Asset Report

Angola Kwanza exploration basin

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10 September 2021

Angola Kwanza exploration basin

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

    • Advantages:
    • Challenges:
  • Wells drilled
  • Company activity
    • Cretaceous Deepwater (pre-salt)
  • Prospective resource costs and underlying development assumptions
  • Prospect economics - Cretaceous Deepwater (pre-salt)
  • Full-cycle basin economics
  • Licensing
  • Fiscal terms
  • Oil and gas prices

Tables and charts

This report includes 17 images and tables including:

  • Exploration history map
  • Drilling activity by well type
  • Discoveries and success rates
  • Top 10 discoveries
  • Current acreage holders
  • Cretaceous Deepwater (pre-salt)
  • Summary of discovery and development costs
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Typical fiscal terms
  • Brent and local oil price assumptions
  • Exploration wells by play
  • Key play characteristics
  • Creaming curve
  • Prospective resource summary

What's included

This report contains:

  • Document

    Angola Kwanza exploration basin

    PDF 1.86 MB

  • Document

    Angola Kwanza exploration basin

    ZIP 5.86 MB