China North China exploration basin Report

Asset Report 27 August 2019

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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.

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