Asset Report
Tern Area
Report summary
The Tern Area includes the Tern, Cladhan, Kestrel and Falcon fields. It is located in the Northern North Sea, approximately 12 kilometres west of the Cormorant field.Tern was developed using a single fixed platform and 22 wells. The other three fields are all subsea tie-backs. Kestrel and Cladhan are tied back to Tern, while Falcon is tied back to Kestrel. Kestrel was developed with two subsea wells. Falcon was developed by re-completing the appraisal well as a producer. Falcon was ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
-
Development
- Platform Details
- Development Drilling
- Secondary Recovery
- Satellite Production
- Infrastructure
-
Costs
-
Capital costs
- Tern
- Kestrel
- Falcon
- Cladhan
-
Operating costs
- Emissions Trading Scheme (ETS)
- Tariff receipts
-
Capital costs
- Fiscal and regulatory
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 29 images and tables including:
- Key facts: Table 1
- Index map
- Tern map
- Participation: Table 1
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production profile
- Infrastructure: Table 1
- Development: Table 1
- 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 Present Value Price Sensitivities
- Cash flow (£ million)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Decommissioning costs
- Costs: Table 6
- Costs: Table 7
What's included
This report contains:
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