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The Foz do Amazonas - Marajo Basin is a predominantly offshore basin located in the western portion of the Brazilian Equatorial Margin, adjacent to the French Guiana Guyana Basin. Compared to the prolific southern Brazilian basins, the Foz do Amazonas - Marajo Basin has seen minimal activity to date, and so limited success, but holds the potential for significant discoveries. The fiscal regime provides little cushion to the high costs in this remote region, and as a result, creating value is challenging.
This exploration basin report is one of six covering exploration in Brazil. It provides a detailed analysis of recent exploration and future expectations including discovery and development costs, maps and details of licensing and fiscal terms. We also evaluate the yet-to-find volume and value creation potential. The report is accompanied by multiple excel downloads.
What's included?
This report includes 2 file(s)
Brazil Foz do Amazonas - Marajo exploration basin PDF - 3.63 MB 23 Pages, 17 Tables, 23 Figures
Brazil Foz do Amazonas - Marajo.zip ZIP - 2.54 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.
The basin was first drilled in 1951 and reasonable levels of drilling activity were maintained up to the 1980s. Drilling during this time focused on the shallow water region of the basin. After a short hiatus, drilling activity picked up again in 2001, following the 1st Brazilian licensing round, with a new focus on the deepwater region.
Reserves and resources
Volumes discovered
Yet-to-find potential
Play inputs
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
Cretaceous Tertiary Deepwater
Prospect breakeven price
Cretaceous Tertiary Deepwater
Expected monetary value (EMV)
Play economics
Full-cycle basin economics
Implied acreage value
In this report there are 40 tables or charts, including:
Key facts
Play level data
Assumptions
Key facts: Table 3
Summary and key issues
Value creation versus investment (TYP period)
Value creation versus investment (outlook period)
Summary and key issues: Image 3
Location maps
Exploration history map
Location maps: Image 2
Participation
Licensed exploration acreage
Expiry forecast of current licences
Key companies
Key companies: Table 1
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
Cretaceous Tertiary Deepwater
Cretaceous Tertiary Deepwater
Development
Cretaceous Tertiary Deepwater
Costs
Recent discovery Costs
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
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
Cretaceous Tertiary Deepwater
Cretaceous Tertiary Deepwater
Full-cycle economic analysis
Average value of future discoveries and implied acreage value
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Asset report | Jul 2016
Brazil Foz do Amazonas - Marajo exploration basin
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