The Zagros Foldbelt provides investors with a mix of attractive exploration opportunities within Kurdish administered territory, and large and giant discovered resource opportunities (DROs) within Federal Iraq jurisdiction. Several large discoveries in the last decade have attracted large players to the basin including ExxonMobil, Total and Chevron. Out to 2035, exploration in Kurdistan is expected to create substantial value and offer attractive returns. The advance of the Islamic State militant group has increased security concerns in the province and could have a negative impact on future exploration levels.
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
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Asset report | Mar 2016
Iraq Zagros Foldbelt exploration basin
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