Asset Report

Algeria Illizi - Ghadames exploration basin

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The Illizi-Ghadames Basin is a proven petroleum province in a desert setting. The basin extends from Algeria into Libya in the southeast, Tunisia in the northeast and is bounded to the west by the Oued Mya Basin. Exploration in the basin started in the early 1900s, and since then a large number of commercial and sub-commercial oil and gas discoveries have been made in Paleozoic and Mesozoic reservoirs – the two key plays in this basin. Explorers in the Algerian Illizi-Ghadames Basin have had to work hard to create value as fiscal terms have historically been harsh. The basin is mature, there is a high level of bureaucracy and there are above average development costs. However, new fiscal terms introduced as part of the 2020 Hydrocarbon Law have greatly improved the potential for value creation and positive returns are possible.

Table of contents

  • Key issues include:
  • Licensing participation
  • Wells drilled
  • Basin success rates
  • Volumes discovered
  • Prospective resource potential
    • Creaming curve and key play data
    • Model field pool size distribution
    • Existing discoveries and modelled prospective resource pool size distribution
  • Prospective resource costs and underlying development assumptions
  • Licensing
  • Fiscal terms
  • Oil and gas prices
  • TYP Economics
  • Outlook Economics
    • Paleozoic Gas
    • Paleozoic-Mesozoic Oil
    • Prospect breakeven price
    • Paleozoic Gas
    • Paleozoic-Mesozoic Oil
  • Expected monetary value (EMV)
  • Play economics
  • Full-cycle basin economics
  • Implied acreage value

Tables and charts

This report includes 57 images and tables including:

  • Commerciality index
  • Exploration history
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key licence holders
  • Key well operators (TYP period) and success rates*
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Key play characteristics
  • 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
  • Recent discovery costs
  • Summary of discovery and development costs
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • 2019 Hydrocarbon Law 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
  • Paleozoic-Mesozoic Oil
  • Full-cycle economic analysis
  • Average value of future discoveries and implied acreage value
  • Paleozoic Gas
  • Paleozoic-Mesozoic Oil
  • Paleozoic Gas
  • 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
  • Discount rate breakeven price sensitivities

What's included

This report contains:

  • Document

    Algeria_Illizi_Ghadames.zip

    ZIP 4.67 MB