Rotokawa Crown Wells Valuation
- ClientNew Zealand Treasury
- Date2015
- LocationRotokawa, New Zealand
Thorndon Cook Staff- Grant Morris
- Chris Taylor
- Brian Leonard
The Project
Provide a valuation of RK6 and RK8 Crown owned wells for potential inclusion in Ngāti Tūwharetoa Hapu Forum’s Agreement in Principle to settle its historical Treaty of Waitangi claim
Our Role
- Review of land ownership, covenants and land valuation, and review of existing resource consents and assessment of consent costs and timeframe
- Assessment of potential uses of geothermal fluid and consequent capital and operating costs and revenue
- Consider depreciated replacement cost and income approaches
- Review geothermal reservoir attributes, well productivity, makeup drilling costs, steamfield and power plant developments costs, transmission options and costs, electricity price projections and competitor activities, LRMC of geothermal developments, and direct use options.
- Prepare Capex and Opex for the development options, including greenfield development
- Valuation in accordance with NZ IAS 16: Property, Plant and Equipment accounting standard which is the New Zealand equivalent to the International Accounting Standard 16.
Results
The work by Thorndon Cook provided the client with an independent third-party assessment of the asset values.
Capabilities
Disciplines:
mechanical engineering, electrical engineering
Resources:
conceptual engineering, capital and operating costs estimation
Advice:
asset evaluation and valuation