Asset Report
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.
Table of contents
- Key issues include:
- Wells drilled and success rates
- Volumes discovered
-
Prospective resources
- Play creaming curve and key play data
- Bohai Gulf (Tertiary)
- Prospective resource costs and underlying development assumptions
- Licensing
- Fiscal terms
- Oil prices
-
TYP and outlook economics
- Prospect economics
- Bohai Gulf (Tertiary)
- Expected monetary value
- Full cycle basin economics
Tables and charts
This report includes 20 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Drilling activity by well type
- Discoveries and success rate
- Top discoveries (TYP period)
- Bohai Gulf (Tertiary)
- Summary of discovery and development costs
- Typical fiscal terms
- Brent and local oil price assumptions
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and prospective resource volume
- Full cycle economic analysis
- Unit value of potential discoveries
- Prospect breakeven prices
- Bohai Gulf (Tertiary)
What's included
This report contains:
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