The Pearl River Mouth is one of the hottest exploration basins in China. Despite prevailing low oil prices, explorers will invest more than US$6 billion exploring the basin over the next 20 years.
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 yet-to-find volume and value potential. The report is accompanied by multiple excel downloads.
This report includes 2 file(s)
China Pearl River Mouth exploration basin PDF - 630.61 KB 19 Pages, 15 Tables, 17 Figures
China Pearl River Mouth.zip ZIP - 3.22 MB
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | Jan 2016
China Pearl River Mouth exploration basin
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