Asset Report
Algeria Illizi Ghadames exploration basin
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Report summary
The Algerian Illizi-Ghadames Basin is a proven petroleum province in a desert setting. The basin borders Libya in the southeast, Tunisia in the northeast and is bounded to the west by the Oued Mya Basin. Exploration started in the 1950s, and 28.1 bnboe have been discovered in Paleozoic and Mesozoic reservoirs – the two key plays in this basin. Explorers in the Algerian Illizi-Ghadames Basin will have to work hard to create value, due to harsh fiscal terms and above average development costs, but positive returns are possible. The Hydrocarbon Law that came into force in 2013 included fiscal reforms and tax breaks aimed at invigorating exploration. However, it also added fiscal complexity, with taxes and royalties varying according to location, rate of production, plateau production rate, capital spend and profitability. Therefore, project economics will be variable in the basins and require a case-by-case analysis. Full details are available to download in excel and pdf format.
Table of contents
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Key facts
- Key play characteristics
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Summary and key issues
- Key issues include:
- Location maps
- Participation
-
Key companies
- Licensing participation
- Geology
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Exploration
- Wells drilled
- Basin success rates
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Reserves and resources
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Volumes discovered
- Creaming curve and key play data
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Volumes discovered
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Development
- Prospective resource costs and underlying development assumptions
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Costs
- Recent discovery costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic assumptions
- Oil and gas prices
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Economic analysis
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TYP Economics
- Paleozoic Gas
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Expected monetary value (EMV)
- Play economics
- Full-cycle basin economics
- Implied acreage value
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TYP Economics
Tables and charts
This report includes 61 images and tables including:
- Value creation versus investment (TYP period)
- Value creation versus investment (outlook)
- Exploration history map
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Key facts: Table 1
- Assumptions
- Commerciality index
- Key licence holders
- Key well operators (TYP period) and success rates*
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Drilling activity by well type
- Cumulative exploration wells by play
- Discoveries and success rates
- Discoveries by licence year and drilling year
- Basin creaming curve
- Key basin data
- Volumes discovered by year
- Average discovery size and volume per well by year
- Top discoveries (TYP period)
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- Forecast data by Play (outlook)
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Costs: Table 1
- Summary of discovery and development costs
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Typical fiscal terms
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
- Value creation, spend and volume discovered
- Returns by drilling year
- Breakeven price versus prospect size
- Value creation versus investment
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Paleozoic Gas
- Economic analysis: Table 4
- Full-cycle economic analysis
- Average value of future discoveries and implied acreage value
- Paleozoic Gas
- Reserves and resources: Table 4
- Reserves and resources: Image 7
- Reserves and resources: Table 5
- Reserves and resources: Table 6
- Paleozoic-Mesozoic Oil
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Value of potential discoveries
- Unit value of potential discoveries
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Breakeven price of exploration
- Economic analysis: Image 12
What's included
This report contains:
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