Dallas, TX -- (SBWire) -- 09/14/2010 -- ReportsandReports announce it will carry Montara Development Project, Australia, Commercial Asset Valuation and Forecast to 2022 Market Research Report in its Store.

Browse complete Report on: http://www.reportsandreports.com/market-reports/statfjord-field-norway-commercial-asset-valuation-and-forecast-/

The Montara development project is located in the southern Timor Sea under the purview of the Australia’s Northern Territory. It is situated approximately 650km west of Darwin in the Vulcan Sub-Basin region of Bonaparte Basin. It comprises four different oil fields at Montara, Skua, and Swift and Swallow oil fields. Montara oil field lies in the license area AC/L7 where as Skua, Swift and Swallow oil field lies in the license area AC/L8. The Skua oil field is located 23km north west of the Montara oil field whereas the Swift and the Swallow oil field is located at 17km north west of Montara oil field.

The Montara development project is 100% owned by PTTEP Australasia Pty Ltd (PTTEP AA), a subsidiary of PTT Exploration and Production Public Limited Company (PTTEP), Thailand. Coogee Resources Limited started the first phase of development of the project in 2008 but subsequently, it was acquired by PTTEP AA in February 2009. PTTEP AA has been developing the infrastructure of this oil-based asset since then.

The Montara development project constitutes the Montara oil and gas field and three other subsea development fields which have reservoirs of crude oil as commercial and saleable products. The gas produced from the project will be used for injecting into the reservoir to maintain pressure. The crude oil quality varies across the oil fields in terms of sulfur content and specific gravity of oil measured in American Petroleum Institute (API) values. The oil is light, low sulfur crude oil having a specific gravity ranging from 35.5° to 45.5°.

The Montara development project is estimated to have 37 million barrels of proved plus probable (2P) reserves of crude oil during its expected life of 12 years. The project is developed under two phases with a peak production capacity of 35,000 barrels per day (bpd) and there will be ten production wells and one gas injection well drilled during the two phases.

The project life of Montara development project is expected to be around 12 years with complete abandonment during 2022. The field is expected to generate $3.2 billion in revenues (undiscounted) during its entire life and is expected to yield an IRR of around 18.7%.

Scope
•The report provides detailed information on oil and gas production, infrastructure, reserves, geology, operator and equity partners and the latest fiscal terms applicable to the asset and provides its fair value (Remaining Net Present Value) based on remaining reserves, forecast production, capital and operational costs, fiscal regime and commodity prices.

• The report also provides additional valuation parameters like Internal Rate of Return (IRR), Profitability Index (PI), Pay Back (discounted and undiscounted), Entitlement Production (EP) and Working Interest (WI) to enhance your decision making process.

• This report provides detailed sensitivity analysis of the remaining NPV with changes in the commodity prices, discount rate, production and key fiscal terms.

• Detailed cash flows over the life of the asset are included in the report. These cash flows cover a wide range of calculations related to various payments to the government/licensing authority.

• Interactive Excel models can be used to derive custom valuations, sensitivities and cash flows based on the specific inputs by the user in the model. These custom inputs vary from production data, cost information, price information and fiscal terms information.
Reasons to buy

• Make well informed investment decisions based on detailed operational analysis and cash flow forecasts

• Estimate the fair value of your future investment under different economic and fiscal conditions

• Value a prospective investment target through a comprehensive analysis using focused forecasting and valuation methodologies.

• Supporting interactive excel model will enhance your decision making capability in a more rapid and time sensitive manner

• Evaluate how the changes in the country’s fiscal policies impact the cash flows and the present value of the asset
Table of contents

1.1 List of Tables 4
1.2 List of Figures 4

2 Montara Development Project, Australia, Introduction 5

3 Montara Development Project, Australia, Geology and Formation 6

4 Montara Development Project, Australia, Equity Partners 9

5 Montara Development Project, Australia, Crude Oil Reserves 9

6 Montara Development Project, Australia, Key Fiscal Terms 11
6.1 Governing Law 11
6.2 Royalty 11
6.3 Fees 11
6.4 Petroleum Resource Rent Tax 11
6.5 Taxation 11
6.6 Deductions and Depreciation 11
6.7 Withholding Tax 12
6.8 Ring Fence 12

7 Montara Development Project, Australia, Infrastructure 13
7.1 Infrastructure Facilities 13
7.1.1 Production and Drilling Facilities 13
7.1.2 FPSO Montara Venture 13
7.1.3 Subsea System 14

8 Montara Development Project, Australia, Development Plan, Investment and Expenditure 15
8.1 Development Phase One (2008-2011) 15
8.2 Development Phase Two (2011-2012) 16
9 Montara Development Project Australia, Light Sweet Crude Oil Production 17

10 Montara Development Project, Australia, Field Economics 18
10.1 Montara Development Project, Economic Assumptions 18
10.1.1 Forecast Commodity Prices 18
10.1.2 Inflation 18
10.1.3 Discount Rate and Representation of Cash Flows 18
10.1.4 Sensitivity 18
10.1.5 Access to the Economic Model 18
10.2 Montara Development Project, Cash Flow Analysis 19
10.3 Montara Development Project, Australia, Remaining PV Sensitivity Analysis 20
10.3.1 Remaining NPV Sensitivity to Discount Rates 20
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 21
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 22

11 Montara Development Project, Australia, Summary Cash Flows 23
11.1 Montara Development Project, Australia, Front End Load Due To Fiscal Policy 23
11.2 Montara Development Project, Australia, Tax Liability 24

12 Appendix 25
12.1 Methodology 25
12.2 Coverage 25
12.3 Secondary Research 25
12.4 Primary Research 25
12.5 E&P Forecasts 26
12.6 Capital Costs 26
12.7 Exploration and Appraisal (E&A) Costs 26
12.8 Operating Costs 26
12.9 Expert Panel Validation 27
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

1.1 List of Tables

Table 1: Montara Development Project, Australia, Key Asset Data, 2010 5
Table 2: Montara Development Project, Australia, Chronology of Events, 2010 9
Table 3: Montara Development Project, Australia, Field Reserves, 2010 10
Table 4: Montara Development Project, Australia, Forecast Production, Thousand Barrels, 2011-2022 17
Table 5: Montara Development Project Australia, Commodity Price Assumptions, 2011-2022 18
Table 6: Montara Development Project Australia, Australia, Project Analysis Metrics, 2010 19
Table 7: Montara Development Project, Australia, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, Million Dollars, 2010 20
Table 8: Montara Development Project, Australia, Remaining PV Sensitivity Analysis over Commodity Price Change Vs Production Rate, Million Dollars, 2010 21
Table 9: Montara Development Project, Australia, Remaining NPV Sensitivity Analysis at 10% Discount Rate over Income Tax Change Vs Production Rate, Million Dollars , 2010 22
Table 10: Montara Development Project Australia Ltd, Australia, Asset Summary Cash Flows, Thousand USD, 2008-2022 23
Table 11: Montara Development Project, Australia, Front End Load, Thousand USD, 2008-2022 23
Table 12: Montara Development Project, Australia, Tax Liability Estimations, Thousands USD, 2008-2022 24

1.2 List of Figures

Figure 1: Montara Development Project, Australia, Location Map, 2010 6
Figure 2: Montara Development Project, Australia, Illustrative Diagram of Geology and Formations , 2010 7
Figure 3: Montara Development Project, Australia, Illustrative Diagram of Stratigraphy of the Vulcan Sub-Basin 8
Figure 4: Montara Development Project, Australia, Applicable Fees, 2010 11
Figure 5: Montara Development Project, Australia, Infrastructure Map, 2010 13
Figure 6: Montara Development Project, Australia, Field Development Plan , 2010 15
Figure 7: Montara Development Project Australia, Australia, Production Forecast, 2011-2022 17
Figure 8: Montara Development Project, Australia, Gross Revenue Versus Post Tax Cash Flows , Million Dollars, 2008-2022 19
Figure 9: Montara Development Project, Australia, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, Million Dollars, 2010 20
Figure 10: Montara Development Project, Australia, Remaining PV Sensitivity Analysis over Change in Production Vs. Commodity Price Change, Million Dollars , 2010 21
Figure 11: Montara Development Project, Australia, Remaining PV Sensitivity Analysis Over Income Tax Change Vs. Production Rate, Million Dollars, 2010 22
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