Petroleum of burak field PRESENTATION.pptx

The Burak Field is a significant petroleum reservoir located [insert location details], discovered in [insert year], and operated by [insert operating company]. This field is known for its [describe type, e.g., sandstone or carbonate] reservoirs, which contain substantial hydrocarbon deposits. The geological formation features [briefly describe geological characteristics like depth, porosity, permeability, and any unique attributes]. Production techniques in the Burak Field include [mention production methods such as primary recovery, water flooding, or Enhanced Oil Recovery (EOR) methods like polymer flooding, gas injection, etc.], aimed at maximizing oil extraction. Over the years, the field has faced challenges such as [list challenges, e.g., declining production rates, water cut issues, or high operational costs], which have necessitated the adoption of advanced technologies and innovative strategies to enhance recovery rates. Current efforts focus on optimizing recovery techniques, improving reservoir management, and implementing sustainable practices to ensure the field's long-term viability. The Burak Field continues to play a crucial role in [insert regional or global impact, such as the contribution to local economy or energy supply], making it a focal point of ongoing research and development in petroleum engineering.

1. ECONOMIC EVALUATION OF BURAK FIELD DEVELOPMENT PROJECT INDIVIDUAL & GROUP PRESENTATION

2. INTRODUCTION Petroleum economics provide the tools to quantify and assess the financial risks involved in field exploration, appraisal, and development. It is regarded as consistent basis used for comparing alternative investments .  https:// www.google.com / url?sa = t&source = web&rct = j&opi =89978449&url=https:// www.sciencedirect.com /science/article/ pii /S0376736107000143%23:~:text%3DPetroleum%2520economics%2520provide%2520the%2520tools,used%2520for%2520comparing%2520alternative%2520investments.&ved=2ahUKEwjEhoLKi9mHAxWkUWwGHVI7K7cQFnoECBsQAw&usg=AOvVaw3XQ8e-eR2N2ik2Odjfuyp4 NPV, or net present value, is how much an investment is worth throughout its lifetime, discounted to today's value. The NPV formula is often used in investment banking and accounting to determine if an investment, project, or business will be profitable in the long run. The IRR is the discount rate that makes the NPV of a project equal to zero. It represents the annualized return on investment of a project .  Profit Investment Ratio (PIR), describes an index that represents the relationship between the costs and benefits of a proposed project .

3. INDIVIDUAL COMPONENTS ARIECH AYOK AGOTH-TP057726

4. CONTRACTOR NET CASH FLOW – Excel Calculation Tieback Wellhead

5. TIEBACK GROSS REVENUE : 3750.54 CUMULATIVE NCF OF CONTRACTOR: 288.15 WELLHEAD GROSS REVENUE : 3750.54 CUMULATIVE NCF OF CONTRACTOR : 273.35

6. Maxx cash sink= Min(whole row of Cumulative NCF). Breakeven point is noted as the year where cumulative NCF touches 0, increasing to top from negative in contractor’s cash flow graph. IRR = IRR(the whole row of NCF after tax, contr. Profit rate). Payback period is the breakeven point minus (-) the beginning of production year. Ultimate cash surplus is the value of cumulative NCF on the final year of contract . Pir = ultimate cash surplus / max cash sink Economic life is the total amount of years from beginning of production to the economic limit year Tieback   Fixed Wellhead 76.05 NPV@10% 5.91 18% IRR (%) 10% 1.09 PIR (ratio) 0.61 Differences between tieback and wellhead

7. INDIVIDUAL COMPONENTS MADOL MADOL ATAK -TP056450

8. TIEBACK GROSS REVENUE : 3750.54 CUMULATIVE NCF OF CONTRACTOR: 288.15 WELLHEAD GROSS REVENUE : 3750.54 CUMULATIVE NCF OF CONTRACTOR : 273.35

9. Maxx cash sink= Min(whole row of Cumulative NCF). Breakeven point is noted as the year where cumulative NCF touches 0, increasing to top from negative in contractor’s cash flow graph. IRR = IRR(the whole row of NCF after tax, contr. Profit rate). Payback period is the breakeven point minus (-) the beginning of production year. Ultimate cash surplus is the value of cumulative NCF on the final year of contract . PIR = ultimate cash surplus / max cash sink Economic life is the total amount of years from beginning of production to the economic limit year Tieback   Fixed Wellhead 76.05 NPV@10% 5.91 18% IRR (%) 10% 1.09 PIR (ratio) 0.61 Differences between tieback and wellhead

10. SENSITIVITY ANALYSIS – TIEBACK - TIEBACK

11. SENSITIVITY ANALYSIS – TIEBACK - WELLHEAD

12. INDIVIDUAL COMPONENTS MOHAMED EL WADIA EL JEKENI –TP058575

13. TIEBACK WELLHEAD

14. Tieback   Fixed Wellhead 76.05 NPV@10% 5.91 18% IRR (%) 10% 1.09 PIR (ratio) 0.61

15. GROUP COMPONENTS

16. S ENSITIVITY ANALYSIS Tieback Economic Indicator for Contractor (Tieback) Tornado Chart Spider Plot

17. Fixed Wellhead Economic Indicator for Contractor (Wellhead) Tornado Chart Spider Plot

18. PETROLEUM ARRANGEMENT CONTRACT The Petroleum Agreement Contract (PAC) is the main contract that governs activities in Malaysia's upstream oil and gas sector. It is literally known that Burak Field is closer to the onshore, which is 500 km. There is a -year contract period for the development, production, and abandonment phases. This Production Sharing Contract (PSC) does not take into account any exchange rate fluctuations, bonus payments, cost recovery, research cess, or supplemental payments. Pre-development and development phases of the Small Field Asset (SFA) term last two years each, during which time the field is studied before the first commercial production is made. SFA PSC TERMS

19. DISCUSSION Contractor’s Cash Flow (Tieback) Contractor’s Cash Flow (Fixed Wellhead

20. NOC’s Cash Flow (Tieback) NOC’s Cash Flow (Fixed Wellhead

21. Government’s Cash Flow (Tieback) Government’s Cash Flow (Fixed Wellhead

22. C ONCLUSION