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20 Pages

Liberia Liberia exploration basin


Liberia Liberia exploration basin

Report summary

Liberia's history of political and economic instability, combined with the Ebola outbreak in 2014, has resulted in little to no exploration in past couple of years. The country's position along the West African Transform Margin made it attractive to explorers looking to replicate the recent success in countries such as Ghana, however disappointing exploration results offshore Liberia and Sierra Leone have led to tapered expectations. All current acreage is in the deep to ultra-deepwater environment with high E&A costs and essentially zero infrastructure available. With no commercial fields and no existing infrastructure, early developments with have to support the cost of the country's upstream industry. High costs paired with modest success rates in a low price environment generates value destruction across the basin.

What's included?

This report includes 2 file(s)

  • Liberia Liberia exploration basin PDF - 3.74 MB 20 Pages, 14 Tables, 27 Figures
  • Liberia Liberia.zip ZIP - 2.61 MB

Description

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
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Model field pool size distribution
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development value
      • Prospect breakeven price
      • Expected monetary value (EMV)
      • Play economics
      • Full cycle basin economics

In this report there are 41 tables or charts, including:

  • Key facts
    • Key play data
    • Price Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rate
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Volumes discovered by year
    • Average discovery size and volume per well by year
    • Top discoveries (2016-2035)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by play (2016-2035)
    • Chart title goes here
    • Reserves and resources: Table 4
    • Cretaceous Deepwater
    • Cretaceous Deepwater
  • Development
    • Cretaceous Deepwater
  • Costs
    • 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 analysis
    • Value creation, exploration spend & volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Cretaceous Deepwater
    • Cretaceous Deepwater
    • Full-cycle economic analysis
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