Asset report
| |
32 Pages

Zubair


Zubair

Report summary

Zubair was one of a handful of very large oil discoveries made around Basra, southern Iraq, in the late 1940s and early 1950s. In January 2010, the consortium of ENI, KOGAS and Occidental Petroleum signed a Technical Service Contract (TSC) to develop the Zubair field. By the end of 2013 the joint venture had raised production from 182,000 b/d in 2009 to 305,000 b/d. However, it reduced in 2014 because of issues relating to accessing water for reinjection. We expect production to increase again from 2015.

What's included?

This report includes 2 file(s)

  • Zubair PDF - 723.39 KB 32 Pages, 23 Tables, 21 Figures
  • Zubair XLS - 1014.50 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
    • Technical Service Contract (2009)
    • Post contract
    • Historical
  • Geology
    • Primary reservoirs: Zubair and Mishrif formations
    • Undeveloped reservoirs
  • Well data
  • Exploration
  • Reserves and resources
    • Oil
    • Gas
    • Condensate
  • Production
    • Oil
    • Gas
  • Development
    • Key Development Metrics
    • Pre - 2010
    • Technical Service Contract
    • Water Injection
  • Infrastructure
    • Oil
    • Gas
  • Costs
    • Capital costs
    • Operating costs
  • Sales contracts
    • Basrah Light
    • Basrah Heavy
  • Fiscal and regulatory
    • Signing bonus
    • Training fees
    • Service fees
    • Costs
    • Remuneration fees
    • Performance factor
    • Corporation tax
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Condensate
    • Global Economic Model (GEM) File
  • Economic analysis
    • Cash flow

In this report there are 44 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Zubair
  • Participation
    • Participation: Table 1
  • Geology
    • Geology: Table 1
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Zubair Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Sales contracts
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis
    • Zubair TSC 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
    • Economic analysis: Table 4
    • Economic analysis: Table 5
    • Economic analysis: Table 6
    • 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
    • Economic analysis: Table 7
    • Economic analysis: Table 8
    • Economic analysis: Table 9
    • 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
    • Economic analysis: Table 10
    • Economic analysis: Table 11
    • Economic analysis: Table 12
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.