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Full-cycle returns in Egypt's Western Desert Basin over the past decade have been excellent, even without the discovery of large reserve volumes. Explorers have benefited from relatively low unit finding and development costs, controlled by the use of long term drilling contracts, completion of exploration wells as producers, and the utilisation of existing pipelines - all of which were largely driven by the emergence of Apache as the leading operator in the basin. Exploration has focused on the northern portion of the basin, where two key plays are present: a Cretaceous play where reservoirs are predominantly oil-prone, and a deeper Jurassic play which is predominantly gas-prone. More recently Apache has opened up a third play in even deeper Paleozoic horizons, although this has yet to yield the level of resources found in the Cretaceous and Jurassic.
What's included?
This report includes 2 file(s)
Egypt Western Desert exploration basin PDF - 1.39 MB 37 Pages, 29 Tables, 44 Figures
Egypt Western Desert.zip ZIP - 4.86 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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Asset report | Aug 2016
Egypt Western Desert exploration basin
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