Asset Report
Verdande Area
Report summary
The Verdande Area is comprised of the Verdande (previously Cape Vulture) and Alve Nord Ost oil and gas discoveries. They are seven kilometres north of the Norne development in the Norwegian Sea. Verdande was discovered in 2017 in what is thought to be a new play in the Nordland Ridge area. Alve Nord Ost was discovered in 2020. The discoveries have been unitised across the PL128, P128D and PL127C licences.The plan of development and operation was submitted in December 2022. The two fields ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Verdande Area qualifies for Norway's temporary fiscal terms
- Appraisal and unitisation reserve changes
- Location maps
- Participation
- Geology
- Well data
-
Exploration
- Future drilling
- Historical drilling
- Reserves and resources
- Production
-
Development
- Key development metrics
-
Infrastructure
- Oil
- Gas
-
Costs
- Operating costs
- Sales contracts
- Fiscal and regulatory
-
Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
-
Economic analysis
- Cash flow
Tables and charts
This report includes 23 images and tables including:
- Key facts: Table 1
- Index map
- Verdande and Alve Nord Ost map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Verdande production profile
- Infrastructure: Table 1
- Capital costs
- Decommissioning costs
- Costs: Table 3
- 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 Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Cash flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
What's included
This report contains:
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