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59 Pages

Egypt Nile Delta exploration basin


Egypt Nile Delta exploration basin

Report summary

The Nile Delta Basin covers an extensive area including onshore, shelf and deepwater environments. Early exploration focused on the low-cost onshore Tertiary play before gradually moving offshore. More recently, exploration has focused on deeper, high pressure/high temperature Pre-Pliocene reservoirs of predominantly Miocene and Oligocene age, with BP and BG achieving some spectacular successes, and in 2015 Eni opened up a new play with the discovery of the world-class Zohr gas field, located in a Miocene Carbonate reef structure. Over the past 10 years, explorers have added 6.6 bnboe of new resource and achieved positive full cycle returns, although value creation has been restricted by regulated gas prices as producers are contracted to supply gas to the Egyptian domestic market, where prices are capped. This position is starting to improve however, and as a result, for our outlook we anticipate that positive full cycle returns can be created under all of our price scenarios.

What's included?

This report includes 2 file(s)

  • Egypt Nile Delta exploration basin PDF - 1.28 MB 59 Pages, 41 Tables, 65 Figures
  • Egypt Nile Delta.zip ZIP - 7.55 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
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Creaming curve and key play data
    • Model field pool size distribution
    • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
      • Tertiary Onshore
      • Pre-Pliocene Shelf
        • Pre-Pliocene Shelf
      • Pliocene Shelf
        • Pliocene Shelf
      • Pre-Pliocene Deepwater
        • Pre-Pliocene Deepwater
      • Pliocene Deepwater
        • Pliocene Deepwater
      • Miocene Carbonate
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
      • Tertiary Onshore, Pre-Pliocene and Pliocene Shelf plays
        • Typical fiscal terms - Pliocene and Pre-Pliocene Shelf plays
      • Pre-Pliocene and Pliocene deepwater, and Miocene Carbonate, plays
  • Economic assumptions
    • Oil and gas prices
      • Tertiary Onshore
      • Pliocene and Pre-Pliocene Shelf
      • Pliocene and Pre-Pliocene Deepwater, and Miocene Carbonate
  • Economic analysis
    • TYP economics
    • Outlook economics
    • Development value
      • Tertiary Onshore
    • Prospect breakeven price
      • Tertiary Onshore
      • Pre-Pliocene Shelf
      • Pliocene Shelf
      • Pre-Pliocene Deepwater
      • Pliocene Deepwater
      • Miocene Carbonate
    • Expected monetary value (EMV)
    • Full cycle basin economics
    • Implied acreage value
      • Average value of future discoveries and implied acreage value

In this report there are 106 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Location maps: Image 2
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Company success rates and discoveries
  • Geology
    • Key play characteristics
  • 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 (TYP period)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by play (outlook)
    • Tertiary Onshore
    • Reserves and resources: Table 4
    • Pre-Pliocene Shelf
    • Reserves and resources: Table 5
    • Pliocene Shelf
    • Reserves and resources: Table 6
    • Pre-Pliocene Deepwater
    • Reserves and resources: Table 7
    • Pliocene Deepwater
    • Reserves and resources: Table 8
    • Reserves and resources: Table 9
    • Reserves and resources: Table 10
    • Tertiary Onshore
    • Pre-Pliocene Shelf
    • Pliocene Shelf
    • Pre-Pliocene Deepwater
    • Pliocene Deepwater
    • Reserves and resources: Table 16
    • Tertiary Onshore
    • Pre-Pliocene Shelf
    • Pliocene Shelf
    • Pre-Pliocene Deepwater
    • Pliocene Deepwater
    • Miocene Carbonate
  • Development
    • Tertiary Onshore
    • Development: Table 2
    • Development: Table 3
    • Development: Table 4
    • Development: Table 5
    • Miocene Carbonate
  • 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 - Tertiary Onshore play
    • Fiscal and regulatory: Table 2
    • Typical fiscal terms - Pre-Pliocene and Pliocene Deepwater, and Miocene Carbonate, plays
  • Economic assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
  • 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
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Value of potential discoveries
    • Unit value of potential discoveries
    • 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
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Brekeven price of exploration
    • Discount rate breakeven price sensitivities
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Tertiary Onshore
    • Pre-Pliocene Shelf
    • Pliocene Shelf
    • Pre-Pliocene Deepwater
    • Pliocene Deepwater
    • Economic analysis: Table 6
    • Full-cycle economic analysis
    • Economic analysis: Table 8
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