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. Exploration in the basin started in the 1950s, and since then a large number of commercial and technical oil and gas discoveries have been made in Paleozoic and Mesozoic reservoirs – the two key plays in this basin. Explorers in the basin will struggle to create value due, particularly in the Paleozoic Gas play, to harsh fiscal terms and above average development costs.
What's included
This report contains
Table of contents
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Key facts
- Key play characteristics
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Summary and key issues
- Commerciality index
- Location maps
- Participation
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Key companies
- Licensing participation
- Geology
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Exploration
- Wells drilled
- Basin success rates
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Reserves and resources
- Volumes discovered
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Yet-to-find potential
- Creaming curve and key play data
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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 assumptions
- Oil and gas prices
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Economic analysis
- TYP Economics
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The difference in development value between the various prospects are largely influenced by different royalty rates and PRT taxes which are determined by cumulative value with rates reaching up to 70%.
- Paleozoic Gas
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Expected monetary value (EMV)
- Play economics
- Full-cycle basin economics
- Implied acreage value
Tables and charts
This report includes 61 images and tables including:
Images
- 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
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Summary and key issues: Image 3
- 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
- Volumes discovered by year
- Average discovery size and volume per well by year
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- 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
- Reserves and resources: Image 7
- Reserves and resources: Image 8
- Reserves and resources: Image 9
- 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
Tables
- Key play characteristics
- Recent discovery costs
- Summary of discovery and development costs
- Key facts: Table 1
- Key licence holders
- Key well operators (TYP period)
- Key companies: Table 3
- Key basin data
- Top discoveries (TYP period)
- Forecast data by Play (outlook)
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Typical fiscal terms
- Paleozoic Gas
- Paleozoic-Mesozoic Oil
- Paleozoic Gas
- Economic analysis: Table 4
- Full-cycle economic analysis
- Average value of future discoveries and implied acreage value
- Reserves and resources: Table 4
- Reserves and resources: Table 5
- Reserves and resources: Table 6
- Paleozoic-Mesozoic Oil
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