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    Sayaf Salman Hamad #Essay

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    Sayaf Salman
    This document is a student's final assessment covering petroleum economics. It includes tables showing production, revenue, costs, taxes, and cash flows for an oil and gas project from 2002 to 2021. It also includes questions about calculating key financial metrics like payback period, terminal cash surplus, and minimum cash out.

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    Sayaf Salman Hamad #Essay

    Uploaded by

    Sayaf Salman
    23 views8 pages
    This document is a student's final assessment covering petroleum economics. It includes tables showing production, revenue, costs, taxes, and cash flows for an oil and gas project from 2002 to 2021. It also includes questions about calculating key financial metrics like payback period, terminal cash surplus, and minimum cash out.

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    © © All Rights Reserved

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    This document is a student's final assessment covering petroleum economics. It includes tables showing production, revenue, costs, taxes, and cash flows for an oil and gas project from 2002 to 2021. It also includes questions about calculating key financial metrics like payback period, terminal cash surplus, and minimum cash out.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    23 views8 pages

    Sayaf Salman Hamad #Essay

    Uploaded by

    Sayaf Salman
    This document is a student's final assessment covering petroleum economics. It includes tables showing production, revenue, costs, taxes, and cash flows for an oil and gas project from 2002 to 2021. It also includes questions about calculating key financial metrics like payback period, terminal cash surplus, and minimum cash out.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 8

    Final Assessment – Semester II (2019 – 2020)

    Department of Petroleum Engineering


    Faculty of Engineering
    Soran University

    Student Name Sayaf Salman Hamad


    ID Number 50316026
    Program BSc Petroleum Engineering
    Date Jun - Jul 2020
    Course Code & Name 426 & Petroleum Economics
    Date 18/6/2020

    Page 1 of 8
    Final Assessment – Semester II (2019 – 2020)

    Q1:
    A:

    Page 2 of 8
    Final Assessment – Semester II (2019 – 2020)

    RPI convert oil Gas Revenue m£ Opex m£ Capex m£ Capex m£ Taxes m£


    Year
    (index) £2004 Prodduction Production mod mod 2004 mod mod
    2002 178.5 1.0638655 5 4.699842
    2003 183.5 1.0348774 10 9.6629805
    2004 189.9 1 1 1
    2005 194.1 0.9783617 28 28.619273
    2006 202.7 0.9368525 246 262.58136
    2007 210.9 0.9004267 356 395.36809
    2008 212.9 0.8919681 121 135.65508
    2009 218 0.8711009 110 50 646.9625 63.13849 57 65.434439
    2010 228.4 0.8314361 180 95 1068.866 66.15061 16 19.243813 4
    2011 239.4 0.7932331 195 100 1155.68125 69.33649 95
    2012 246.8 0.7694489 200 95 1179.461 71.47973 110
    2013 253.4 0.7494081 210 90 1230.8895 73.39126 115
    2014 257.5 0.7374757 190 80 1112.5565 74.57873 100
    2015 260.6 0.728703 150 80 891.3665 75.47657 65
    2016 267.1 0.7109697 120 35 690.653 77.35914 45
    2017 278.1 0.6828479 80 29 464.8202 80.54502 29
    2018 285.6 0.664916 41 16 239.10055 82.71722 14
    2019 291.9 0.6505653 23 12 136.46985 84.54186 4
    2020 300.4 0.6321571 8 4 47.3332 87.00369 110 174.00737 -7
    2021 -80
    Total 1507 686 8864.16005 905.7188 950 1096.2722 494

    Page 3 of 8
    Final Assessment – Semester II (2019 – 2020)

    B:

    Revenue Opex m£ Capex m£ Taxes m£


    Year NCF mod
    m£ mod mod mod mod
    2002 4.69984202 -4.699842022
    2003 9.66298052 -9.662980516
    2004 1 -1
    2005 28.6192733 -28.6192733
    2006 262.581359 -262.5813586
    2007 395.368088 -395.3680885
    2008 135.655082 -135.6550816
    2009 646.9625 63.138494 65.4344392 518.3895669
    2010 1068.866 66.150606 19.2438125 4 979.4715819
    2011 1155.6813 69.336493 95 991.3447571
    2012 1179.461 71.479726 110 997.9812738
    2013 1230.8895 73.391259 115 1042.498241
    2014 1112.5565 74.578726 100 937.9777744
    2015 891.3665 75.476567 65 750.8899334
    2016 690.653 77.359136 45 568.2938636
    2017 464.8202 80.545024 29 355.2751763
    2018 239.10055 82.71722 14 142.3833304
    2019 136.46985 84.541864 4 47.92798586
    2020 47.3332 87.003686 174.007372 -7 -206.6778585
    2021 -80 80
    8864.1601 905.7188 1096.27225 494 6368.169002

    Page 4 of 8
    Final Assessment – Semester II (2019 – 2020)

    Year RPI (index) convert £2004 NCF mod NCF 2004


    2002 178.5 1.063865546 -4.699842022 -5
    2003 183.5 1.034877384 -9.662980516 -10
    2004 189.9 1 -1 -1
    2005 194.1 0.978361669 -28.6192733 -28
    2006 202.7 0.936852491 -262.5813586 -246
    2007 210.9 0.900426743 -395.3680885 -356
    2008 212.9 0.89196806 -135.6550816 -121
    2009 218 0.871100917 518.3895669 451.5696273
    2010 228.4 0.831436077 979.4715819 814.3680096
    2011 239.4 0.793233083 991.3447571 786.3674577
    2012 246.8 0.769448947 997.9812738 767.8956398
    2013 253.4 0.749408051 1042.498241 781.2565748
    2014 257.5 0.737475728 937.9777744 691.7358421
    2015 260.6 0.728702993 750.8899334 547.1757419
    2016 267.1 0.710969674 568.2938636 404.0397031
    2017 278.1 0.682847896 355.2751763 242.5989068
    2018 285.6 0.664915966 142.3833304 94.67294974
    2019 291.9 0.650565262 47.92798586 31.18028268
    2020 300.4 0.632157124 -206.6778585 -130.6528806
    2021 80 0
    6368.169002 4715.207855
    Q2:
    A
    Page 5 of 8
    Final Assessment – Semester II (2019 – 2020)

    Year NCF 2004 Cum NCF


    2002 -5 -5
    2003 -10 -15
    2004 -1 -16
    2005 -28 -44
    2006 -246 -290
    2007 -356 -646
    2008 -121 -767
    2009 451.5696273 -315.43037
    2010 814.3680096 498.93764
    2011 786.3674577 1285.3051
    2012 767.8956398 2053.2007
    2013 781.2565748 2834.4573
    2014 691.7358421 3526.1932
    2015 547.1757419 4073.3689
    2016 404.0397031 4477.4086
    2017 242.5989068 4720.0075
    2018 94.67294974 4814.6805
    2019 31.18028268 4845.8607
    2020 -130.6528806 4715.2079
    2021 0

    Page 6 of 8
    Final Assessment – Semester II (2019 – 2020)

    C. (a): payback period is (2002-2010) as shown in the figure.

    Payback Period

    C. b&d:
    Terminal Cash Surplus is equal to (4845.861) the highest point of the curve.
    Page 7 of 8
    Final Assessment – Semester II (2019 – 2020)

    C. d:
    MCO is equal to – 767 the lowest pint of the curve.

    Page 8 of 8

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