Oil and Gas Exploration Economic Model
The Oil and Gas Exploration Economic Model is an excel based model is designed to provide screening economics for the evaluation of oil and gas exploration prospects and discoveries on the Nova Scotian shelf in the shallow waters around Sable Island, either as tie-ins to existing infrastructure or as stand-alone developments, and in deep water either as stand alone or with subsea tie back to existing infrastructure.
The model provides full cycle calculations, from exploration to abandonment, and includes Nova Scotia offshore royalty and provincial and federal corporate income taxes. The government share is therefore incorporated into the cash flow and economic indicator calculations.