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18 Pages

Ecuador Oriente exploration basin


Ecuador Oriente exploration basin

Report summary

Ecuador's Oriente basin has seen a long history of exploration and international investment. However in 2011 the Ecuadorian Government forced the introduction of a new Service Contract, based on a fixed fee per barrel of production in return for the contractor retaining responsibility for all costs. These fiscal terms offer little incentive for exploration as there is no upside available from higher prices or lower costs. Moreover, at low oil prices contractors are at risk of receiving a lower fee per barrel produced. 

What's included?

This report includes 2 file(s)

  • Ecuador Oriente exploration basin PDF - 6.21 MB 18 Pages, 17 Tables, 18 Figures
  • Ecuador Oriente.zip ZIP - 2.66 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
  • Geology
    • Key play characteristics
  • Exploration
    • Wells drilled
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Model field pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Fiscal terms
  • Economic analysis
    • Outlook economics
      • Cretaceous Heavy Oil
    • Full cycle basin economics
      • Implied acreage value

In this report there are 35 tables or charts, including:

  • Key facts
    • Key play data
    • Assumptions
    • Key facts: Table 3
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Geology: Table 1
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • Discoveries and success rates
    • Discoveries by license year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Reserves and resources: Table 2
    • Top discoveries (2006-2015)
    • Forecast data by play (2016-2035)
    • Cretaceous Heavy Oil
    • Reserves and resources: Table 5
    • Cretaceous Heavy Oil
  • Development
    • Cretaceous Heavy Oil
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well an average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation, exploration spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Development value of potential discoveries
    • Unit value of potential discoveries
    • Economic analysis: Table 1
    • Cretaceous Heavy Oil
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
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