Asset Report
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
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Key issues include:
- Wells Drilled
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Play creaming curve and key play data
- Tertiary Shelf Oil
- Tertiary Deepwater Gas
- Prospective resource costs and underlying development assumptions
- Licensing
- Fiscal terms
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TYP and outlook economics
- Prospect economics
- Tertiary Shelf Oil
- Tertiary Deepwater Gas
- Expected monetary value
- Full cycle basin economics
Tables and charts
This report includes 26 images and tables including:
- Commerciality index
- Exploration history map
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Tertiary Shelf Oil
- Tertiary Deepwater Gas
- Summary of discovery and development costs
- Exploration and appraisal spend
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and YTF volume
- Full cycle economics analysis
- Drilling activity by well type
- Discoveries and success rate
- Top discoveries (TYP period)
- Unit value of potential discoveries
- Prospect breakeven prices
- Unit value of potential discoveries
- Prospect breakeven prices
- Tertiary Shelf Oil
- Tertiary Deepwater Gas
What's included
This report contains:
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