Asset Report
Angola Kwanza exploration basin
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Prior to 2011, exploration in Angola's Kwanza Basin was disappointing, with just a few small oil discoveries having been made in Late Cretaceous and Tertiary reservoirs. Explorers focused on the more productive reservoirs in the Lower Congo basin. However, the phenomenal success of the Early Cretaceous pre-salt reservoirs in Brazil brought the exploration potential of the Kwanza back into view. The shared geological history of the two basins led explorers to believe the pre-salt play in the Kwanza Basin could hold giant deposits of oil, and the 2010/2011 deepwater licensing round was highly competitive. To date 10 discoveries have been made in the deepwater pre-salt play, which is the focus of this analysis. However, discoveries so far contain considerable quantities of gas, and given the lack of a gas market and uncertainties around commercialisation, future exploration will focus solely on liquids. Full details are available to download in excel and pdf format.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
- Wells drilled
- Company activity
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Prospective resources by play
- Cretaceous Deepwater (pre-salt)
- Prospective resource costs and underlying development assumptions
- Prospect economics - Cretaceous Deepwater (pre-salt)
- Full-cycle basin economics
- Fiscal terms
- Oil and gas prices
Tables and charts
This report includes the following images and tables:
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Exploration history mapDrilling activity by well typeDiscoveries and success rates
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DiscoveriesCurrent acreage holdersCretaceous Deepwater (pre-salt)Summary of discovery and development costsUnit value of potential discoveriesBreakeven price of explorationTypical fiscal terms
- 5 more item(s)...
What's included
This report contains:
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