Asset report
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13 Pages

Tornado (GC 280)

Tornado (GC 280)

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 ...

What's included?

This report includes 2 file(s)

  • Tornado (GC 280) PDF - 1.88 MB 13 Pages, 12 Tables, 8 Figures
  • Tornado (GC 280) XLS - 510.50 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
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Global Economic Model (GEM) file
  • Economic analysis

In this report there are 20 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Detail Map
  • Participation
    • Participation: Table 1
  • Geology
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • Cash flow
    • 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
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