Equatorial Guinea Rio Muni exploration basin Report

Asset Report 20 February 2019

Get this report*

$2,800

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

The Rio Muni Basin offers explorers an opportunity to drill in a proven West African play. The basin has delivered over half a billion barrels of new field reserves since the first discovery in 1999. However, more recent exploration has been less successful, suggesting the prospective resource potential may be modest. The key concern for future exploration will be finding sufficient volumes to justify the high development costs for outer shelf and deepwater projects. Development costs are also likely to be high because of challenging reservoir parameters. Our outlook analysis of the Late Cretaceous deepwater play fails to create full-cycle value at Base prices. Future discoveries are likely to be small, and accessing spare capacity on existing infrastructure will be one key to success for developers.

Key issues include:
Wells drilled and success rates
Volumes discovered
Prospective resource potential
- Play creaming curve and key play data
Licensing
Fiscal terms
TYP and outlook economics
- Prospect economics
- Late Cretaceous Deepwater
- Expected monetary value
Full cycle basin economics