Asset report

Equatorial Guinea Niger Delta exploration basin

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Report summary

The Niger Delta is a prolific passive margin basin located in the Gulf of Guinea. All of Equatorial Guinea's acreage in the basin has good 2D seismic coverage and the northern portion of the basin has 3D seismic data. There are two plays a Tertiary shelf play and a Tertiary deepwater play. New volumes discovered since 2007 total 0.6 bnboe the majority being deepwater gas discoveries on Block R. The dry gas and benign sea conditions favour a floating LNG (FLNG) development solution and first gas production is anticipated in 2020. However to make an FLNG development feasible the Block R partners will need to negotiate higher prices. Remaining oil and gas potential exists in both plays. Full cycle value creation from exploration depends upon prospect size location and realised prices. Full details are available to download in excel and pdf format.

What's included

This report contains

  • Document

    Equatorial Guinea Niger Delta.zip

    ZIP 2.95 MB

  • Document

    Equatorial Guinea Niger Delta exploration basin

    PDF 551.85 KB

  • Document

    Equatorial Guinea Niger Delta exploration basin

    ZIP 3.42 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic analysis

Tables and charts

This report includes 31 images and tables including:

Images

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Commerciality index
  • Drilling activity by well type
  • Discoveries and success rate
  • TYP value creation, spend and volume discovered
  • Outlook value creation, spend and YTF volume
  • TertiaryShelf
  • Tertiary Deepwater
  • Unit value of potential discoveries
  • Prospect breakeven prices
  • Unit value of potential discoveries
  • Prospect breakeven prices

Tables

  • Key play characteristics
  • Summary of discovery and development costs
  • Key facts: Table 1
  • Assumptions
  • Price assumptions
  • Top discoveries (TYP period)
  • Tertiary Shelf
  • Tertiary Deepwater
  • Typical fiscal terms
  • Full cycle economic analysis
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Tertiary shelf
  • Tertiary deepwater

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