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14 Pages

Benin Keta - Togo - Benin exploration basin

Benin Keta - Togo - Benin exploration basin

Report summary

The Keta - Togo - Benin (KTB) Basin is an abrupt margin basin situated in the Gulf of Guinea. It extends from Nigeria to Ghana. Compared to the world class discoveries in both adjacent basins - the Niger Delta fan and the Cote d'Ivoire Basin - the KTB has not yet delivered.
In Benin, exploration activity has been sporadic. The country's only commercial field - Sèmè - was discovered in 1969 in shallow water. The recent Ogo discovery in the Nigeria section of the basin has sparked new exploration interest. However, Shell drilled an ultra-deep water wildcat in 2014 but was unsuccessful.

What's included?

This report includes 2 file(s)

  • Benin Keta - Togo - Benin exploration basin PDF - 489.06 KB 14 Pages, 11 Tables, 12 Figures
  • Benin Keta - Togo - ZIP - 2.55 MB


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
    • Wells drilled and success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • Ten-year full-cycle basin economics
      • Prospect economics
      • Expected monetary value
    • Full cycle basin economics

In this report there are 23 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Summary and key issues: Image 1
    • Summary and key issues: Image 2
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
  • Reserves and resources
    • Frontier methodology parameters
    • Cretaceous Deepwater
  • Development
    • Cretaceous Deepwater
  • Costs
    • Costs: Table 1
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • Value creation, exploration spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven price
    • Cretaceous Deepwater
    • Full cycle economic analysis
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