Asset Report
India Cambay exploration basin
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Cambay Basin is located in northwest India. It offers low full-cycle breakeven prices and high returns, thanks to an extensive network of infrastructure and a focus on near-field exploration. The basin has traditionally been more oil-prone than gas-prone. Exploration can be divided into two plays: the extensively drilled and mature Gujarat region, and the emergent Rajasthan province, which was proven in 2002 by Cairn Energy's Raageshwari discovery. India offers favourable fiscal terms for exploration. The Indian Government introduced the Hydrocarbon Exploration and Licensing Policy (HELP) in 2016, which includes a new revenue sharing contract (RSM), aiming to reduce regulatory burdens and provide greater pricing freedom. Together with new open acreage licensing, it aims to stimulate interest in the upstream sector. This report analyses exploration performance of the last 10 years and outlook costs, volumes and economics. It is accompanied by multiple excel downloads.
Table of contents
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Key issues:
- Key play characteristics
- Wells drilled and success rates
- Volumes discovered
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Prospective resources potential
- Play creaming curve and key play data
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Costs and underlying development assumptions for prospective resources
- Gujarat Tertiary
- Rajasthan Tertiary
- Licensing
- Fiscal terms
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TYP and outlook economics
- Gujarat Tertiary
- Rajasthan Tertiary
- Expected monetary value
- Full cycle basin economics
Tables and charts
This report includes the following images and tables:
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Commerciality indexExploration wells by playLicensed exploration acreage
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Expiry forecast of current licencesDrilling activity by well typeDiscoveries and success rateTop discoveries (TYP period)Typical fiscal terms - Revenue Sharing (RSM)TYP value creation, spend and volume discoveredOutlook value creation, spend and prospective resource volumeFull cycle economic analysis
- 14 more item(s)...
What's included
This report contains:
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