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9 Pages

World class consortium to take on Brazil's Libra opportunity


World class consortium to take on Brazil's Libra opportunity

Report summary

A consortium consisting of Petrobras (40%), Shell (20%), Total (20%), CNPC (10%) and CNOOC Ltd (10%) has won the licence to develop Brazil's giant pre-salt Libra field. Just one bid at the minimum Profit Oil of 41.65% was enough to win.

What's included?

This report includes 3 file(s)

  • World class consortium to take on Brazil's Libra opportunity PDF - 587.11 KB 9 Pages, 1 Tables, 7 Figures
  • World class consortium to take on Brazils Libra opportunity.xls XLS - 317.00 KB
  • New multiclient study about Brazils natural gas market.pdf PDF - 1.08 MB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Five company consortium picks up Libra with minimum bid
    • A world-class opportunity for the winners…
    • … and a somewhat satisfactory result for the government
  • Attractive full-cycle economics
  • A challenging development
  • An impressive consortium has been assembled
  • Development risks and uncertainties drove limited interest
  • Future pre-salt bidding
  • Appendix
    • Licensing round terms
    • Modelling assumptions

In this report there are 8 tables or charts, including:

  • Five company consortium picks up Libra with minimum bid
    • Base case Libra capital expenditure and production
  • Attractive full-cycle economics
    • Valuation under different reserve scenarios
    • Sensitivity Analysis
  • A challenging development
    • Libra and the pre-salt Santos Cluster area
    • Base case Libra cumulative full cycle cash flow
    • Impact of project delay
  • An impressive consortium has been assembled
  • Development risks and uncertainties drove limited interest
  • Future pre-salt bidding
    • Benchmarking Brazil PSC (Libra) in different deepwater regimes
  • Appendix
    • World class consortium to take on Brazil's Libra opportunity: Table 1
Requester's name : .............
Department : .............
Authoriser's Name : .............
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Date : .............
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