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PSC - Economic Screening Tool

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0% found this document useful (0 votes)

31 views231 pages

PSC - Economic Screening Tool

Uploaded by

yehia sayed

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as XLS, PDF, TXT or read online on Scribd

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MMscf/d
1
NN 100% yes n.a. NN
NN 100% yes n.a. NN
NN 100% yes n.a. NN
NN 100% yes NN
n.a.
NN
NN 100% yes n.a.
NN
NN 100% yes n.a.
0 NN
NN 100% yes n.a.

2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
NN 100% yes n.a.
NN 100% yes n.a.
press "CTRL e" to run the economics press "CTRL s" to run Spider diagrams Prod'n UDC UTC Oil/Condensate Expectation Forecast
Economics RT'02 PSV16 PSV10 Econ. Capex $m MOD PSV22 MMBoe 0% RT 7% RT 1.0 NN
Project NPV7% VIR7% NPV7% VIR7% project 100% risked NPV7% VIR7% 100% project NN
0.9
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - 0.8 NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - 0.7 NN
NN 0 0.00 0 0.00 0.0 0.0 0 0.00 0.0 - - NN
no
0.6 NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - -
0.5 NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - -

Mb/d
NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - 0.4
NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - 0.3 NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - NN
0.2
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - 0.1 NN
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - - NN
0.0
NN 0 0.00 0 0.00 0.0 0.0 0 0.00 0.0 - -

2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
no
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - -
NN 0 0.00 0 0.00 no 0.0 0.0 0 0.00 0.0 - -
Total 0 0 0.0 0.0 0 0.0 $/boe press "CTRL p" to print all pages
UDC and UTC are
Recoverable Reserves Gas Bscf Condensate MMB not economically truncated
100% field, 1.1.2002 0 0
Comment: Recoverable Reserves are not economically truncated.

Comments:
User Input for Base Case and Incremental Cases Set parameter: (1) if incremental cas
(serial incremental cases will be add stepwise,
NN Remark: NN
Case Ident Nr 1 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 2 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 3 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 4 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 5 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 6 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 7 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 8 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 9 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 10 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 11 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 12 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 13 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 14 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD

NN Remark: NN
Case Ident Nr 15 Descriptionn.a.
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d
Oil/Condensate Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
Abortive Case
MMscf/d
Mb/d
Expex $mln, MOD
Capex $mln, MOD
OH 5 yrs $mln, MOD
Opex 1 yr $mln, MOD
Non-recoverable cost $m, MOD
1) if incremental cases are serial, (2) if incremental cases are optional 1
ases will be add stepwise, optional cases are evaluated in parallel)

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
2028 2029 2030 2031

2028 2029 2030 2031

User Input for Spider Diagram =User input cells, do not override other cells.
Enter the multiplier for indivi
Gas Prod'n Oil Prod'n Gas Prod'n Oil Prod'n
Case ID Number LOW LOW HIGH HIGH
NN 1 1.00 1.00 1.00 1.00
NN 2 0.75 0.75 1.25 1.25
NN 3 0.75 0.75 1.25 1.25
NN 4 0.75 0.75 1.25 1.25
NN 5 0.75 0.75 1.25 1.25
NN 6 0.75 0.75 1.25 1.25
NN 7 0.75 0.75 1.25 1.25
NN 8 0.75 0.75 1.25 1.25
NN 9 0.75 0.75 1.25 1.25
NN 10 0.75 0.75 1.25 1.25
NN 11 0.75 0.75 1.25 1.25
NN 12 0.75 0.75 1.25 1.25
NN 13 0.75 0.75 1.25 1.25
NN 14 0.75 0.75 1.25 1.25
NN 15 0.75 0.75 1.25 1.25

Tip: Set all multiplier for case 1 (Base case) to 1 to guarantee co

If you want a spider diagram for case 1 (base case) set corr
Engine Input for Spider Diagram (do not enter any data)
Gas Prod'n Oil Prod'n Expex Capex
Case ID Number
NN 1 1.00 1.00 1.00 1.00
NN 2 1.00 1.00 1.00 1.00
NN 3 1.00 1.00 1.00 1.00
NN 4 1.00 1.00 1.00 1.00
NN 5 1.00 1.00 1.00 1.00
NN 6 1.00 1.00 1.00 1.00
NN 7 1.00 1.00 1.00 1.00
NN 8 1.00 1.00 1.00 1.00
NN 9 1.00 1.00 1.00 1.00
NN 10 1.00 1.00 1.00 1.00
NN 11 1.00 1.00 1.00 1.00
NN 12 1.00 1.00 1.00 1.00
NN 13 1.00 1.00 1.00 1.00
NN 14 1.00 1.00 1.00 1.00
NN 15 1.00 1.00 1.00 1.00
Enter the multiplier for individual items for the Spider plot
Expex Expex Capex Capex OH OH Opex Opex
LOW HIGH LOW HIGH LOW HIGH LOW HIGH
1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25
0.75 1.25 0.75 1.25 0.75 1.25 0.75 1.25

(Base case) to 1 to guarantee correct sensitivities for cases 2 to 15.

m for case 1 (base case) set corresponding parameter and ignore spider diagrams for cases 2 to 15.

OH Opex Value

1.00 1.00 1.00

1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
1.00 1.00 1.00
You can rephase the incremental projects accordingly to a given maximum GAS offtake level.

Maximum gas offtake level MMscf/d: 150 (please enter offtake restriction)

The macro rephases only incremental projects not the base case (case nr. 1).

Press " CTRL f " to run the macro. The macro will override the User Input Cases. Once the macro finished you hav
economic by pressing " CTRL e".

Note: you must open the Excel file "PSC_Input_Cases_Rephaser.xls" before you run the macro.
he macro finished you have to rerun the
Concession: NW Demiatta =User input cells, do not override other cells
Project: n.a.
Costs ($ mln) MOD RT2002
Project results (100% concession) Expex
RT2002 EMV RVIR Appraisal
PSV 0% 7% 15% 7% Capex
10 0.0 0.0 0.0 0.00 Risked Expex
14 0.0 0.0 0.0 0.00 Risked Appraisal
16 0.0 0.0 0.0 0.00 Risked Capex 10%
18 0.0 0.0 0.0 0.00
22 0.0 0.0 0.0 0.00 Success
UDC $/boe n.a. 10% 100% CS-ID 7
UTC $/boe n.a.
Success
FID
50% 20% CS-ID 12

Success 0% Failure
Appraise
50% CS-ID 11

80% Failure 0%
Explore

50% Failure 40% POS to FID / Prod'n: 10%

Total 1-POS abortive: 90%
Case ID 2
50%

Choose the Exploration COST Case Choose the Appraisal COST Case Choose the Full Cycle Success Case
n.a. n.a. n.a.
User Input for historical data since inception
Ref year 2002
Concession name: Open Acreage 100%
Year Total 1990 1991
Annual US$ inflation rate 4.28 2.99
Cumulative US$ inflation rate to convert to RT of ref year 0.73 0.76
Cash Flow $mln, MOD 0.0
Cash Flow $mln, RT of ref year 0.0 0.0 0.0
PV-DR1 Cash Flow $mln, RT of ref year 0.0 0.0 0.0
PV-DR2 Cash Flow $mln, RT of ref year 0.0 0.0 0.0
PV-DR3 Cash Flow $mln, RT of ref year 0.0 0.0 0.0
Expex $mln, MOD 0.0
Capex $mln, MOD 0.0
Opex $mln, MOD 0.0
Expex $mln, RT of ref year 0.0 0.0 0.0
Capex $mln, RT of ref year 0.0 0.0 0.0
Opex $mln, RT of ref year 0.0 0.0 0.0
PV-DR1 Expex $mln, RT of ref year 0.0 0.0 0.0
PV-DR2 Expex $mln, RT of ref year 0.0 0.0 0.0
PV-DR3 Expex $mln, RT of ref year 0.0 0.0 0.0
PV-DR1 Capex $mln, RT of ref year 0.0 0.0 0.0
PV-DR2 Capex $mln, RT of ref year 0.0 0.0 0.0
PV-DR3 Capex $mln, RT of ref year 0.0 0.0 0.0
PV-DR1 Opex $mln, RT of ref year 0.0 0.0 0.0
PV-DR2 Opex $mln, RT of ref year 0.0 0.0 0.0
PV-DR3 Opex $mln, RT of ref year 0.0 0.0 0.0
Gas Prod'n MMscf/d 100% 0.0
Oil/Cond Prod'n Mb/d 100% 0.0
Total Prod'n Mboe/d 100% 0.0 0.0 0.0
PV-DR1 Total Prod'n Mboe/d 100% 0.0 0.0 0.0
PV-DR2 Total Prod'n Mboe/d 100% 0.0 0.0 0.0
PV-DR3 Total Prod'n Mboe/d 100% 0.0 0.0 0.0

Cap. Empl. (closing balance at end of year) $mln, MOD 0.0

PSC Terms
Amortization, years 5
Cost Oil 40.00%
Excess gas tranches MMscf/d 999999 999999 999999
Excess gas entitlement 25.00% 0.00% 0.00%
Excess oil tranches Mb/d 25 50 75
Excess oil entitlement 23.00% 21.50% 19.00%
Profit gas tranches MMscf/d 999999 999999 999999
Profit gas entitlement 25.00% 0.00% 0.00%
Profit oil tranches Mb/d 25 50 75
Profit oil entitlement 23.00% 21.50% 19.00%
PSV Brent $/stb 10 14 16
WD price differential to Brent -0.65 -0.65 -0.65
Gas price $/MMBTU 1.50 2.15 2.15
Oil price $/stb 9.35 13.35 15.35
Discount rates 1-2-3 0.00% 7.00% 15.00%
Inflation rate 2.00%
% recoverability Expex 96.00%
% recoverability Capex 96.00% Net oil price in 2002 $/stb
% recoverability OH 5 yrs 96.00% Net gas price in 2002 $/MMBtu
% recoverability opex 1 yr 96.00%
Gas heating value Btu/scf 1.085 Gas conversion factor Bscf/MMboe

Year 2002 2003 2004

Amortization open balance (concessions with production established)

Costs due 31.12.2001 0.00 incl opex

Recovered till end 2001 0.00 incl opex
Unrecovered till end 2001 0.00
Amortized for 2002 0.00
Total for cost recovery in 2002 0.00 0.00

Cost accrued for recovery (non producing assets)

Expex $mln, MOD 0.0
Capex $mln, MOD 0.0
OH 5yrs $mln, MOD 0.0
Opex $mln, MOD 0.0
=User input cells. Do not override other cells.

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
2.99 3.00 3.00 2.80 2.90 2.40 2.00 2.00 2.00 2.00
0.78 0.80 0.83 0.85 0.88 0.90 0.92 0.94 0.96 0.98

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

999999 999999
0.00% 0.00%
100 999999
17.00% 14.00%
999999 999999
0.00% 0.00%
100 999999
17.00% 14.00%
18 22
-0.65 -0.65
2.32 2.65
17.35 21.35
Net oil price in 2002 $/stb 0
Net gas price in 2002 $/MMBtu 0

nversion factor Bscf/MMboe 5.8

2005 2006 2007 2008 2009 2010

1.00
NO USER INPUT BEYOND THIS SPREADSHEET
Economics engine

Start year for input tables 2002

Production start year 2002
RT reference year 2002
Evaluation start year 2002
Amortization, years 4
Cost Oil 40.00%
Excess gas tranches MMscf/d 999999 999999 999999 999999 999999
Excess gas entitlement 35.00% 0.00% 0.00% 0.00% 0.00%
Excess oil tranches Mb/d 25 50 999999 999999 999999
Excess oil entitlement 30.00% 25.00% 20.00% 0.00% 0.00%
Profit gas tranches MMscf/d 999999 999999 999999 999999 999999
Profit gas entitlement 35.00% 0.00% 0.00% 0.00% 0.00%
Profit oil tranches Mb/d 25 50 999999 999999 999999
Profit oil entitlement 30.00% 25.00% 20.00% 0.00% 0.00%
PSV Brent $/stb 10 14 16 18 22
WD price differential to Brent -0.50 -0.50 -0.50 -0.50 -0.50
Gas price $/MMBTU 1.50 2.15 2.15 2.32 2.65
Oil price $/stb 9.50 13.50 15.50 17.50 21.50
Discount rates 1-2-3 0.00% 7.00% 15.00%
Infaltion rate 2.00%
% recoverability Expex 96.00%
% recoverability Capex 96.00%
% recoverability OH 5 yrs 96.00%
% recoverability opex 1 yr 96.00%
Gas heating value Btu/scf 1.100 Gas conversion factor Bscf/MMboe 5.8

NN
Case Ident Nr 1
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

Production Start Year 0 0 0 0 0 0

Year 2002 2003 2004 2005 2006 2007

Amortization open balance $mln, MOD 0 0 0 0 0 0
OR costs accrued (non producing assets)
Expex $mln, MOD 25.93
Capex $mln, MOD 0.00
OH 5 yrs $mln, MOD 0.00
Opex $mln, MOD 0.00
Amortisation according to prod'n start 6.48 6.48 6.48 6.48 0.00 0.00

RT to MOD conversion 1.00 1.02 1.04 1.06 1.08 1.10

Success Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Production discount_rate_1-2-3 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0

1.1) Success Case: Calculations independent on Gas and Oil prices

Year 2002 2003 2004 2005 2006 2007
Expex+Capex+OH 0.0 0.0 0.0 0.0 0.0 0.0
cum Expex+Capex+OH 0.0 0.0 0.0 0.0 0.0 0.0
Amortization 6.5 6.5 6.5 6.5 0.0 0.0
Opex 0.0 0.0 0.0 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
MMBtu/yr 0.0 0.0 0.0 0.0 0.0 0.0
MMB/yr 0.0 0.0 0.0 0.0 0.0 0.0
Excess gas entitlement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Excess oil entitlement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit gas entitlement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit oil entitlement 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

1.2) Success Case: Calculation dependent on Gas and Oil prices

PSV 10
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
Shell NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 14
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell share prod'n MMBoe/yr 0.00 0.00 0.00 0.00 0.00 0.00
Cap Empl before depr. $mln, MOD 0.76 0.76 0.76 0.76 0.76 0.76
Depreciation $mln, MOD 0.00 0.00 0.00 0.00 0.00 0.00
Cap Empl at end year $mln, MOD 0.76 0.76 0.76 0.76 0.76 0.76
Ave. Cap Empl. $mln, MOD 0.38 0.76 0.76 0.76 0.76 0.76
NIAT $mln, MOD 0.00 0.00 0.00 0.00 0.00 0.00
ROACE 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

PSV 16
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 18
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 22
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

2.1) Abortive Case: Calculations independent on Gas and Oil prices

2.2) Abortive Case: Calculation dependent on Gas and Oil prices

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 14
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 16
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
PSV 22
100% Gas revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Oil revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
100% Total revenues $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO $mln 0.0 0.0 0.0 0.0 0.0 0.0
CO % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ECO $mln 0.0 0.0 0.0 0.0 0.0 0.0
PO $mln 0.0 0.0 0.0 0.0 0.0 0.0
Shell Entitlement % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Cum Shell CF $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Truncate CF at economic limit -1 1 0 0 0 0 0
Truncate CF at economic limit 1 1 0 0 0 0

Shell Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
Shell Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
NPV discount_rate_1-2-3 0.0 0.0 0.0
EGPC Cash Flow $mln MOD 0.0 0.0 0.0 0.0 0.0 0.0
EGPC Cash Flow $mln RT 0.0 0.0 0.0 0.0 0.0 0.0
EGPC NPV discount_rate_1-2-3 0.0 0.0 0.0
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, RT 0.0 0.0 0.0 0.0 0.0 0.0
PV Expex discount_rate_1-2-3 0.0 0.0 0.0
PV Capex discount_rate_1-2-3 0.0 0.0 0.0
PV OH 5yrs discount_rate_1-2-3 0.0 0.0 0.0
PV Opex 1yr discount_rate_1-2-3 0.0 0.0 0.0
VIR discount_rate_1-2-3 0.00 0.00 0.00
= user input cells (i.e. legislation, gas & oil prices, infaltion & discount rates)
= data transferred from sheet "User Input Historical Data".
=data transferred from cases (i.e. production forecasts, expex, capex and opex)
=calculated cells, do not input
All PV calculations are beginning of year Pv Prod'n 0%
Pv Prod'n 7%
Pv Capex 0%
Pv Capex 7%
Pv Opex 0%
Pv Opex 7%

Success NPV PV value Abortive

PSV 0% 7% 15% RTEP PV Capex VIR 0.0 PSV 0%
10 0.0 0.0 0.0 0.0 0.00 0.0 10 0.0
14 0.0 0.0 0.0 0.0 0.00 0.0 14 0.0
16 0.0 0.0 0.0 0.0 0.00 0.0 16 0.0
18 0.0 0.0 0.0 0.0 0.00 0.0 18 0.0
22 0.0 0.0 0.0 0.0 0.00 0.0 22 0.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

0 0 0 0 0 0 0 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1.13 1.15 1.17 1.20 1.22 1.24 1.27 1.29 1.32 1.35

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76
0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76 0.76
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

NPV
7% 15% RTEP PV Capex VIR
0.0 0.0 0.0 0.00
0.0 0.0 0.0 0.00
0.0 0.0 0.0 0.00
0.0 0.0 0.0 0.00
0.0 0.0 0.0 0.00
User selected concessio
NW Demiatta
User selected party for e
IOC (Shell+Partners)

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

0 0 0 0 0 0 0 0 0 0

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1.37 1.40 1.43 1.46 1.49 1.52 1.55 1.58 1.61 1.64

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

NW Demiatta

Open-Acreage

User selected concessions:

NW Demiatta
User selected party for economic indicator
IOC (Shell+Partners)

2028 2029 2030 2031

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0

0 0 0 0

2028 2029 2030 2031

0.00 0.00 0.00 0.00

1.67 1.71 1.74 1.78

NN
Case Ident Nr 4
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 5
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 6
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 7
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 8
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 9
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 10
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 11
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 12
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 13
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 14
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0

NN
Case Ident Nr 15
Year 2002 2003 2004 2005 2006 2007
Success Case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Abortive Case
MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

grand total
0.0 0.0
0.0 0.0

0.0 0.0
Cumulative data
Increments by project 5.8 Summary for Graphs Cumulative
Gas Cond Capex Gas+Cond Gas Cond
Bscf MMB $m, MOD MMBoe Bscf MMB
0 0.0 0 0 1 NN 0 0.0
0 0.0 0 0 2 NN 0 0.0
0 0.0 0 0 3 NN 0 0.0
0 0.0 0 0 4 NN 0 0.0
0 0.0 0 0 5 NN 0 0.0
0 0.0 0 0 6 NN 0 0.0
0 0.0 0 0 7 NN 0 0.0
0 0.0 0 0 8 NN 0 0.0
0 0.0 0 0 9 NN 0 0.0
0 0.0 0 0 10 NN 0 0.0
0 0.0 0 0 11 NN 0 0.0
0 0.0 0 0 12 NN 0 0.0
0 0.0 0 0 13 NN 0 0.0
0 0.0 0 0 14 NN 0 0.0
0 0.0 0 0 15 NN 0 0.0
#DIV/0!
Incremental data (1) Serial incremental cases
5.8 Summary for Graphs Cumulative 5.8
Capex Gas+Cond Gas Cond Capex Gas+Cond
$m, MOD MMBoe Bscf MMB $m, MOD MMBoe
0 0 1 NN 0 0.0 0 0
0 0 2 NN 0 0.0 0 0
0 0 3 NN 0 0.0 0 0
0 0 4 NN 0 0.0 0 0
0 0 5 NN 0 0.0 0 0
0 0 6 NN 0 0.0 0 0
0 0 7 NN 0 0.0 0 0
0 0 8 NN 0 0.0 0 0
0 0 9 NN 0 0.0 0 0
0 0 10 NN 0 0.0 0 0
0 0 11 NN 0 0.0 0 0
0 0 12 NN 0 0.0 0 0
0 0 13 NN 0 0.0 0 0
0 0 14 NN 0 0.0 0 0
0 0 15 NN 0 0.0 0 0
#DIV/0! #DIV/0!
Incremental data (2) Optional incremental cases
Summary for Graphs Cumulative 5.8
Gas+Cond Gas Cond Capex Gas+Cond
Bscf MMB $m, MOD MMBoe
1 NN 0 0.0 0 0
2 NN 0 0.0 0 0
3 NN 0 0.0 0 0
4 NN 0 0.0 0 0
5 NN 0 0.0 0 0
6 NN 0 0.0 0 0
7 NN 0 0.0 0 0
8 NN 0 0.0 0 0
9 NN 0 0.0 0 0
10 NN 0 0.0 0 0
11 NN 0 0.0 0 0
12 NN 0 0.0 0 0
13 NN 0 0.0 0 0
14 NN 0 0.0 0 0
15 NN 0 0.0 0 0
#DIV/0!
OBAIYED SCENARIOS - Economic Summary

POS
NN 100%
NN 100%
NN 100%
NN 100%
NN 100%
NN 100%
NN 100%
NN 100%
NN 100%
NN 100% Pv Prod'n 0%
NN 100% Pv Prod'n 7%
NN 100% Pv Capex 0%
NN 100% Pv Capex 7%
NN 100% Pv Opex 0%
NN 100% Pv Opex 7%

TOTAL PROJECT TOTAL PROJECT INCREMENTAL PROJECT INCREMENTAL PROJECT INCREMENTAL PROJECT RISKED
NN 1
Success NPV PV value Abortive NPV Success NPV PV value Abortive NPV EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV 0% 7% 15% RTEP PV Capex VIR - PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - 0.00 - 0.00 - 10 - - - 0.00 - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - 0.00 - 0.00 - 14 - - - 0.00 - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - 0.00 - 0.00 - 16 - - - 0.00 - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - 0.00 - 0.00 - 18 - - - 0.00 - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - 0.00 - 0.00 - 22 - - - 0.00 - 0.00 22 - - - - 0.00
NN 2
Success NPV PV value Abortive NPV NPV Ref date 1.1.2001 PV value NPV Ref date 1.1.2001 EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% - PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - - 0.00 - 10 - - - - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - - 0.00 - 14 - - - - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - - 0.00 - 16 - - - - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - - 0.00 - 18 - - - - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - - 0.00 - 22 - - - - 0.00 22 - - - - 0.00
NN 3
Success NPV PV value Abortive NPV NPV Ref date 1.1.2001 PV value NPV Ref date 1.1.2001 EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% - PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - - 0.00 - 10 - - - - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - - 0.00 - 14 - - - - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - - 0.00 - 16 - - - - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - - 0.00 - 18 - - - - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - - 0.00 - 22 - - - - 0.00 22 - - - - 0.00
NN 4
Success NPV PV value Abortive NPV NPV Ref date 1.1.2001 PV value NPV Ref date 1.1.2001 EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% - PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - - 0.00 - 10 - - - - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - - 0.00 - 14 - - - - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - - 0.00 - 16 - - - - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - - 0.00 - 18 - - - - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - - 0.00 - 22 - - - - 0.00 22 - - - - 0.00
NN 5
Success NPV PV value Abortive NPV NPV Ref date 1.1.2001 PV value NPV Ref date 1.1.2001 EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% - PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - - 0.00 - 10 - - - - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - - 0.00 - 14 - - - - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - - 0.00 - 16 - - - - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - - 0.00 - 18 - - - - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - - 0.00 - 22 - - - - 0.00 22 - - - - 0.00
NN 6
Success NPV PV value Abortive NPV NPV Ref date 1.1.2001 PV value NPV Ref date 1.1.2001 EMV Ref date 1.1.2001
PSV 0% 7% 15% RTEP PV Capex VIR 0.00 PSV 0% 7% 15% RTEP PV Capex VIR PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% - PSV $/stb 0% 7% 15% RTEP PV Capex VIR 7% PSV $/stb 0% 7% 15% RTEP PV Capex RVIR 7%
10 - - - - 0.00 0.00 10 - - - - 0.00 10 - - - - 0.00 - 10 - - - - 0.00 10 - - - - 0.00
14 - - - - 0.00 0.00 14 - - - - 0.00 14 - - - - 0.00 - 14 - - - - 0.00 14 - - - - 0.00
16 - - - - 0.00 0.00 16 - - - - 0.00 16 - - - - 0.00 - 16 - - - - 0.00 16 - - - - 0.00
18 - - - - 0.00 0.00 18 - - - - 0.00 18 - - - - 0.00 - 18 - - - - 0.00 18 - - - - 0.00
22 - - - - 0.00 0.00 22 - - - - 0.00 22 - - - - 0.00 - 22 - - - - 0.00 22 - - - - 0.00
NN 7
NN
Case Ident Nr 1
Year 2002 2003 2004 2005 2006 2007
Risked case
Gas MMscf/d 0.0 0.0 0.0 0.0 0.0 0.0
Oil/Condensate Mb/d 0.0 0.0 0.0 0.0 0.0 0.0
Expex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Capex $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
OH 5 yrs $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Opex 1 yr $mln, MOD 0.0 0.0 0.0 0.0 0.0 0.0
Non-recoverable cost $m, MOD 0.0 0.0 0.0 0.0 0.0 0.0