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32 Pages

Australia Browse exploration basin


Australia Browse exploration basin

Report summary

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.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
    • Exploration wells by play
  • Participation
  • Key companies
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Creaming curve and key play data
    • 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
    • Summary of discovery and development costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
      • Jurassic Shelf
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
    • Development value
      • Jurassic Shelf
      • Jurassic Deepwater
    • Prospect breakeven price
      • Jurassic Shelf
      • Jurassic Deepwater
    • Expected monetary value (EMV)
    • Play economics
    • Full cycle basin economics
    • Implied acreage value

In this report there are 62 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Location maps: Image 2
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Company success rates and discoveries
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • 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)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by play (outlook)
    • Jurassic Shelf
    • Reserves and resources: Table 4
    • Jurassic Deepwater
    • Reserves and resources: Table 5
    • Jurassic Shelf
    • Jurassic Deepwater
    • Jurassic Shelf
    • Jurassic Deepwater
  • Development
    • Jurassic Shelf
    • Jurassic Deepwater
  • Costs
    • Recent discovery costs
    • Costs: Table 2
    • 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 gas price assumptions
  • Economic analysis
    • Value creation, spend and volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Jurassic Shelf
    • Jurassic Deepwater
    • Jurassic Shelf
    • Jurassic Deepwater
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
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