Asset report
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29 Pages

Colombia Llanos exploration basin


Colombia Llanos exploration basin

Report summary

The Llanos basin of Colombia is one of the largest sedimentary basins in the country and has been the target of oil and gas exploration since the 1940's. The basin covers over 220,000 sq km and is oil-prone, containing several giant medium and heavy oil fields such as Cusiana, Cano Limon, and Rubiales. We analyse the remaining yet-to-find potential of the basin and the achievable exploration metrics from future activity. Remaining prospects are small but can be tied into infrastructure quickly, providing high returns. Activity is subdued while oil prices are low, but is forecast to return to high levels over the long term. All analysis, results and forecast metrics are available to download in pdf and excel format.

What's included?

This report includes 2 file(s)

  • Colombia Llanos exploration basin PDF - 815.77 KB 29 Pages, 24 Tables, 38 Figures
  • Colombia Llanos.zip ZIP - 3.24 MB

Description

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.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
    • Company success rates and discoveries
  • Geology
    • Key play characteristics
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Forecast data by play (2015-2035)
      • Creaming curve and key play data
  • Development
    • Yet-to-find costs and underlying development assumptions
      • Tertiary Heavy Oil
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
    • Oil and gas prices
      • Tertiary Heavy Oil
      • Tertiary Medium Oil & Gas
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development value
        • Tertiary Heavy Oil
        • Tertiary Medium Oil & Gas
      • Prospect breakeven price
        • Tertiary Heavy Oil
        • Tertiary Medium Oil & Gas
      • Expected monetary value (EMV)
      • Play economics
        • Tertiary Heavy Oil
        • Tertiary Medium Oil & Gas
      • Implied acreage value

In this report there are 62 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (2005-2014)
    • Value creation versus investment (2015-2035)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Key companies: Table 2
  • Geology
    • Geology: Table 1
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Volumes discovered by year
    • Average discovery size and volume per well by year
    • Top discoveries (2005-2014)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Reserves and resources: Table 3
    • Tertiary Heavy Oil
    • Reserves and resources: Table 4
    • Tertiary Medium Oil & Gas
    • Reserves and resources: Table 5
    • Reserves and resources: Table 6
    • Tertiary Medium Oil & Gas
    • Tertiary Heavy Oil
    • Tertiary Medium Oil & Gas
  • Development
    • Development: Table 1
    • Tertiary Medium Oil & Gas
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Brent and local oil price assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
    • Economic assumptions: Table 1
  • Economic analysis
    • Value creation, spend and volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Tertiary Heavy Oil
    • Tertiary Medium Oil & Gas
    • Economic analysis: Table 3
    • Economic analysis: Table 4
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
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