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23 Pages

Brazil Barreirinhas exploration basin

Brazil Barreirinhas exploration basin

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 includes 2 file(s)

  • Brazil Barreirinhas exploration basin PDF - 3.02 MB 23 Pages, 18 Tables, 23 Figures
  • Brazil ZIP - 2.58 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
  • 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

In this report there are 41 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
    • Price Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook period)
    • Summary and key issues: Image 3
  • Location maps
    • Location maps: Image 1
    • 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
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Frontier methodology parameters
    • Reserves and resources: Table 3
    • Paleogene Cretaceous Deepwater
    • Paleogene Cretaceous Deepwater
  • Development
    • Paleogene Cretaceous Deepwater
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
  • Economic assumptions
    • Brent and local oil price assumptions
  • Economic analysis
    • 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
    • Paleogene Cretaceous Deepwater
    • Paleogene Cretaceous Deepwater
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
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