Asset report

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

  • Document

    Albania Ionian Sea.zip

    ZIP 2.62 MB

  • Document

    Albania Ionian Sea exploration basin

    PDF 695.80 KB

  • Document

    Albania Ionian Sea exploration basin

    ZIP 3.20 MB

Table of contents

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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