Albania Ionian Sea exploration basin
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Report summary
Exploration in the Albania Ionian Sea Basin began in the early 20th century and has historically focused on the shallow Tertiary Onshore play, which is characterised by small (<10 mmboe), predominantly heavy oil fields. Exploration in the Ionian Sea was transformed in 2013, when Petromanas, partnered by Shell, made a large, play-opening discovery. The 160 mmbbl Shpiragu discovery is the largest onshore find in Europe for over a decade, and accounts for a third of the total volume discovered in the Ionian Sea to date. The newly opened play is complex - Triassic to Eocene fractured carbonates, buried to more than 6,000 metres. This Exploration Basin report provides a detailed analysis of exploration in this basin, including costs, discovered and yet-to-find volume and prospect and play economics. It is accompanied by multiple excel downloads.
What's included
This report contains
Table of contents
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Key facts
- Assumptions
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Summary and key issues
- Key issues include:
- Location maps
- Participation
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Geology
- Key play characteristics
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Exploration
- Wells drilled and success rates
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Reserves and resources
- Volumes discovered
- Yet-to-find potential
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Development
- Yet-to-find costs and underlying development assumptions
- Costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic analysis
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TYP and outlook economics
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Prospect economics
- Deep Onshore Carbonates
- Expected monetary value
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Prospect economics
- Full cycle basin economics
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TYP and outlook economics
Tables and charts
This report includes 25 images and tables including:
Images
- Value creation versus investment (TYP period)
- Value creation versus investment (outlook)
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Exploration and appraisal spend
- Commerciality index
- Drilling activity by well type
- Discoveries and success rates
- Deep Onshore Carbonates
- Economic analysis: Image 1
- Economic analysis: Image 2
- Unit value of potential discoveries
- Prospect breakeven prices
Tables
- Play level data
- Summary of discovery and development costs
- Key facts: Table 2
- Price assumptions
- Geology: Table 1
- All discoveries (TYP period)
- Reserves and resources: Table 2
- Deep Onshore Carbonates
- Typical fiscal terms
- Full cycle economic analysis
- Deep Onshore Carbonates
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