Reportlinker Adds Junin 5, Venezuela, Commercial Asset Valuation and Forecast to 2052
NEW YORK, Oct. 26 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Junin 5, Venezuela, Commercial Asset Valuation and Forecast to 2052
Junin 5, Venezuela, Commercial Asset Valuation and Forecast to 2052
Summary
Junin 5 is located in the Orinoco heavy oil belt of Venezuela. It is an onshore heavy oil field, located 550km south-east of Caracas. The total area is 425 square km. Production from this block is expected to start by 2013 and a new oil refinery will be built at Jose.
The development right for Junin 5 was awarded to a joint venture company (Empresa Mixta) in January 2010. Petroleos de Venezuela S.A. (PDVSA) holds 60% equity stake and ENI S.p.A holds the remaining equity in the joint venture company.
Junin 5 is expected to produce extra heavy crude with 8° APl. The produced crude will be subjected to an extra heavy oil upgrader to produce synthetic crude with 32° API. Under this project, a new refinery at Jose will be built for which crude supply will come from the adjoining fields.
The total oil in place in Junin 5 is 35 billion barrels, of this 2.5 billion barrels are recoverable. The production will commence in the year 2013 and is expected to reach peak production by 2016.
Junin 5 block is expected to produce for about 40 years, ending its productive life by 2052. GlobalData estimates that Junin 5 will generate $284.82 billion in gross revenues during its useful life of 40 years and is expected to yield an IRR of around 26.4%.
Scope
- Highlights the contribution of Latin America and Africa to major offshore oil & gas discoveries during the period 2007-2010
- Analyses the major offshore discoveries in Latin America and Africa
- Provides information on the major companies involved in the offshore oil and gas discoveries in these two regions and the competitive landscape
- Highlights how Latin America and Africa are emerging as major oil and gas producing regions.
Reasons to buy
- Evaluate the potential of Latin America and Africa as major regions for offshore oil and gas production
- Compare the roles of national oil companies vis-a-vis international oil companies in developing offshore oil and gas resources in these regions
- Understand the challenges involved in developing offshore oil and gas resources in Latin America and Africa
1 Table of Contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Junin 5, Venezuela, Introduction 4
3 Junin 5, Venezuela, Geology and Formations 6
4 Junin 5, Venezuela, Equity Partners 7
5 Junin 5, Venezuela, Crude Oil Reserves 8
6 Junin 5, Venezuela, Key Fiscal Terms 9
6.1 Royalty 9
6.2 Bonuses 9
6.3 Cost Recovery and Profit Sharing 9
6.4 Taxation 9
6.5 Tax Superficial 9
6.6 Consumption Tax Own 9
6.7 Extraction Tax 9
6.8 Export Registration Tax 9
6.9 Alternative Minimum Tax 9
6.10 Deductions and Depreciation 9
6.11 Withholding Tax 9
7 Junin 5, Venezuela, Infrastructure 10
7.1 Upstream Infrastructure 10
7.2 Midstream Infrastructure 10
7.3 Downstream Infrastructure 10
8 Junin 5, Venezuela, Development Plan, Investment and Expenditure 10
9 Junin 5, Venezuela, Production 11
10 Junin 5, Venezuela, Economics 13
10.1 Junin 5, Venezuela, Economic Assumptions 13
10.1.1 Forecast Commodity Prices 13
10.1.2 Inflation 13
10.1.3 Discount Rate and Representation of Cash Flows 13
10.1.4 Sensitivity 13
10.1.5 Access to the Economic Model 13
10.2 Junin 5, Venezuela, Cash Flow Analysis 14
10.3 Junin 5, Venezuela, Remaining PV Sensitivity Analysis 15
10.3.1 Remaining NPV Sensitivity to Discount Rates 15
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 16
10.3.3 Remaining NPV Sensitivity to Corporate Income Tax and Production Rate 17
11 Junin 5, Venezuela, Summary Cash Flows 18
11.1 Junin 5, Venezuela, Front End Load Due To Fiscal Policy 20
11.2 Junin 5, Venezuela, Tax Liabilty 22
12 Appendix 24
12.1 Methodology 24
12.2 Coverage 24
12.3 Secondary Research 24
12.4 Primary Research 24
12.5 E&P Forecasts 24
12.6 Capital Costs 25
12.7 Exploration and Appraisal (E&A) Costs 25
12.8 Operating Costs 25
12.9 Expert Panel Validation 25
12.10 Disclaimer 26
12.11 Contact us 26
1.1 List of Tables
Table 1: Junin 5, Venezuela, Key Asset Data, 2010 4
Table 2: Junin 5, Venezuela, Extra Heavy Oil Production Forecast, 2013-2052 12
Table 3: Junin 5, Venezuela, Commodity Price Assumptions, 2013-2052 13
Table 4: Junin 5, Venezuela, Project Analysis Metrics, 2010 14
Table 5: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Discount Rate Change Vs. Commodity Price Change, $bn, 2010 15
Table 6: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Commodity Price Change Vs. Production Change, $bn, 2010 16
Table 7: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Corporate Income Tax Rate Vs. Production Change, $bn, 2010 17
Table 8: Junin 5, Venezuela, Asset Summary Cash Flows, $`000, 2010-2052 18
Table 9: Junin 5, Venezuela, Front End Load, $`000, 2013-2052 20
Table 10: Junin 5, Venezuela, Tax Liability Estimations, $`000, 2013-2052 22
1.2 List of Figures
Figure 1: Junin 5, Venezuela, Location Map 5
Figure 2: Junin 5, Venezuela, Junin Fields In Junin Block 5
Figure 3: Junin 5, Venezuela, Orinoco Heavy Oil Belt 6
Figure 4: Junin 5, Venezuela, Schematic Cross Section of East Venezuela Basin 7
Figure 5: Junin 5, Venezuela, Current Equity Details, 2010 7
Figure 6: Junin 5, Venezuela, Development Plan 10
Figure 7: Junin 5, Venezuela, Extra Heavy Oil Production Forecast, 2013-2052 11
Figure 8: Junin 5, Venezuela, Gross Revenue versus Tax Cash Flow Analysis, 2010-2052 14
Figure 9: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Discount Rate Vs. Commodity Price Change, $bn, 2010 15
Figure 10: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Commodity Price Change Vs. Production Change, $bn, 2010 16
Figure 11: Junin 5, Venezuela, Remaining PV Sensitivity Analysis Over Corporate Income Tax Rate Vs. Production Change, $bn, 2010 17
Companies mentioned
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