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16 Pages

China North China exploration basin


China North China exploration basin

Report summary

The North China basin is a prolific hydrocarbon province covering more than 435,000 km2, of which over 85% is onshore. Foreign investment is limited to the offshore (Bohai Gulf) sector of the basin, where explorers have created exceptional value through the discovery of shallow water oil volumes. While a number of large and giant discoveries account for a significant proportion of offshore value creation, operators have also leveraged spare infrastructure to fast-track the development of smaller finds, delivering exceptional rates of return.

This exploration basin report provides a detailed analysis of recent exploration and future expectations including discovery and development costs, location maps and information about licensing and fiscal terms. We also evaluate the yet-to-find volume and value potential. The report is accompanied by multiple excel downloads which detail costs, volumes and value.


What's included?

This report includes 2 file(s)

  • China North China exploration basin PDF - 630.20 KB 16 Pages, 12 Tables, 13 Figures
  • China North China.zip ZIP - 2.46 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:
      • Commerciality index
  • Location maps
  • Participation
  • Geology
  • Exploration
    • Wells drilled and success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play creaming curve and key play data
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • TYP and outlook economics
      • Prospect economics
        • Bohai Gulf (Tertiary)
      • Expected monetary value
        • Bohai Gulf (Tertiary)
        • Full cycle basin economics

In this report there are 25 tables or charts, including:

  • Key facts
    • Key play data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Summary and key issues: Image 3
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rate
  • Reserves and resources
    • Top discoveries (TYP period)
    • Bohai Gulf (Tertiary)
    • Reserves and resources: Table 2
  • Development
    • Bohai Gulf (Tertiary)
  • Costs
    • Summary of discovery and development costs
    • Costs: Table 2
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation, spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Economic analysis: Table 1
    • Full cycle economic analysis
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