Asset Report
Ireland Porcupine exploration basin
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Report summary
The Ireland Porcupine Basin offers deepwater frontier exploration opportunities with attractive fiscal terms. Results from the 2015 Atlantic Margin Oil and Gas Exploration Licensing Round were positive. A total of 23 Licensing Options were offered in the basin, marking an excellent result for the Irish upstream sector in the current low price environment. Companies are looking to continue the success seen in other Cretaceous-Tertiary plays of the Atlantic Margin; most recently in Senegal and Canada’s Flemish Pass. Both of these basins have yet-to-find resources of at least 1 billion boe as recent exploration has de-risked the deep water plays here. To date, the only discoveries in the basin have been made on the Mesozoic Shelf play in the north of the basin, which we have not included in our outlook analysis.
Table of contents
- Key facts
-
Summary and key issues
- Key issues include
- Location maps
- Participation
-
Geology
- Key play characteristics
- Exploration
-
Reserves and resources
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Yet-to-find potential
- Play inputs - Cretaceous-Tertiary Deepwater
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Yet-to-find potential
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Development
- Yet-to-find costs and underlying development assumptions
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Costs
- Summary of discovery and development costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic analysis
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TYP and outlook economics
- Prospect economics - Cretaceous-Tertiary Deepwater
- Full-cycle basin economics
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TYP and outlook economics
Tables and charts
This report includes 24 images and tables including:
- Key play data
- Assumptions
- Price assumptions
- Value creation versus investment (TYP period)
- Value creation versus investment (outlook)
- Exploration wells by play
- Participation: Image 1
- Participation: Image 2
- Exploration: Image 1
- Exploration: Image 2
- Commerciality index
- Geology: Table 1
- Cretaceous-Tertiary Deepwater
- Costs: Table 1
- Exploration and appraisal spend
- Typical fiscal terms
- TYP value creation, spend and volume discovered
- Economic analysis: Image 2
- Full-cycle economic analysis
- Frontier methodology parameters
- Key play data
- Economic analysis: Image 3
- Prospect breakeven prices
- Expected monetary value (EMV)
What's included
This report contains:
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