Cash flow Analysis for Gas Field Development - CCOP
Cash flow Analysis for Gas Field Development - CCOP
Cash flow Analysis for Gas Field Development - CCOP
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<strong>Cash</strong> <strong>flow</strong> <strong>Analysis</strong><strong>for</strong><strong>Gas</strong> <strong>Field</strong> <strong>Development</strong>Anon PunnahitanonDepartment of Mineral FuelsThailand
<strong>Cash</strong> <strong>flow</strong> Modeling• Production Profile• Facilities• <strong>Gas</strong>/Condensate Price• Capex• Opex• Fiscal Terms
ExpectationUnderstand the concept of economic model of agas field development projectConstruct a cash <strong>flow</strong> of a gas field developmentproject from engineering dataDiscounted the cash <strong>flow</strong> and calculate netpresent value and internal rate of returnBe able to select a project based upon itsprofitability indicatorsEvaluate the project’s sensitivities to controllingparameters
Production ForecastPlateau rate% remaining at start of declineDecline rateCut-off rate
DeliverabilityMMscfdYear
Well DeliverabilityInitial rate5-20 MMscfdDecline rate30% - 40% per yearAbandonment rate0.5 MMscfd
<strong>Gas</strong> Production350300250MMscfd2001501005001 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28Year
Sale <strong>Gas</strong>Sale <strong>Gas</strong> = Reserves – Fuel –Flare – Processing LossReserves = Prospect reserves reachableby plat<strong>for</strong>m
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