Asset Report
Iraq Widyan - North Arabian Gulf exploration basin
Report summary
Exploration in the Widyan - North Arabian Gulf Basin has provided several super-giant oil discoveries, trapped in compression related structures associated with the convergence of the Arabian and Iranian plates. Despite the huge hydrocarbon potential of the region, exploration and production has been limited by a series of above-ground issues including the July 1958 revolution; nationalisation of Iraq's industry in 1975; UN sanctions from 1990 to 2003 in response to the first Gulf War; and more recently, anti-government protests in 2019, which has resulted in political gridlock.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
-
Wells drilled
- Play inputs
- Creaming curve and key play data
- Cretaceous
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Prospective resource costs and underlying development assumptions
- Prospect economics - Cretaceous
- Full-cycle basin economics
- Licensing
- Fiscal terms
- Oil and gas prices
Tables and charts
This report includes 16 images and tables including:
- Exploration history map
- Drilling activity by well type
- Discoveries and success rates
- All discoveries (2012-2021)
- Cretaceous Exploration
- Summary of discovery and development costs
- Exploration wells by play
- Key play characteristics
- Cretaceous creaming curve
- Prospective resource summary
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Full-cycle economic analysis (exploration)
- Typical fiscal terms
- Brent and local oil price assumptions
What's included
This report contains:
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