Asset Report
India Cambay exploration basin
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 26 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Drilling activity by well type
- Discoveries and success rate
- Top discoveries (TYP period)
- Typical fiscal terms - Revenue Sharing (RSM)
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and prospective resource volume
- Full cycle economic analysis
- Gujarat Tertiary
- Rajasthan Tertiary
- Summary of discovery and development costs
- Exploration and appraisal spend
- Unit value of potential discoveries
- Prospect breakeven prices
- Unit value of potential discoveries
- Prospect breakeven prices
- Gujarat Tertiary
- Rajasthan Tertiary
What's included
This report contains:
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