Name: Algeria Illizi - Ghadames exploration basin
Brand: Wood Mackenzie
SKU: 13776
Price: 2800 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 05 March 2020

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Report summary

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.