life investment programme cancelled
- Development drilling
- Secondary recovery
- Satellite production
-
Capital costs
- Tern
- Kestrel
- Falcon
- Cladhan
- Decommissioning costs
-
Operating costs
- Emissions Trading Scheme (ETS)
- Tariff receipts
- Cash flow
- Global Economic Model (GEM) file
- Cash Flow
- Tern
- Cash flow (US$ million)
- Kestrel
- 5 more item(s)...
Tables and charts
This report includes the following images and tables:
-
Capital Costs 2021 to 2029 (US$ million)Cash Flow (US$)PV Table (US$)
-
Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesCash Flow (US$)PV Table (US$)Summary Table (US$)Split of Revenues
- 33 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Bonaparte (Petrel/Tern/Frigate)
Bonaparte (Petrel/Tern/Frigate) is a proposed development in the offshore Bonaparte Basin, around 260 kilometres west of Darwin.
$3,720
Asset Report
Xijiang Area
The Xijiang Area complex is located in the Pearl River Mouth Basin and comprises several mature oil fields.
$3,720
Asset Report
Beryl Area
The Beryl Area, located 335 kilometres north-east of Aberdeen, consists of ten fields: Beryl, Buckland, Callater, Corona, Garten, ...
$3,720
