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14 Pages

Australia Great Australian Bight exploration basin


Australia Great Australian Bight exploration basin

Report summary

The Great Australian Bight Basin is an offshore basin, located off the southern coast of Australia. Compared to other, higher profile basins around Australia, the Basin has seen minimal exploration activity and no discoveries have been made with the nine wells drilled to date.  The Basin is exposed to harsh weather conditions and rough sea states, and developments will have to be built to high specification to withstand the conditions, however the Basin offers significant value creation potential for investors, based on its potential for large oil discoveries.

This Exploration Basin report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. We evaluate the yet-to-find volume and value potential.

This report is accompanied by multiple excel downloads which detail costs, volumes and value.


What's included?

This report includes 2 file(s)

  • Australia Great Australian Bight exploration basin PDF - 467.39 KB 14 Pages, 12 Tables, 9 Figures
  • Australia Great Australian Bight.zip ZIP - 2.31 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
  • Participation
  • Geology
  • Exploration
  • Reserves and resources
    • Yet-to-find potential
      • Play inputs
        • Key play data
      • Model field pool size distribution
        • Ceduna Sub-basin
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
      • Ceduna Sub-basin
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • Outlook economics
      • Prospect economics
        • Ceduna Sub-basin
      • Expected monetary value
        • Ceduna Sub-basin
        • Full cycle basin economics

In this report there are 21 tables or charts, including:

  • Key facts
    • Key play data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
  • Reserves and resources
    • Frontier methodology parameters
    • Ceduna Sub-basin
    • Reserves and resources: Table 3
    • Ceduna Sub-basin
  • Development
    • Development: Table 1
  • Costs
    • Summary of discovery and development costs
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Economic analysis: Table 1
    • Full cycle economic analysis
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