Asset report
| |
28 Pages

Kenya North-Central Gregory Rift exploration basin

Kenya North-Central Gregory Rift exploration basin

Report summary

Located in northwestern Kenya, the North-Central Gregory Rift forms the eastern arm of the East Africa Rift system. The basin covers over 100,000 km2 of mountainous land around and between lakes Turkana and Victoria. It extends into Ethiopia and territory disputed with South Sudan. The basin is an emerging exploration region, with eight discoveries made in the last four years. Tullow Oil's large Ngamia oil field find in 2012 opened the play and highlighted the basins potential; to date 665 million barrels of oil resources have been discovered in the South Lokichar sub-basin along a trend known as the Lokichar 'String of Pearls'. This level of prospectivity makes the basin attractive for explorers. At present most blocks in the basin are licensed, but there is potential for further farm-ins, and acreage will be opened up through partial relinquishments. Developments will ultimately be dependent upon construction of a major new export pipeline.

What's included?

This report includes 2 file(s)

  • Kenya North Central Gregory Rift exploration basin PDF - 741.44 KB 28 Pages, 22 Tables, 29 Figures
  • Kenya North - Central Gregory ZIP - 2.62 MB


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.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Creaming curve and key play data
  • Development
    • Tertiary Onshore
  • Costs
    • Recent Discovery Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
    • Development value
    • Prospect breakeven price
    • Expected monetary value (EMV)
      • Play Economics
    • Full cycle basin economics
      • Implied acreage value

In this report there are 51 tables or charts, including:

  • Key facts
    • Key facts: Table 1
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (Outlook)
    • Summary and key issues: Image 3
  • Location maps
    • Exploration history map
    • Location maps: Image 2
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key companies: Table 2
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Key companies: Table 3
  • Geology
    • Key play characteristics
  • Exploration
    • Exploration: Image 1
    • Cumulative exploration wells by play
    • Exploration: Image 3
    • Discoveries by license year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Reserves and resources: Image 2
    • Reserves and resources: Image 3
    • Top discoveries (TYP period)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by Play (Outlook)
    • Tertiary Onshore
    • Reserves and resources: Table 4
    • Reserves and resources: Table 5
    • Model field pool size distribution
    • Reserves and resources: Table 7
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
    • Costs: Table 1
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Economic assumptions: Table 1
  • Economic analysis
    • Value creation, exploration spend and volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Economic analysis: Image 5
    • Economic analysis: Image 6
    • Economic analysis: Image 7
    • Economic analysis: Image 8
    • Economic analysis: Table 1
    • Tertiary Onshore
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...