Brazil Barreirinhas exploration basin
Loading current market price
Report summary
The Barreirinhas Basin is a predominantly offshore basin, located on the Brazilian Equatorial Margin. Exploration onshore and in shallow waters has met with negative results; future activity will focus on the deepwater play where explorers hope to replicate the recent success achieved in nearby analogous basins (Guyana basin and southern Brazil). Only two of the 67 wells drilled to date have penetrated the deepwater acreage. The deepwater portion is truly frontier; operators face a very high cost environment, and a fiscal regime that provides little cushion against high costs and low prices. As a result we have assumed the exploration levels will remain low in the near term, especially in comparison to other more established offshore Brazil basins, with operators struggling to create value. This report is accompanied by multiple excel downloads which detail recent costs, volumes discovered and value, in addition to yet-to-find volumes, prospect economics and value creation potential.
What's included
This report contains
Table of contents
- Key facts
-
Summary and key issues
- Key issues include:
- Location maps
- Participation
- Key companies
- Geology
-
Exploration
- Wells drilled
-
Reserves and resources
- Volumes discovered
- Yet-to-find potential
- 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
-
Fiscal and regulatory
- Licensing
- Fiscal terms
-
Economic assumptions
- Oil price
-
Economic analysis
- TYP economics
-
Outlook economics
- Development value
- Paleogene Cretaceous Deepwater
-
Prospect breakeven price
- Paleogene Cretaceous Deepwater
- Expected monetary value (EMV)
- Play economics
-
Full cycle basin economics
- Implied acreage value
Tables and charts
This report includes 41 images and tables including:
Images
- Value creation versus investment (TYP period)
- Value creation versus investment (outlook period)
- Location maps: Image 1
- Location maps: Image 2
- Licensed exploration acreage
- Expiry forecast of current licences
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Summary and key issues: Image 3
- Drilling activity by well type
- Cumulative exploration wells by play
- Basin creaming curve
- Paleogene Cretaceous Deepwater
- Brent and local oil price assumptions
- Value creation, exploration spend and volume discovered
- Breakeven price versus prospect size
- Value creation versus investment
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
Tables
- Play level data
- Assumptions
- Price Assumptions
- Key licence holders
- Key well operators (TYP period)
- Key play characteristics
- Recent discovery costs
- Summary of discovery and development costs
- Key basin data
- Frontier methodology parameters
- Reserves and resources: Table 3
- Paleogene Cretaceous Deepwater
- Paleogene Cretaceous Deepwater
- Fiscal and regulatory: Table 1
- Full-cycle economic analysis
- Paleogene Cretaceous Deepwater
- Paleogene Cretaceous Deepwater
- Average value of future discoveries and implied acreage value
You may be interested in
Statoil corporate - latest WM quarterly data
Sinopec Group corporate - latest WM quarterly data
Total corporate - latest WM quarterly data
Questions about this report?
-
Europe:+44 131 243 4699
-
Americas:+1 713 470 1900
-
Asia Pacific:+61 2 8224 8898