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The Browse Basin is located off the northwest coast of Australia and is one of the most isolated of the Australian basins. Water depths are generally less than 1,000 metres, but can exceed 3,000 metres. To date, much of the exploration has concentrated on the shelf area, and we expect this gas-prone play to provide the majority of the future volumes, and all of the future value in the basin. Value can be created in the play under our Base and High price assumptions. Explorers are expected to maintain activity in the deepwater play also, although we forecast only modest levels of drilling. The higher costs and modest yet-to-find resources mean that we do not expect value to be created here, even under our High price assumption.
What's included?
This report includes 2 file(s)
Australia Browse exploration basin PDF - 809.91 KB 32 Pages, 24 Tables, 38 Figures
Australia Browse.zip ZIP - 3.24 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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Asset report | Jun 2015
Australia Browse exploration basin
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