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28 Pages

Canada (East Coast) Scotian Shelf exploration basin


Canada (East Coast) Scotian Shelf exploration basin

Report summary

The Scotian Shelf basin lies off the coast of eastern Canada and incorporates a shallow-water shelf and deepwater slope that extend from Nova Scotia waters into Newfoundland jurisdiction. Several gas and gas-condensate discoveries were made on the shelf from the 1970s to late 1990s. Exploration in the deepwater sector has been sporadic, and a 2002-2004 campaign in Nova Scotia, plus a 2010 well in Newfoundland, met with disappointment. A successful 2012 licensing round revived hopes for this under-explored basin, and in late-2015, Shell spudded the highly-anticipated Cheshire-1 exploration well, to be immediately followed by a second well. BP announced plans to drill its block in 2017. The Majors are hoping to make giant oil discoveries in this under-explored sector.

What's included?

This report includes 2 file(s)

  • Canada (East Coast) Scotian Shelf exploration basin PDF - 576.93 KB 28 Pages, 23 Tables, 30 Figures
  • Canada (East Coast) Scotian Shelf.zip ZIP - 3.25 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.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
  • Geology
    • Play Inputs - Newfoundland Deepwater
    • Play Inputs - Nova Scotia Deepwater
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play Inputs
        • 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 and gas prices
  • Economic analysis
    • Outlook economics
      • Development value
        • Newfoundland Deepwater
        • Nova Scotia Deepwater
      • Prospect breakeven price
        • Newfoundland Deepwater
        • Nova Scotia Deepwater
      • Expected monetary value (EMV)
      • Play economics
      • Full cycle basin economics
      • Implied acreage value
        • Average value of future discoveries and implied acreage value

In this report there are 53 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
  • Geology
    • Key play characteristics - Newfoundland Deepwater
    • Key play characteristics - Nova Scotia Deepwater
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
  • Reserves and resources
    • Basin Creaming Curve
    • Key basin data
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by play (outlook)
    • Frontier methodology parameters
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
  • Development
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
  • Costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Newfoundland Deepwater
    • Typical fiscal terms - Nova Scotia Deepwater
  • Economic assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
  • Economic analysis
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Economic analysis: Image 7
    • Economic analysis: Image 8
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
    • Newfoundland Deepwater
    • Nova Scotia Deepwater
    • Full-cycle economic analysis
    • Economic analysis: Table 6
    • Economic analysis: Table 7
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