The single net lease assigns the real estate tax expense to the tenant. The triple net lease, or NNN lease, has the tenant cover the real estate taxes, insurance costs and maintenance fees in addition to the rent. A bondable lease is also called an absolute NNN lease or the very scary "hell or high water lease." In short, the NNN lease is a great tool for commercial investors.
The NNN Lease - The Key to Commercial Real Estate Investing Success
Block 17 is composed of four major production zones. A total of 15 discoveries were announced to date in Block 17.
The Girassol production zone comprises the Girassol, Jasmim and Rosa discoveries. Dalia production zone comprises the Dalia and Camelia discoveries. The Pazflor production zone comprises Hortensia, Perpetua, Acacia and Zinia discoveries. CLOV, the fourth production zone comprises Cravo, Lirio, Violeta, Orquidea, Anturio and Tulipa discoveries.
The production from the Block 17 started in 2001 from one of its producing fields in Girassol Zone. The total annual production from Block 17 in 2009 was approximately 167.2 million barrels. The maximum production capacity of block 17, encompassing all four FPSOs of all production zones totals around 890 Mbbls/d (thousand barrels per day).
The report provides detailed information on oil and gas production, infrastructure, reserves, geology, operator and equity partners and the latest fiscal terms applicable to the asset and provides its fair value (Remaining Net Present Value) based on remaining reserves, forecast production, capital and operational costs, fiscal regime and commodity prices.
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