Asset report

Canada (East Coast) Grand Banks exploration basin

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Report summary

The Grand Banks is a passive margin basin off the coast of Newfoundland and can be divided into three distinct sub basins: the mature Jeanne d'Arc and the frontier Flemish Pass and Orphan. Drilling in the Jeanne d'Arc has been focused on near field discoveries and developments while recent exploration licensing has been focused on the Flemish Pass deepwater sector following discoveries totalling approximately 650 mmboe. Most recently frontier western Orphan blocks were licensed. Vast areas across the Flemish Pass and Orphan sub basins remain unexplored and are believed to contain world class oil prospects. Harsh conditions the remote location and water depths that range up to extreme depths will present numerous challenges to operators. Despite all these challenges there is opportunity to create value in the basin.

What's included

This report contains

  • Document

    Canada (East Coast) Grand Banks exploration basin

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  • Document

    Canada (East Coast) Grand Banks exploration basin

    ZIP 7.14 MB

  • Document

    Canada Grand Banks.zip

    ZIP 4.01 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 75 images and tables including:

Images

  • Value creation versus investment (2006-2015)
  • Value creation versus investment (2016-2035)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Canada Grand Banks commerciality index
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by license year and drilling year
  • Basin creaming curve
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Jeanne d`Arc
  • Orphan
  • Flemish Pass
  • Brent and local oil price assumptions
  • Value creation, exploration spend & volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Creaming curve – Jeanne d’Arc
  • Creaming curve – Flemish Pass
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Economic analysis: Image 9
  • Economic analysis: Image 10
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities

Tables

  • Key play characteristics
  • Key facts: Table 2
  • Key play characteristics
  • Recent discovery costs
  • Summary of discovery and development costs
  • Key licence holders
  • Key well operators (2006-2015)
  • Company success rates and discoveries
  • Key reservoir characteristics
  • Key reservoir characteristics
  • Key reservoir characteristics
  • Key basin data
  • Top discoveries (2006-2015)
  • Forecast data by Play (2016-2035)
  • Reserves and resources: Table 7
  • Orphan
  • Flemish Pass
  • Jeanne d'Arc
  • Orphan
  • Flemish Pass
  • Key play data
  • Key play data
  • Key play data
  • Typical fiscal terms - Jeanne d'Arc
  • Typical fiscal terms - Flemish Pass and Orphan
  • Jeanne d'Arc
  • Flemish Pass
  • Orphan
  • Economic analysis: Table 7
  • Average value of future discoveries and implied acreage value
  • Jeanne d’Arc
  • Flemish Pass
  • Orphan sub-basin

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