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27 Pages

Angola Kwanza exploration basin


Angola Kwanza exploration basin

Report summary

Prior to 2011, exploration in Angola's Kwanza Basin had been disappointing, with just a few small oil discoveries having been made in Late Cretaceous and Tertiary reservoirs. Explorers focused on the more productive reservoirs of the Lower Congo Basin instead. However, more recently, the phenomenal success of the Early Cretaceous pre-salt reservoirs in Brazil has brought the exploration potential of the Kwanza back into view. The shared geological history of the two basins has led explorers to believe that the pre-salt play in the Kwanza Basin could hold giant deposits of oil. While expectations for the play have rested on oil, recent discoveries contain considerable volumes of gas. The lack of a gas market and uncertainties around gas commercialisation are key concerns for operators, who will continue to focus on exploration and development of liquids.

What's included?

This report includes 2 file(s)

  • Angola Kwanza exploration basin PDF - 656.21 KB 27 Pages, 20 Tables, 32 Figures
  • Angola Kwanza.zip ZIP - 2.87 MB

Description

Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.

Explorers and advisors can use this report to understand the history and potential value of this basin.

Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.

Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play inputs
      • Model field pool size distribution
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
    • Development value
      • Prospect breakeven price
    • Full cycle economic analysis
      • Implied acreage value

In this report there are 52 tables or charts, including:

  • Key facts
    • Key play characteristics
    • Assumptions
  • Summary and key issues
    • Summary and key issues: Image 1
    • Summary and key issues: Image 2
    • Angola Kwanza commerciality index
  • Location maps
    • Exploration history
    • Exploration wells by play
  • Participation
    • Participation: Image 1
    • Participation: Image 2
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
    • Key companies: Image 1
    • Key companies: Image 2
    • Company success rates
  • Geology
    • Key play characteristics
  • Exploration
    • Exploration: Image 1
    • Exploration: Image 2
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Volumes discovered by year
    • Average discovery size and volume per well by year
    • Top discoveries (TYP period)
    • Reserves and resources: Image 4
    • Reserves and resources: Image 5
    • Forecast data by Play (outlook)
    • Reserves and resources: Image 6
    • Reserves and resources: Table 4
    • Reserves and resources: Table 5
    • Cretaceous Deepwater (pre-salt)
    • Cretaceous Deepwater (pre-salt)
  • Development
    • Cretaceous Deepwater (pre-salt)
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local oil price assumptions
  • Economic analysis
    • Value creation, spend and volume discovered
    • Economic analysis: Image 2
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Economic analysis: Image 5
    • Economic analysis: Image 6
    • Economic analysis: Image 7
    • Economic analysis: Image 8
    • Expected monetary value (EMV)
    • Play economics
    • Economic analysis: Table 3
    • Average value of future discoveries and implied acreage value
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