| 27/01/2010 |
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AAPG talk by Jim Hannon on 4th February 2010 in Aberdeen – “The North Sea: a race against time” |
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For the past six years, our firm has been building very comprehensive oil & gas resource data on field production, discoveries and un-drilled prospects; mainly to build our own detailed view of what reserves remain on the UKCS – albeit “in theory”. The answer always seems to be around 25 billion boe give or take a few billion and, more recently, we have played out theoretical drilling programmes to imagine the dynamics of this system, the timescales, the cash flow and the investments needed; plus the subsequent tax takes and jobs created.
But this dynamic isn’t everlasting, and the next step is to overlay the shutdown of pipeline and export routes and watch the upside potential being eroded, with the subsequent loss of national resource, loss of huge investment, loss of jobs and loss of tax take. In this talk, we will attempt this overlay; and we will model some simple shut-down sequences and start to quantify the scale of loss, and throw some light on the key areas (geographic or play or company size or sector). But much more work is needed to be done in our view, and in more detail, to develop a management tool or a continuous management reporting system to steer industry investment and cooperation and government fiscal stimuli - there are roles for both – and the benefits to the nation are enormous. We in HW are now getting involved in this work and developing the thinking and the software to provide insightful steers to optimise what we can of the oil & gas take.
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| 27/01/2010 |
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Jim Hannon to talk to OGUK on 2nd February 2010 in Aberdeen –
“The Potential of the UKCS 26th Round: prospects and discoveries”
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The talk details the oil & gas prospect and discovery potential on offer in the 26th Licence Round and then goes on to run scoping economics on each population to outline the extent of the commercial opportunity and the potential impact on new potential project NPV and investment levels. The talk comments on the potential levels of activity expected in the Round and the impact on 26th Round oil and gas project potential using today’s oil and gas prices. |
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| 02/12/2009 |
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NOW AVAILABLE - Hannon Westwood Special Report: 26th Round Screening Study |
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In advance of the opening of the next UKCS Round, anticipated in January 2010, Hannon Westwood has released its 26th Round Screening Study. Over the last decade, Hannon Westwood has been developing several databases in order to understand the resource remaining on the UKCS. As the area of unlicensed acreage increases through further voluntary and statutory relinquishments, the volume of reserves and resources available for licensing in the 26th Round will also increase. This additional potential will be captured in a supplement to the study.
Please click here for more information.
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| 01/09/2009 |
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NOW AVAILABLE - Hannon Westwood Special Report: UKCS Industry Structure - Time for a Change? |
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UK oil and gas industry consultants, Hannon Westwood, have concluded that the oil and gas service sector could take a leading role in changing the current structure of the UK oil and gas industry to access the benefit of the estimated 23 billion barrels of oil equivalent remaining.
Please click here for more information.
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| 04/08/2009 |
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NOW AVAILABLE - Hannon Westwood Petro-Summit UK Investment Company Sale - Corporate Valuation Report |
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With 8 producing fields in the package plus near term developments, additional potential value lies in a further 13 discoveries and at least 22 scouted prospects. A view on this upside can help determine the size and shape of the future value and the bidding strategy.
We have produced a special report to offer you insight into the portfolio to complement the work you will do within the next few weeks in the data room and with the information memorandum
Please click here for more information.
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| 08/07/2009 |
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NOW AVAILABLE - Hannon Westwood Eni North Sea Asset Sale Commercial Valuation Report |
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With the first deadline for indicative bids rapidly approaching later this month, time is running out to evaluate either the whole package or selected packages. Potential buyers will base their bid price on many factors, but a key consideration will be the value attributed to E&A upside potential.
At Hannon Westwood, we have built a series of business models of the current production combined with the drilled out E&A value from our unique UK database on individual prospects and discoveries.
Our special report is now available as a companion to the work you will do within the next few weeks in the data room and with the information memorandum.
Please click here for more information.
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| 22/06/2009 |
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Eni North Sea Asset Sale |
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Eni is offering for sale its interests in 30+ producing fields and discoveries.
Hannon Westwood is uniquely positioned to provide pre-indicative bid insight into the total package of assets including exploration upside.
More information available here |
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| 03/06/2009 |
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Press Release: North Sea Taxation - Value Allowance Impact on Small Fields |
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Analysis by UK oil and gas industry consultants, Hannon Westwood, indicates that the new Value Allowance introduced by the Chancellor of the Exchequer could stimulate development of up to 45 small discoveries at an oil price of $45 per barrel and up to 157 discoveries at $60 per barrel.
The full press release is available here |
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| 21/05/2009 |
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Press Release: 2008 UK Exploration and Appraisal Drilling highest since 1997 |
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In a report issued to clients, UK oil and gas industry consultants, Hannon Westwood, said that in 2008, exploration and appraisal (E&A) drilling in the UK offshore sector reached its highest level since 1997. |
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The full press release is avaiable here |
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| 14/05/2009 |
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North Sea Update Newsletter - May 2009
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The May 2009 edition of the Hannon Westwood North Sea Update Newsletter discusses drilling activity, consolidation in the sector and the 2009 Budget. The full newsletter is available here |
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| 22/04/2009 |
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Hannon Westwood data and analysis accepted by Treasury - North Sea gets budget boost from the Chancellor. |
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In his Budget Statement today, Alastair Darling, the Chancellor of the Exchequer said he would bring in a new “Field Allowance” to encourage development of marginal North Sea fields. The decision means that both small discoveries and larger but technically difficult to develop discoveries will meet an acceptable economic threshold at low oil prices.
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Please find the full press release here |
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| 23/03/2009 |
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Jim Hannon participating in debate at Barbican conference on 2nd April 2009
Geo-controversies Debate - Is exploration in the North Sea finished? |
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Jim Hannon will be participating in a debate at the Barbican conference on 2nd April 2009: Geo-controversies Debate - Is exploration in the North Sea finished?
Jim will be arguing against the motion in the debate which is part of the 7th Petroleum Geology Conference being held at the Queen Elizabeth II Conference Centre in London on 30th March - 2nd April 2009.
The debate will take place on 2nd April between 13.30 and 14.20, with Richard Hardman arguing for the motion.
For more details please contact Hannon Westwood LLP |
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