Presentazione di PowerPoint

1
Scuola Enrico Mattei Master Medea Academic Year
2003-2004

• MultiPhase Boosting Technolgy
• Technology Economic Evaluation

Group members
Silvia Fazi Mirco Gastaldello Dario
Li Gioi Massimo Stolzuoli Simona
Varrasso
Tutors Maurizio Granato Nicola De
Blasio Alberto Marsala Giorgio Vicini

San Donato Milanese, 28th June 2004
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Double Screw Pump Technology

• Produce at Lower Costs
• Reducing the Export Pipelines
• Using the Existing Facilities

• Increase Production
• Wellhead Back Pressure Reduction
• Recovery Factor Increasing

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Basic assumptions
? RD total expenditure 33.5697 Mln since
1985 - RD Off-Shore share 63.1 - RD
On-Shore share 36.9
? WACC 8.10
? Inflation rate 2.50
? Oil prices (_at_2003) 18 24 /bbl
? Gas prices (_at_2003) On-Shore 1.99 2.65
/Mbtu Off-Shore 2.13
2.84 /Mbtu
? Electricity prices correlated to gas prices
? Technology life 15 years
? Linear / quadratic trend hypothesis for
breakeven analysis
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On-Shore Field

• Mature technology
• ENIs share 50
• Application life 4 years
• Differential analysis between pump enhanced
  production and normal production
• NPV (ENIs share)
• - oil price_at_18/bbl 1.65 Mln
• - oil price_at_24/bbl 2.25 Mln

On-Shore Field

• Innovative application
• ENIs share 70
• Application life 9 years
• Differential analysis between pump enhanced
  production gas-lift production
• NPV (ENIs share)
• - oil price_at_18/bbl 8.255 Mln
• - oil price_at_24/bbl 13.062 Mln

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15 year technology life Cash FlowOn-Shore Field
(hp linear trend)
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Break Even On-Shore (hp linear trend)
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15 year technology life Cash FlowOff-Shore
Field (hp linear trend)
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Break Even Off-Shore (hp linear trend)
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Conclusion

• The technology has achieved
• Improvement of oil and gas recovery rate
• Recovery of oil and gas from depleted fields
• Less requirements in terms of facilities and
  pipelines
• Quick recovery of the money invested

Thank you

• On the other hand
• Reduced competitive advantage on the market