| Amal Field - Block NC12 (area 90/91) is located in the | | | | (undiscounted, starting January 2010). |
| eastern part of the Sirte basin and is around 50km | | | | Scope |
| north of the Augila oasis in Libya. The latitude and the | | | | - The report provides detailed information on oil and |
| longitude of the field are 29° 25' 0 N and 21° 10' 0 | | | | gas production, infrastructure, reserves, geology, |
| E. Amal is an onshore field that extends to more than | | | | operator and equity partners and the latest fiscal |
| 100,000 acres. The field includes eight different | | | | terms applicable to the asset and provides its fair |
| reservoirs and is at a depth ranging from 2,300 to | | | | value (Remaining Net Present Value) based on |
| 12,000 feet below the surface. PetroCanada (now | | | | remaining reserves, forecast production, capital and |
| Suncor Energy, August 2009) is the operator of the | | | | operational costs, fiscal regime and commodity prices. |
| field. The field produces around one-third of Libya's | | | | - The report also provides additional valuation |
| total oil production. | | | | parameters like Internal Rate of Return (IRR), |
| The field is owned by Harouge Oil Operations | | | | Profitability Index (PI), Pay Back (discounted and |
| (previously Veba Oil Operations) that is a joint | | | | undiscounted), Entitlement Production (EP) and |
| venture between National Oil Corporation (NOC), | | | | Working Interest (WI) to enhance your decision |
| Libya and Petro-Canada. Both the partners have an | | | | making process. |
| equal stake of 50% in the venture. Petro-Canada | | | | - This report provides detailed sensitivity analysis of |
| entered into agreement in 2007 with NOC for the | | | | the remaining NPV with changes in the commodity |
| redevelopment of the field that included pipeline and | | | | prices, discount rate, production and key fiscal terms. |
| facility upgrades, development drilling and other | | | | - Detailed cash flows over the life of the asset are |
| expansion. | | | | included in the report. These cash flows cover a wide |
| The oil produced at the field has an API ranging | | | | range of calculations related to various payments to |
| between 36° to 38°and has a high wax content. | | | | the government/licensing authority. |
| The sulfur content in the oil is estimated to be | | | | - Interactive Excel models can be used to derive |
| around 0.45%. | | | | custom valuations, sensitivities and cash flows based |
| The field had estimated recoverable reserves of | | | | on the specific inputs by the user in the model. |
| approximately 4.2 billion barrels when it was | | | | These custom inputs vary from production data, |
| discovered in 1959. The estimated remaining reserves | | | | cost information, price information and fiscal terms |
| of the field in 2010 are estimated to be around 57.44 | | | | information. |
| million barrels. The current production of oil from the | | | | Reasons to buy |
| field is around 9.36 million barrels. The oil production | | | | - Make well informed investment decisions based on |
| from the field is likely to decline at a natural rate of | | | | detailed operational analysis and cash flow forecasts |
| 7-8% annually. | | | | - Estimate the fair value of your future investment |
| The life of the field after redevelopment (2007) is | | | | under different economic and fiscal conditions |
| expected to be around 10-11 years with complete | | | | - Value a prospective investment target through a |
| abandonment by 2017. During its remaining life the | | | | comprehensive analysis using focused forecasting and |
| field is expected to generate revenues of $4.62 billion | | | | valuation methodologies. |