Asset report

China Pearl River Mouth exploration basin

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Report summary

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.

What's included

This report contains

  • Document

    China Pearl River Mouth.zip

    ZIP 3.22 MB

  • Document

    China Pearl River Mouth exploration basin

    PDF 630.61 KB

  • Document

    China Pearl River Mouth exploration basin

    ZIP 3.74 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic analysis

Tables and charts

This report includes 32 images and tables including:

Images

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Drilling activity by well type
  • Discoveries and success rate
  • Exploration and appraisal spend
  • Commerciality index
  • Tertiary Deepwater Gas
  • Tertiary Shelf Oil
  • 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

Tables

  • Key play data
  • Key play characteristics
  • Top discoveries (TYP period)
  • Summary of discovery and development costs
  • Key facts: Table 2
  • Price assumptions
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Tertiary Deepwater Gas
  • Tertiary Shelf Oil
  • Typical fiscal terms -Tertiary deepwater gas
  • Typical fiscal terms -Tertiary shelf oil
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Full cycle economics analysis

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