Angola Lower Congo exploration basin
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Report summary
The Lower Congo Basin is one of a series of prolific oil and gas producing basins along Africa’s Atlantic coast. Significant prospective resource exists, particularly within the deepwater and ultra-deepwater Tertiary turbidite sandstone formations. 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, and we expect well numbers to pick up albeit at a subdued level.
What's included
This report contains
Table of contents
- Key facts
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Summary and key issues
- Key issues include:
- Location maps
- Participation
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Key companies
- Licensing participation
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Company success rates
- Company success rates and discoveries
- 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
- Play inputs
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Creaming curve and key play data
- Model field pool size distribution
- Existing discoveries and modelled yet-to-find pool size distribution
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Development
- Prospective resource 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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Outlook economics
- Development value
- Prospect breakeven price
- Expected monetary value (EMV)
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Full cycle basin economics
- Full-cycle economic analysis
- Implied acreage value
Tables and charts
This report includes 71 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
- Commerciality index
- 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
- Cretaceous Shelf
- Tertiary Deepwater
- Tertiary Ultra-Deepwater
- Brent and local oil price assumptions
- Economic analysis: Image 1
- Returns by drilling year
- Economic analysis: Image 3
- Economic analysis: Image 4
- Cretaceous shelf
- Tertiary deepwater
- Tertiary ultra-deepwater
- Value of potential discoveries
- Unit value of potential discoveries
- Value of potential discoveries
- Unit value of potential discoveries
- Economic analysis: Image 9
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
Tables
- Key play characteristics
- Assumptions
- Key play characteristics
- Recent discovery costs
- Summary of discovery and development costs
- Key licence holders
- Key well operators (TYP period)
- Key basin data
- Top discoveries (TYP period)
- Forecast data by Play (outlook)
- Reserves and resources: Table 4
- Reserves and resources: Table 5
- Reserves and resources: Table 6
- Cretaceous shelf
- Tertiary Deepwater
- Tertiary Ultra-Deepwater
- Economic analysis: Table 8
- Key companies: Table 3
- Cretaceous shelf
- Tertiary deepwater
- Tertiary ultra-deepwater
- Cretaceous Shelf
- Tertiary Deepwater
- Tertiary Ultra-Deepwater
- Cretaceous Shelf
- Economic analysis: Table 5
- Economic analysis: Table 6
- Economic analysis: Table 7
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