This download is a full economic model for the development of Exxon, Hess and CNOOC-Nexen’s Stabroek block in Guyana.
The output is our base case expectation for the block’s ultimate value, resources, production volumes, cash flows, capex and per-barrel economics.
Sensitivities can modeled as a function of oil prices, WACCs, resource volumes and other costs.
Exploration results to-date are also tabulated in the ‘E&A’ tab, underpinning our resource estimates.
After the COVID crisis, our NAV estimate has arguably increased by c9%, despite oil crashing in 2020 and a 1-year delay to FPSOs 4&5.