Asset Report

Tornado (GC 280)

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Report summary

Tornado (GC 280) is an oil discovery in the Green Canyon protraction area of the Central Gulf of Mexico. The field was discovered by Talos Energy (50% and operator) in February 2016 and developed as a tieback to the Phoenix Floating Production Unit (FPU) located approximately 4.5 kilometres (2.8 miles) north of the field. Production from Tornado began in November 2016. Tornado was sanctioned in February 2016 during a period of depressed commodity prices, speaking to the positive economics and low breakevens of subsea tie-backs in mature plays. We currently estimate the field has a point forward development breakeven of Brent US$13.19/bbl. We believe that the short cycle time and reduced cost structure is driven by integration of exploration, appraisal and development, utilisation of standardised equipment, connection to existing infrastructure via subsea tie-back, and completion of the exploration well for production. We currently model a field life of 14 years based on the ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
  • Fiscal and regulatory
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 20 images and tables including:

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Infrastructure: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3

Images

  • Index Map
  • Detail Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities

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