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.
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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.
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Asset report | Nov 2016
Egypt Nile Delta exploration basin
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