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
Table of contents
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Key facts
- Key play data
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Summary and key issues
- Key issues include:
- Location maps
- Participation
- Geology
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Exploration
- Wells drilled and success rates
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Reserves and resources
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Volumes discovered
- Play creaming curve and key play data
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Volumes discovered
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Development
- Yet-to-find costs and underlying development assumptions
- Costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic analysis
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TYP and outlook economics
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Prospect economics
- Tertiary Shelf
- Tertiary deepwater
- Expected monetary value
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Prospect economics
- Full cycle basin economics
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TYP and outlook economics
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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