Instructions - to be read before using the model

This workbook performs an economic and financial project analysis of using associated gas from and existing oil field.
The analysis is made for a general case and should be used as a first screening tool only.
The model contains nine different worksheets, the contents of each sheet are presented below:

Instructions This worksheet gives an overview of the main content of the model

Ass. Gas Input In this sheet the specific data on the associated gas from the oil field are to be
entered by the user of the model - see below.

Project Scope. This sheet defines four different scenarios for utilization of associated gas, and data
on project scope are to be entered by the user of the model.

Supply & Demand of Ass. Gas This sheets gives an overview of the supply of associated gas, and the maximum
demand of gas, power and LPG are to be entered

Investment Cost In this sheet the total investment costs in each of the four scenarios are calculated
based on predefined unit costs and the data entered by the user.

Cost & Prices of Energy In this sheet project specific economic cost and financial prices of energy are to be
entered

Economic Analyses This sheet performs a project specific economic analysis of the four scenarios. The
analysis shows the economic benefit of utilization of associated gas at different cost of
CO2 (USD 0 & 20 per ton of CO2)

Financial Analyses This sheet performs a project specific financial analysis of the four scenarios. The
analysis shows the viability of use of associated gas from the point of view of an
investor / oil producer / owner of the associated gas.

Results In this sheet the results of both the economic and financial analyses in each of the
four scenarios are summarized.

Coloring of Cells
In the Yellow cells all the project specific data (on the oil field analyzed, project scope, cost and prices
of energy, etc. ) are to be entered by the user of the model.

The Orange cells contain pre-inserted data, that can be changed if other data are better
for the specific project

The cells without coloring contain formulas that should remain fixed.

The Blue cells contain the results of the performed analyses, in the sheet named "Results" .
a summary of the results in all the blue cells are presented

The Purple cells contain headings and help divide the content of the spreadsheet into natural clusters

A detailed description of the methodology used in the model is described in the report:
Flared Gas Utilization Study, Final Report, February 2003.

Elaborated for the World Bank by:

COWI A/S
Industry & Energy
Associated Gas Input
Name of oilfield One
No. of operating hours per year 8,000
Year in which the first associated gas is used: 2005

Flow of Associated Gas Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Daily flow of associated gas m3/day 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
Daily flow of associated gas in US units MMSCFD 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40 1.40
Heat value of associated gas in MJ MJ/m3 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50 41.50
Heat value of associated gas in kWh kWh/m3 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5
Total energy content of associated gas MW 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2
Efficiency of gas based power production % 35%
Possible annual power production (35 % efficiency) MWh 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796

C3 + C4 Content & LPG amounts

Mole % of C3 + C4 % 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0
Approximately heat value of C3 + C4 in MJ MJ/m3 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1 8.1
Approximately heat value of C3 + C4 in kWh kWh/m3 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2 29.2
Relative density of heavy gas (C3+C4) - 1.7
Density of heavy gas (C3 + C4) kg per m3 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2
Amount of LPG in kg/day kg/day 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396 4,396
Amount of LPG in m3/day m3/day 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000

Flow of Associated Gas without C3 + C4 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Daily flow of associated gas without C3 + C4 m3/day 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000 38,000
Daily flow of associated gas in US units MMSCFD 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33 1.33
Total energy content of associated gas without C3 + C4 MW 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8 16.8
Possible annual power production (35 % efficiency) MWh 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992

Own Consumption of Energy at the Oil Field 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Diesel equivalent l/day 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526 10,526
Annual diesel consumption m3/year 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509 3,509
Energy content of diesel MJ per kg 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0 42.0
Efficiency of diesel generators % 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
Electricity produced from diesel kWh per kg 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5
Density of diesel ( = relative density) kg per liter 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84 0.84
Produced electricity per liter of diesel kWh per liter 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94 2.94
Amount of diesel per kWh liter per kWh 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34 0.34
Equivalent power consumption MW 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29
Annual power consumption MWh 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316

Various Calculated Values:

Mole weight of mixture (C3+C4) kg/kg mole 49 49 49 49 49 49 49 49 49 49 49 49 49 49 49
Quantity of C3 + C4 kg/day 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375 4,375
Project Scope
Based on the amounts and composition of the associated gas - as inserted in the sheet before this
the model calculates the net economic benefits and net financial revenue of the below scenarios
for utilization of the associated gas:

Scenario 1 Use of the associated gas for power production at the oil field and
transmission of power to the nearest electricity grid

Scenario 2 Scenario 1 plus extraction of LPG at the wellhead

Scenario 31) Transportation of the associated gas in a new gas pipeline to a site
where it can be used by a new or existing IPP / power company to
power production and /or by industries.
Scenario 4 Scenario 3 plus extraction of LPG at the wellhead
In all scenarios the present diesel consumption for power production at the oil field are
assumed to be substituted by associated gas.

1) Given the assumption that the gas can be moved before extraction of the wet part!
If the gas is rich in C3 & C4 Scenario 3 might not be possible

To calculate the investment cost in the four scenarios the below input are necessary:

Scenario 1
Distance from oil field to existing power grid 20 kilometers
Needed compression of gas (from wellhead to generator) 10 bar (g) input either 10,20,30 or 40 bar
Main type of energy replaced by associated gas for power production
1 = diesel, 2 = HFO, 3 = other 1 only 1, 2 or 3 can be inserted
Load factor - power production & transmission 0.80 normally between 0,5 & 1,0

Scenario 2
Distance from oil field to existing power grid 20 kilometers
Needed compression of gas (from wellhead to LPG separator and generator) 10 bar (g) input either 10,20,30 or 40 bar
Power produced from which main type of energy are replaced ? 1
Load factor - power production & transmission 0.80 normally between 0,5 & 1,0

Scenario 3
Distance from oil field to existing or new IPP or power company (production site) 20 kilometers
Needed compression of gas (from wellhead to power production and industrial site) 10 bar (g) input either 10,20,30 or 40 bar
Load factor - gas transmission 0.80 normally between 0,5 & 1,0
Extra investment needed at new or existing IPP or power plant 2) 0 million USD
Annual O&M of extra investment at IPP / power plant (percentages of above investment) 5%
Extra investment needed at industries to use gas 3) 0 million USD
Annual O&M of extra investment at industries (percentages of above investment) 5%

Scenario 4
Distance from oil field to existing or new IPP of power company (production site) 20 kilometers
Needed compression of gas (from wellhead to power production and industrial site) 10 bar (g) input either 10,20,30 or 40 bar
Load factor - gas transmission 0.80 normally between 0.5 & 1.0
Extra investment needed at new or existing IPP or power plant 2) 0 million USD
Annual O&M of extra investment at IPP / power plant (percentages of above investment) 5%
Extra investment needed at industries to use gas 3) 0 million USD
Annual O&M of extra investment at industries (percentages of above investment) 5%

2) Extra investments at the IPP or power plant are for instance extra cost of gas based generators compared
to diesel based generators . All cost beyond the power producing plant ( transmission, distribution and
end-user connections) are not to be included as these cost apply both to diesel and gas based power
production.

3) Extra investments at the industrial end-users are for instance extra cost of gas based equipment compared
to diesel based equipment.
Maximum Supply of Associated Gas
Year Annual 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Amount of Associated Gas million m3 - 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33
- of which gas without C3 + C4 million m3 - 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67
- of which C3 + C4 million m3 - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67

Maximum power production MWh - 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796 53,796
- of which gas without C3 + C4 MWh - 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992 46,992
- of which C3 + C4 MWh - 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804 6,804

Maximum LPG production ton - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465

Maximum Demand for Associated Gas

Year Annual 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Maximum gas demand of IPP/power plant million m3 - 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00 20.00
Maximum industrial gas demand million m3 - - - - - - - - - - - - - - - -

Maximum power consumption at oil field MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Maximum grid absorption capacity MWh - 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Total maximum power consumption MWh 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316

Maximum LPG domestic/local demand ton - 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Maximum LPG export potential1) ton - 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
Total LPG demand ton 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000

1) the export potential is normally either zero or very large (infinite)

Actual Supply (no LPG Production)

Either:
Power produced from gas at oil field MWh 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316
Or:
Gas transmission for IPP / power plant 2) million m3 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33
Gas transmission for industrial use million m3 - - - - - - - - - - - - - - -

2) use of gas to electricity production is in the model given priority to gas for industrial use

Actual Supply - with LPG Production

LPG ton 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465
Excess amounts of gas with C3 + C43) million m3 - - - - - - - - - - - - - -
Excess amounts of gas with C3 + C4 MWh - - - - - - - - - - - - - - -
Either:
Power produced from gas at oil field MWh 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316
Or:
Gas transmission for IPP / power plant 2) million m3 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67
Gas transmission for industrial use million m3 - - - - - - - - - - - - - - -

3) This is the amount of gas with C3 + C4 which due to demand restrictions can not be used for LPG production.
Investment Costs
Invest- O&M O&M
ment % cost
per year
Scenario 1 Power production at the oil field and transmission of power to grid

Compression of gas bar (g) 10 Million USD 1.90 5% 0.09

Gas based power generation plant MW 7.1 Million USD 5.70 5% 0.29
Power transmission kilometers 20 Million USD 0.50 2% 0.01
Total Investment Million USD 8.10 0.39

Scenario 2 Scenario 1 plus extraction of LPG

Compression of gas bar (g) 10 Million USD 1.90 5% 0.09

Gas based power generation plant MW 7.1 Million USD 5.70 5% 0.29
Power transmission kilometers 20 Million USD 0.50 2% 0.01
Dehydration of gas tons 1,465 Million USD 1.84 5% 0.09
Chilling of gas tons 1,465 Million USD 0.80 5% 0.04
Distillation, storage etc. tons 1,465 Million USD 0.50 5% 0.02
Total Investment Million USD 11.24 0.55

Scenario 3 Transportation of gas to new or existing IPP / power company and industrial users

Compression of gas bar (g) 10 Million USD 1.90 5% 0.09

Transmission of gas million m3 20 Million USD 0.74 2% 0.01
Extra investment in power generation - - Million USD - 5% -
Extra investment in industries - - Million USD - 5% -
Total Investment Million USD 2.64 0.11

Scenario 4 Scenario 3 plus extraction of LPG

Compression of gas bar (g) 10

Million USD 1.90 5% 0.09
Transmission of gas million m3 20
Million USD 0.73 2% 0.01
Extra investment in power generation - - Million USD - 5% -
Extra investment in industries - - Million USD - 5% -
Dehydration of gas tons 1,465 Million USD 1.84 5% 0.09
Chilling of gas tons 1,465 Million USD 0.80 5% 0.04
Distillation, storage etc. tons 1,465 Million USD 0.50 5% 0.02
Total Investment Million USD 5.76 0.27

Unit Investment Costs

O&M %
Formulas used per year
Compression of gas The used formulas are described in Annex 3 of the report
Cost of gas compression to 30 bar 32.7 million USD * (flow m3/hour/ 240,000)0.6 5%
Cost of gas compression to 80 bar 42.5 million USD * (flow m3/hour/ 240,000)0.6

Gas Transmission Line

Cost of gas transmission (PE-pipes) 0.04 million USD* kilometer * (flow m3/hour/ 2,500)0.4 2%

LPG production
Dehydration of gas, large scale 53.0 million USD * (flow m3 /hour/ 450,000)0.6 5%
Dehydration of gas, small scale 0.74 million USD * (flow m3/hour/10,410)0.6
Chilling of gas 23.0 million USD * (flow m3 /hour/ 450,000)0.6 5%

LPG production Unit Cost

Distillation, storage etc. 0.00034 million USD per ton 5%

Gas Based Generating Plant

Cost of gas based power generating 0.8000 million USD per MW 5%
plant
Power Transmission Line
Cost of power transmission line 0.0200 million USD per kilometer 2%
Economic Cost of Fuels and CO2

Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Cost of diesel at oil field USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Cost of diesel at new or exist. IPP or power plant USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Cost of fuel at industries (diesel equivalent) USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Cost of diesel produced power at oil field USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
Cost of power at grid connection point USD per MWh 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Cost of diesel produced power at IPP/ power Pl USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
Cost of fuel at industries (diesel equivalent) USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
Cost of LPG at nearest harbor USD / ton 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325
LPG transport cost from harbor to border USD / ton - - - - - - - - - - - - - - - -
LPG import price cif border USD / ton 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325
LPG local transportation from border to refinery USD / ton 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15
LPG transportation cost from oil field to refinery USD / ton 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10
Cost of LPG USD / ton 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350
LPG export to World Market USD / ton 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300
CO2 emission from diesel compared to gas plus % 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
CO2 emission from HFO compared to gas plus % 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
CO2 emission from Field 1 gas kg CO2 per m3 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90
Cost of CO2 emission - low value case USD per ton CO2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of CO2 emission - high value case USD per ton CO2 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20

Economic discounting rate 12%

Financial Prices of Fuels and CO2

Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Price of diesel at oil field USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Price of diesel at new or exist. IPP or power plant USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Price of fuel at industries (diesel equivalent) USD / liter 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Price of diesel produced power at oil field USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
Price of power at grid connection point USD per MWh 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
Price of diesel produced power at IPP/ power pl USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
Price of fuel at industries (diesel equivalent) USD per MWh - 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03 85.03
LPG price at nearest harbor USD / ton 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325
LPG transport cost from harbor to border USD / ton - - - - - - - - - - - - - - - -
LPG import price cif border USD / ton 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325 325
LPG local transportation from border to refinery USD / ton 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15
LPG transportation cost from oil field to refinery USD / ton 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10
Purchase price ab new refinery at oil field USD / ton 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350
LPG export price - to World Market USD / ton 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300
CO2 emission from diesel compared to gas plus % 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
CO2 emission from oil field kg CO2 per m3 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90 2.90

Value of CER (reduced CO2 emission ) USD per ton CO2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

Financial discounting rate 15%
Economic Analyses
Use of Associated Gas from Oil Field: One Fixed 2004 prices

Present Economic Cost of Flaring Scenario

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Associated Gas Production
Associated Gas from oil production million m3 / year 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33

Present Power Consumption at oil field

Total diesel based consumption MWh 10,316 10315.8 10315.8 10316 10316 10316 10316 10316 10316 10316 10316 10316 10316 10316 10316 10316

CO2 from flaring

Total CO2 emission from flaring tons 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667

Total Cost of Flaring

Cost of diesel consumption at oil field million USD 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Cost of CO2 emission - low value CO2 case million USD - - - - - - - - - - - - - - - -
Cost of CO2 emission - high value CO2 case million USD 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77

Net Costs of Flaring - NPV (low) 5.97 million USD

Net Costs of Flaring - NPV (high) 11.24 million USD
Scenario 1 - Power Production at Oil Field

Amounts of Energy - Scenario 1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - - - - - - - - - - - - - - - -
Gas for power generation million m3 / year - 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99
Total CO2 emission reduction from flaring tons - 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Total power production MWh - 40,316 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607

Economic Cost - Scenario 1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 8.1 - - - - - - - - - - - - - - -
Total O&M million USD - 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Total Cost million USD 8.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4

NPV of Total Costs 9.60 million USD

Economic Benefits - Scenario 1

Saved cost of diesel at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Saved cost of power production million USD - 1.85 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25
Saved CO2 cost of flaring (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (high) million USD - 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58
Saved CO2 cost of power production (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of power production (high) million USD - 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Total Benefits (low) million USD - 2.73 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13 3.13
Total Benefit (high) million USD - 3.43 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82 3.82

NPV of Benefits 18.70 million USD

NPV of Benefits 22.93 million USD

Net Benefits (low) million USD -8.10 2.34 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74 2.74
Net Benefits (high) million USD -8.10 3.04 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43 3.43

Net Benefits of Scenario 1 (low) 9.10 million USD

Net Benefits of Scenario 1 (high) 13.33 million USD
Scenario 2 - Power & LPG Production at the Oil Field

Amounts of Energy - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Gas for power generation million m3 / year - 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87
Total CO2 emission reduction from flaring tons - 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448

LPG to local market ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465
LPG to export market ton / year - - - - - - - - - - - - - - - -
Total LPG production ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Total power production MWh - 40,316 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607

Economic Cost - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 11.2 - - - - - - - - - - - - - - -
Total O&M million USD - 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Total Cost million USD 11.2 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

NPV of Total Costs 13.36 million USD

Economic Benefits - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Saved cost of diesel at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Saved cost of power production million USD - 1.85 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25
Saved cost of LPG - local market million USD - 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51
Saved cost of LPG - export million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (high) million USD - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Saved CO2 cost of power production (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of power production (high) million USD - 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Total Benefits (low) million USD - 3.24 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64 3.64
Total Benefit (high) million USD - 4.05 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44 4.44

NPV of Benefits 21.82 million USD

NPV of Benefits 26.70 million USD

Net Benefits (low) million USD -11.24 2.70 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09
Net Benefits (high) million USD -11.24 3.50 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90

Net Benefits of Scenario 2 (low) 8.5 million USD

Net Benefits of Scenario 2 (high) 13.3 million USD
Scenario 3 - Gas Transmission to Power Plant & Industries

Amounts of Energy - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - - - - - - - - - - - - - - - -
Gas transmission for IPP / power plant million m3 / year - 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33
Gas transmission for industries million m3 / year - - - - - - - - - - - - - - - -
Total CO2 emission reduction from flaring tons - 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709
Total power production MWh - 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316

Economic Cost - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 2.6 - - - - - - - - - - - - - - -
Total O&M million USD - 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Cost million USD 2.6 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

NPV of Total Costs 3.02 million USD

Economic Benefits - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Saved cost of diesel at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Saved cost of diesel at IPP or power plant million USD - 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10
Saved cost of fuels at industries million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (high) million USD - 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77
Saved CO2 cost of power production (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of power production (high) million USD - 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Total Benefits (low) million USD - 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98
Total Benefit (high) million USD - 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91 3.91

NPV of Benefits 18.11 million USD

NPV of Benefits 23.75 million USD

Net Benefits (low) million USD -2.64 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87 2.87
Net Benefits (high) million USD -2.64 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80 3.80

Net Benefits of Scenario 3 (low) 15.1 million USD

Net Benefits of Scenario 3 (high) 20.7 million USD
Scenario 4 - LPG Production and Gas Transmission to Power Plant & Industries

Amounts of Energy - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Gas transmission for IPP / power plant million m3 / year - 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67
Gas transmission for industries million m3 / year - - - - - - - - - - - - - - -
Total CO2 emission reduction from flaring tons - 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667

LPG to local market ton / year - 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465
LPG to export market ton / year - - - - - - - - - - - - - - - -
Total LPG production ton / year - 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465 1465

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709
Total power production MWh - 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316

Economic Cost - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 5.8 - - - - - - - - - - - - - - -
Total O&M million USD - 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Total Cost million USD 5.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3

NPV of Total Costs 6.77 million USD

Economic Benefits - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Saved cost of diesel at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Saved cost of diesel at IPP or power plant million USD - 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10
Saved cost of fuels at industries million USD - - - - - - - - - - - - - - -
Saved cost of LPG - local market million USD - 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51
Saved cost of LPG - export million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of flaring (high) million USD - 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77 0.77
Saved CO2 cost of power production (low) million USD - - - - - - - - - - - - - - - -
Saved CO2 cost of power production (high) million USD - 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Total Benefits (low) million USD - 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49 3.49
Total Benefit (high) million USD - 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42 4.42

NPV of Benefits 21.23 million USD

NPV of Benefits 26.87 million USD

Net Benefits (low) million USD -5.76 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22 3.22
Net Benefits (high) million USD -5.76 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15

Net Benefits of Scenario 4 (low) 14.5 million USD

Net Benefits of Scenario 4 (high) 20.1 million USD
Financial Analyses
Sale of Associated Gas from Oil Field: One Fixed 2004 prices

Scenario 1

Amounts of Energy - Scenario 1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - - - - - - - - - - - - - - - -
Gas for power production million m3 / year - 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99 9.99
Total CO2 emission reduction from flaring tons - 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977 28,977

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Total power production MWh - 40,316 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607

Financial Cost - Scenario 1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 8.1 - - - - - - - - - - - - - - -
Total O&M million USD - 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Total Cost million USD 8.1 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4

NPV of Total Costs 9.02 million USD

Financial Income - Scenario 1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sale of gas to power production at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Sale of power to grid million USD - 1.85 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25
Income from sales of CER million USD - 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Total Income million USD - 2.82 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21

NPV of Total Income 16.04 million USD

Net Income million USD -8.10 2.43 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82 2.82

NPV of Net Income of Scenario 1 7.02 million USD

Scenario 2 - Power & LPG Production at the Oil Field

Amounts of Energy - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Gas for power production million m3 / year - 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87 10.87
Total CO2 emission reduction from flaring tons - 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448 33,448

LPG to local market ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465
LPG to export market ton / year - - - - - - - - - - - - - - - -
Total LPG production ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465
- - - - - - - - - - - - - - - -
Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000
Total power production MWh - 40,316 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607 45,607

Financial Cost - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 11.2 - - - - - - - - - - - - - - -
Total O&M million USD - 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Total Cost million USD 11.2 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

NPV of Total Costs 12.55 million USD

Financial Income - Scenario 2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sale of gas to power production at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Sale of power to grid million USD - 1.85 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25
Sale of LPG to local market million USD - 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51
Export of LPG million USD - - - - - - - - - - - - - - - -
Income from sales of CER million USD - 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Total Income million USD - 3.34 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74 3.74

NPV of Total Income 18.72 million USD

Net Income million USD -11.24 2.80 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19

NPV of Net Income of Scenario 2 6.17 million USD

Scenario 3 - Gas Transmission to Power Plant & Industries

Amounts of Energy - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - - - - - - - - - - - - - - - -
Gas transmission for IPP / power plant million m3 / year - 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33 13.33
Gas transmission for industries million m3 / year - - - - - - - - - - - - - - - -
Total CO2 emission reduction from flaring tons - 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of gas to IPP / power plant / industries MWh - 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709
Total power production MWh - 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316

Financial Cost - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 2.6 - - - - - - - - - - - - - - -
Total O&M million USD - 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Cost million USD 2.6 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

NPV of Total Costs 2.85 million USD

Financial Income - Scenario 3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sale of gas to power production at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Sale of gas to IPP / power plant million USD - 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10
Sale of gas to industries million USD - - - - - - - - - - - - - - - -
Income from sales of CER million USD - 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Total Income million USD - 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09 3.09

NPV of Total Income 15.73 million USD

Net Income million USD -2.64 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98 2.98

NPV of Net Income of Scenario 3 12.88 million USD

Scenario 4 - LPG Production and Gas Transmission to Power Plant & Industries

Amounts of Energy - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gas for LPG production million m3 / year - 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Gas transmission for IPP / power plant million m3 / year - 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67 12.67
Gas transmission for industries million m3 / year - - - - - - - - - - - - - - - -
Total CO2 emission reduction from flaring tons - 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667 38,667
- - - - - - - - - - - - - - - -
LPG to local market ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465
LPG to export market ton / year - - - - - - - - - - - - - - - -
Total LPG production ton / year - 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465 1,465

Present use at oil field (to own power production) MWh - 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316 10,316
Power for gas compression MWh - 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291 5,291
Supply of power to grid MWh - 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709 24,709
Total power production MWh - 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316 40,316

Financial Cost - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Investment Cost million USD 5.8 - - - - - - - - - - - - - - -
Total O&M million USD - 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Total Cost million USD 5.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3

NPV of Total Costs 6.37 million USD

Financial Income - Scenario 4 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Sale of gas to power production at oil field million USD - 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
Sale of gas to IPP / power plant million USD 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10 2.10
Sale of gas to industries million USD - - - - - - - - - - - - - - -
Sale of LPG to local market million USD 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51
Export of LPG to World Market million USD - - - - - - - - - - - - - - -
Income from sales of CER million USD 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12 0.12
Total Income million USD 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61

NPV of Total Income 21.09 million USD

Net Income million USD -5.76 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34 3.34

NPV of Net Income of Scenario 4 11.97 million USD

Results of Economic & Financial Analyses

Results of Economic Analysis 0 USD per ton CO2

Net Marginal Gas Flared Gas Used

NPV million USD Benefits Costs Benefits Benefit % %

Present Flaring Scenario 0 6.0 -6.0 - 100% 0%

Scenario 1 18.7 9.6 9.1 15.1 0% 100%
Scenario 2 21.8 13.4 8.5 14.4 0% 100%
Scenario 3 18.1 3.0 15.1 21.1 0% 100%
Scenario 4 21.2 6.8 14.5 20.4 0% 100%

Results of Economic Analysis 20 USD per ton CO2

Net Marginal Gas Flared Gas Used

NPV million USD Benefits Costs Benefits Benefit % %

Present Flaring Scenario 0.0 11.2 -11.2 - 100% 0%

Scenario 1 22.9 9.6 13.3 24.6 0% 100%
Scenario 2 26.7 13.4 13.3 24.6 0% 100%
Scenario 3 23.8 3.0 20.7 32.0 0% 100%
Scenario 4 26.9 6.8 20.1 31.3 0% 100%

Results of Financial Analysis Sale of CER at 3 per ton CO2

Net Marginal Gas Flared Gas Used

NPV million USD Income Costs Income Income % %

Present Flaring Scenario 0 0 0 - 100% 0%

Scenario 1 16.0 9.0 7.0 7.0 0% 100%
Scenario 2 18.7 12.6 6.2 6.2 0% 100%
Scenario 3 15.7 2.9 12.9 12.9 0% 100%
Scenario 4 21.1 6.4 12.0 12.0 0% 100%
Field1

2500

Page 21
Field2

5000

Page 22
 Field3

20000

Page 23
 Field4

40000

Page 24
 Field 5

60000

Page 25
 Dist1

20

Page 26
 Dist2

40

Page 27
 Dist3

100

Page 28
 Dist4

250

Page 29
 Dist5

600

Page 30
Gridabs1

60000

Page 31
Gridabs2

20000

Page 32
Gridabs3

5000

Page 33
Gridabs4

2500

Page 34
Powercost1

75

Page 35
Powercost2

50

Page 36
Powercost3

25

Page 37
 LPGcost1

125

Page 38
 LPGcost2

225

Page 39
 LPGcost3

325

Page 40
 LPGcost4

425

Page 41
LPGshare1

Page 42
LPGshare2

15

Page 43
LPGshare3

30

Page 44