Asset Report

Angola Lower Congo exploration basin

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The Lower Congo Basin is one of a series of prolific oil and gas producing basins along Africa’s Atlantic south conjugate margin. Despite its long exploration history, significant prospective resource exists, particularly within the deepwater Tertiary turbidites. Smaller volumes remain in the Cretaceous carbonate play within the shelf environment, where explorers can benefit from lower costs and shorter lead times. Explorers have the opportunity to create value in the basin, although high costs and PSC terms limit returns. Exploration activity has stalled in recent years, but we expect well numbers to pick up following recent drilling success.

Table of contents

  • Advantages:
  • Challenges:
  • Wells drilled
    • Cretaceous Shelf
    • Tertiary Deepwater
  • Prospective resource costs and underlying development assumptions
  • Prospect economics - Cretaceous Shelf
  • Prospect economics - Tertiary deepwater
  • Prospect economics - Tertiary Ultra-deepwater
  • Full-cycle basin economics
  • Licensing
  • Fiscal terms
  • Oil and gas prices

Tables and charts

This report includes the following images and tables:

  • Exploration plays map
  • Key play characteristics
  • Exploration history map
  • Drilling activity by well type
  • Discoveries and success rates
  • Top 10 discoveries
  • Current acreage holders
  • Cretaceous shelf
  • Tertiary Deepwater
  • Tertiary Ultra-Deepwater
  • Summary of discovery and development costs
  • Unit value of potential discoveries
  • 17 more item(s)...

What's included

This report contains: