npv ofd

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8/9/2019 npv ofd

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Discount Rate = 10%

Oil Price = 390 NOK/bbl

Gas Price = 1,25

Oil Tari Price Price = 9 NOK/bbl

Gas Tari Price = 0,3

Pro" Oil Pro" Gas #n$estent

&'ill( bbl) &'ill( NOK)

1 0,00 0,00 0 13

2 0,00 0,00 0 10

3 40,00 4,00 20.6 0

4 30,00 3,00 15.45 0

5 20,00 2,00 10.3 0

6 10,00 1,00 5.15 0

Oil Price = 390 NOK/bbl

Gas Price = 1,25

Oil Tari Price Price = 9 NOK/bblGas Tari Price = 0,3

1 0,00 0,00 0 13

*n in$estent +roect is "eine" b- t.e "ata set belo( T.e oil +rice is 5,0 D/bbl anto +a- a tari eual to 1,5 D, an" or eac. 3 as t.at is +ro"uce" an" sol" it is necessarin"e8 &P#) o t.e +roect at 10 % "iscount rate( &1,0 D = ,0 NOK)(

Gross #ncoe &ill(NOK)&bill( 3)

Net Present 7alue = 2(09,99 'ill( NOK

Proitabilit- #n"e8 &P#) = NP7 / P7 &6a+e8) = 2(09,99/20(0:2, = 0(10

6alculate t.e internal rate o return &#RR) o t.e +roect(

8/9/2019 npv ofd

2 0,00 0,00 0 10

3 40,00 4,00 20.6 0

4 30,00 3,00 15.45 0

5 20,00 2,00 10.3 0

6 10,00 1,00 5.15 0

Oil Tari Price Price = 9 NOK/bbl

Gas Tari Price = 0,3

!ear 1 !ear 2 !ear 3 !ear

Investment (Mill. NOK) 13 10 0 0

Operating costs (mill. NOK) 0 0 4 3

0 0 40 30

1 0,00 0,00 0 13

2 0,00 0,00 0 10

3 0,00 0,00 0 0

4 0,00 0,00 0 0

5 0,00 0,00 0 0

6 0,00 0,00 0 0

40,00 4,00 20.6 0

! 30,00 3,00 15.45 0

" 20,00 2,00 10.3 0

10 10,00 1,00 5.15 0

&costs an" +ro"uction) is "ela-e" b- -ears

#nternal Rate o Retur= :(;5%

cross check

3( <.at are t.e conseuences or t.e +roects net +resent $alue an" intern

#ales vol$me o% oil (106 &&l)

#ales vol$me o% gas (10" #m3)

Net Present 7alue = ?1(2; 'ill( NOK

8/9/2019 npv ofd

!ear &'ill( bbl) &'ill( NOK)

1 0,00 0,00 0 13

2 0,00 0,00 0 10

3 0,00 0,00 0 0

4 0,00 0,00 0 0

5 0,00 0,00 0 0

6 0,00 0,00 0 0

40,00 4,00 20.6 0

! 30,00 3,00 15.45 0

" 20,00 2,00 10.3 0

10 10,00 1,00 5.15 0

8/9/2019 npv ofd

O+eratin 6osts 6as. 4lo 6uulati$e 6as. 4lo Pre Ta8 NP7

&'ill( NOK) &'ill( NOK) &'ill( NOK)

0 '13.00 '13 '11.!2

0 '10.00 '23.00 '!.26

5.56 15.04 '."6 11.30

5.1 10.2! 2.32 .02

4.! 5.52 .!4 3.43

4.3" 0.6 !.60 0.43

NPV $2.095

IRR 14.929%

&'ill( NOK) &'ill( NOK) &Non?Discounte") ? 'ill( NOK &'ill( NOK)

0 '13.00 '13.00 ?11(31

t.e as +rice is 1,25 NOK/3( 4or eac. bbl o oil t.at is +ro"uce" an" soto +a- a tari eual to 0,3 NOK( 6alculate t.e net +resent $alue &NP7) an"

&Non?Discounte") ? 'ill(NOK

8/9/2019 npv ofd

0 '10.00 '23.00 ?;(5;

5.56 15.04 '."6 9(91

5.1 10.2! 2.32 5(:9

4.! 5.52 .!4 2(;5

4.3" 0.6 !.60 0(33

!ear 5 !ear

2.5 2.5

0 '13.00 '13.00 '11.!2

0 '10.00 '23.00 '!.26

0 0.00 '23.00 0.00

4 16.60 '6.40 !.52

3 12.45 6.05 5.!1

2.5 .!0 13.!5 3.31

2.5 2.65 16.50 1.02

NPV= ($1.427)

IRR= Err:523

l rate o return i t.e .ole +roect &costs an" +ro"uction) is "ela-e" b- -

8/9/2019 npv ofd

0 '13.00 '13.00 rr523

0 '10.00 '23.00 rr523

0 0.00 '23.00 rr523

4 16.60 '6.40 rr523

3 12.45 6.05 rr523

2.5 .!0 13.!5 rr523

2.5 2.65 16.50 rr523

8/9/2019 npv ofd

&'ill( NOK)

'11.!2

'20.0!

&'ill( NOK)

?11(31

l" it is necessar-t.e +roitabilit-

6uulati$e Pre Ta8NP7

8/9/2019 npv ofd

?1:(::

6uulati$e Pre Ta8 NP7

&'ill( NOK)

'11.!2

'20.0!

'11.56

6uulati$e Pre Ta8 NP7

8/9/2019 npv ofd

&'ill( NOK)

8/9/2019 npv ofd

Internal Rate of Return(IRR)= 34.2%

1 1327.8

2 1770.4

3 1327.8 500

SUM 4426 2500

2!521.14 1!125.70

"a#$l$t$e (Pl!"or#&'se Rsers

E*+or! ,s!e#s-/e#e! Is&rce)&ot

'r$ll$n an #o*+let$on&ot

8/9/2019 npv ofd

,+erat$n &ot ,$l tar$- a tar$- ,$l $n#o*e

10 21.0 412.13 32.40 15.3 210.00

10 34.25 53.49 51.38 24.78 3425.00

10 29.93 571.0 44.90 21.5 2993.00

10 23.94 45.85 35.92 17.32 2394.40

10 19.1 35.48 28.73 13.8 1915.52

10 15.32 292.38 22.99 11.09 1532.42

10 12.2 233.91 18.39 8.87 1225.93

10 9.81 187.13 14.71 7.09 980.75

10 7.85 149.70 11.77 5.8 784.0

10 .28 119.7 9.42 4.54 27.8

10 5.02 95.81 7.53 3.3 502.14

10 4.02 7.5 .03 2.91 401.71

10 3.21 1.32 4.82 2.32 321.37

10 2.57 49.05 3.8 1.8 257.10

10 2.0 39.24 3.09 1.49 205.8

10 1.5 31.39 2.47 1.19 14.54

10 1.32 25.12 1.97 0.95 131.3

10 1.05 20.09 1.58 0.7 105.31

10 0.84 1.07 1.2 0.1 84.25

3360 270.63 5163.62 405.95 195.78 27063.02

466.60 115.24 55.58 7!682.94

M$l //l ,$lrou#t$on

M$l S*3a

rou#t$on

8/9/2019 npv ofd

&u*ulat$e

1327.8 0.75 989.42 989.42

1770.4 0.5 982.74 1972.15

1827.8 0.41 755.92 2728.08

15.2 108.23 0.31 495.54 2232.54

247.77 293.2 0.23 74.1 1558.38

247.77 293.2 0.17 502.28 105.10

247.77 293.2 0.13 374.22 81.88

21.52 299.28 0.09 284.48 397.40

173.22 235.03 0.07 17.29 230.11

138.57 180.02 0.05 98.03 132.08

110.8 145.02 0.04 57.17 74.91

88.9 1132.81 0.03 33.14 41.77

70.95 874.25 0.02 19.0 22.72

5.7 7.40 0.02 10.84 11.88

45.41 501.92 0.01 .07 5.81

3.33 39.54 0.01 3.33 2.48

29.0 23.3 0.01 1.77 0.71

23.25 178.90 0.01 0.90 0.19

18.0 111.12 0.00 0.41 0.0

14.88 5.90 0.00 0.1 0.7

11.90 13.52 0.00 0.03 0.79

9.52 21.19 0.00 0.03 0.7

7.2 48.95 0.00 0.0 0.70

.09 71.38 0.00 0.57 0

1957.79 17597.9 0

555.80 0 1

a$n#o*e

&a "lo '$#ountfa#tor

reentalue

8/9/2019 npv ofd

s l R!o (R) 120.00 #3#3

Prce o" l 100.00 6''l

Prce o" s 10.00 6##'!&

l s Pro&c!o Prole "ro# se 1 o" E*ercse 1 r "or l !rs+or!!o 1.50 6''l

r "or /s !rs+or!!o 1.00 6##'!&

6sco&! r!e 7%

1 1327.8 0

2 1770.4 0

3 1327.8 5004 500

SUM 4426 2500

3871 2050

B-E-P = [PV(CAPEX)+PV(OPE

'r$ll$n an#o*+let$on &ot

et reentalue

8/9/2019 npv ofd

= 40.68453 US'//l

8/9/2019 npv ofd

010 21.0 412.13 32.40 15.3 878.79

10 34.25 53.49 51.38 24.78 1393.45

10 29.93 571.0 44.90 21.5 1217.9

10 23.94 45.85 35.92 17.32 974.15

10 19.1 35.48 28.73 13.8 779.32

10 15.32 292.38 22.99 11.09 23.4

10 12.2 233.91 18.39 8.87 498.77

10 9.81 187.13 14.71 7.09 399.0110 7.85 149.70 11.77 5.8 319.21

10 .28 119.7 9.42 4.54 255.37

10 5.02 95.81 7.53 3.3 204.29

10 4.02 7.5 .03 2.91 13.44

10 3.21 1.32 4.82 2.32 130.75

10 2.57 49.05 3.8 1.8 104.0

10 2.0 39.24 3.09 1.49 83.8

10 1.5 31.39 2.47 1.19 .94

10 1.32 25.12 1.97 0.95 53.55

10 1.05 20.09 1.58 0.7 42.8410 0.84 1.07 1.2 0.1 34.27

3360 270.63 5163.62 405.95 195.78 11010.46

1734 188.16 282.23 136.11 7!655.00

)] /PV (Volume)

M$l //l ,$lrou#t$on

M$l S*3a

rou#t$on

8/9/2019 npv ofd

1327.8 0.93 1240.93 1240.93

1770.4 0.87 154.34 2787.27

1827.8 0.82 1492.03 4279.3015.2 327.02 0.7 249.48 4029.82

247.77 905.0 0.71 45.30 3384.52

247.77 905.0 0.7 03.08 2781.44

247.77 905.0 0.2 53.3 2217.81

21.52 1207. 0.58 702.87 1514.94

173.22 934.13 0.54 508.10 100.84

138.57 715.30 0.51 33.2 43.21

110.8 540.24 0.48 25.7 38.55

88.9 400.19 0.44 177.9 208.8

70.95 288.15 0.41 119.57 89.285.7 198.52 0.39 7.99 12.29

45.41 12.82 0.3 45.97 33.7

3.33 9.4 0.34 23.53 57.20

29.0 23.5 0.32 7.4 4.

23.25 13.15 0.30 3.89 0.77

18.0 42.52 0.28 11.7 49.01

14.88 .02 0.2 17.0 31.95

11.90 84.81 0.24 20.48 11.47

9.52 99.85 0.23 22.54 11.07

7.2 111.88 0.21 23.0 34.7.09 121.50 0.20 23.95 58.62

1957.79 2080.526 58.62

(58.62) 7

a$n#o*e

reentalue

&u*ulat$ereentalue

8/9/2019 npv ofd

s l R!o (R) 120.00 #3#3

Prce o" l 100.00 6''l

Prce o" s 10.00 6##'!&

l s Pro&c!o Prole "ro# se 1 o" E*ercse 1 r "or l !rs+or!!o 1.50 6''l

r "or /s !rs+or!!o 1.00 6##'!&

6sco&! r!e 7%

1 1327.8 0

2 1770.4 0

3 1327.8 5004 500

SUM 4426 2500

3871 2050

= 8963.82 M$ll$on US'

'r$ll$n an#o*+let$on &ot

et reentalue

8/9/2019 npv ofd

010 21.0 412.13 32.40 15.3 210.00

10 34.25 53.49 51.38 24.78 3425.00

10 29.93 571.0 44.90 21.5 2993.00

10 23.94 45.85 35.92 17.32 2394.40

10 19.1 35.48 28.73 13.8 1915.52

10 15.32 292.38 22.99 11.09 1532.42

10 12.2 233.91 18.39 8.87 1225.93

10 9.81 187.13 14.71 7.09 980.7510 7.85 149.70 11.77 5.8 784.0

10 .28 119.7 9.42 4.54 27.8

10 5.02 95.81 7.53 3.3 502.14

10 4.02 7.5 .03 2.91 401.71

10 3.21 1.32 4.82 2.32 321.37

10 2.57 49.05 3.8 1.8 257.10

10 2.0 39.24 3.09 1.49 205.8

10 1.5 31.39 2.47 1.19 14.54

10 1.32 25.12 1.97 0.95 131.3

10 1.05 20.09 1.58 0.7 105.3110 0.84 1.07 1.2 0.1 84.25

3360 270.63 5163.62 405.95 195.78 27063.02

1734 282 136 18816

M$l //l ,$lrou#t$on

M$l S*3a

rou#t$on

8/9/2019 npv ofd

1327.8 0.93 1240.93 1240.93

1770.4 0.87 154.34 2787.27

1827.8 0.82 1492.03 4279.3015.2 108.23 0.7 122.91 3052.39

247.77 293.2 0.71 2093.77 958.2

247.77 293.2 0.7 195.79 998.17

247.77 293.2 0.2 1828.78 282.95

21.52 299.28 0.58 1743.8 4570.82

173.22 235.03 0.54 128.42 5857.23

138.57 180.02 0.51 945.54 802.77

110.8 145.02 0.48 91.74 7494.52

88.9 1132.81 0.44 502.98 7997.50

70.95 874.25 0.41 32.78 830.285.7 7.40 0.39 258.83 819.11

45.41 501.92 0.3 181.92 8801.03

3.33 39.54 0.34 125.17 892.20

29.0 23.3 0.32 83.4 9009.

23.25 178.90 0.30 52.93 902.59

18.0 111.12 0.28 30.73 9093.32

14.88 5.90 0.2 14.70 9108.02

11.90 13.52 0.24 3.2 9111.29

9.52 21.19 0.23 4.78 910.51

7.2 48.95 0.21 10.33 909.18.09 71.38 0.20 132.3 8963.82

1957.79 17597.9 8963.82

1361 8963.82 7

a$n#o*e

reentalue

&u*ulat$ereentalue

8/9/2019 npv ofd

6000.00

4000.00

2000.00

4000.00

6000.00

8000.00

10000.00

$ n M $ l l $ o n U S '

8/9/2019 npv ofd

4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

ulat$e fro* roe#t San#t$on to en of ro

u*/er of :ear

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npv ofd

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