Asset Report
Ireland Porcupine exploration basin
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. Companies are looking to continue the success seen in other plays of the Atlantic Margin; most recently in Senegal and Canada’s Flemish Pass. Both of these have prospective resources of over 800 million boe as recent exploration has de-risked the deep water plays. To date, the only discoveries in the basin have been made on the Mesozoic Shelf play in the north of the basin in water depths of around 400 metres. We have not included these discoveries in our outlook analysis.
Table of contents
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Key issues include
- Key play characteristics
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Prospective resource potential
- Play inputs - Mesozoic Deepwater
- Prospective resource costs and underlying development assumptions
- Licensing
- Fiscal terms
-
TYP and outlook economics
- Prospect economics - Mesozoic Deepwater
- Full-cycle basin economics
Tables and charts
This report includes 20 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key licence holders
- Typical fiscal terms
- TYP value creation, spend and volume discovered
- Outlook value creation, spend & prospective resources
- Full-cycle economic analysis
- Drilling activity by well type
- Cumulative exploration wells by play
- Frontier methodology parameters
- Key play data
- Mesozoic Deepwater
- Summary of discovery and development costs
- Exploration and appraisal spend
- Unit value of potential discoveries
- Prospect breakeven prices
- Expected monetary value (EMV)
What's included
This report contains:
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