Asset Report

China Pearl River Mouth exploration basin

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24 May 2018

China Pearl River Mouth exploration basin

Report summary

The Pearl River Mouth Basin is located in the northern South China Sea and extends in to Taiwan. The basin provides explorers with an opportunity to test gas potential in deepwater and oil on the shelf. Historically, explorers focused on shallow water liquids potential. But attention switched to the deepwater after Husky's play-opening Liwan gas discovery in 2006. A two-year E&A program proved up additional resource and led to China's first ever deepwater development (Liwan, onstream in 2014). Away from Liwan, the deepwater remains largely unexplored and future exploration is expected to focus on the shallow water liquids play. 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 prospective resource and value potential. The report is accompanied by multiple excel downloads.

Table of contents

Tables and charts

This report includes 31 images and tables including:

  • Key play data
  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key play characteristics
  • Top discoveries (TYP period)
  • Summary of discovery and development costs
  • Exploration and appraisal spend
  • Key facts: Table 2
  • Price assumptions
  • Commerciality index
  • Drilling activity by well type
  • Discoveries and success rate
  • Tertiary Shelf Oil
  • Reserves and resources: Table 2
  • Tertiary Deepwater Gas
  • Reserves and resources: Table 3
  • Tertiary Shelf Oil
  • Tertiary Deepwater Gas
  • TYP value creation, spend and volume discovered
  • Outlook value creation, spend and YTF volume
  • Unit value of potential discoveries
  • Prospect breakeven prices
  • Unit value of potential discoveries
  • Prospect breakeven prices
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Full cycle economics analysis

What's included

This report contains:

  • Document

    China Pearl River

    ZIP 2.47 MB

  • Document

    China Pearl River Mouth exploration basin

    PDF 5.03 MB

  • Document

    China Pearl River Mouth exploration basin

    ZIP 7.45 MB