Asset Report

Libya Sirte exploration basin

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The asset report for the Libya Sirte exploration basin has been archived. The civil uprising of 2011 interrupted exploration activity in the basin. Foreign operators re-entered the basin over 2012-13 but security deteriorated in 2014 and we expect unrest to continue in the near to medium term. A comprehensive update will be carried out when activity resumes. However if the basin is of interest to you, please contact us using the analyst details linked to this report and we will share Wood Mackenzie’s latest views and information. This basin report was last updated in April 2015.  

Table of contents

    • Assumptions
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
  • Geology
    • Wells drilled
    • Basin success rates
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
    • Creaming curve and key play data
    • Model field pool size distribution
      • Cretaceous Deepwater Gas
    • Existing discoveries and modelled yet-to-find pool size distribution
    • Yet-to-find costs and underlying development assumptions
      • Cretaceous Deepwater Gas
  • Costs
    • Licensing
    • Oil and gas prices
    • TYP economics
    • Outlook economics
    • Development value
    • Cretaceous-Tertiary Onshore Oil
    • Cretaceous Deepwater Gas
    • Prospect breakeven price
    • Cretaceous-Tertiary Onshore Oil
    • Cretaceous Deepwater Gas
    • Expected monetary value (EMV)
    • Play economics
    • Full cycle basin economics
    • Implied acreage value

Tables and charts

This report includes 63 images and tables including:

  • Play level data
  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Location maps: Image 2
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key licence holders
  • Key well operators (TYP period)
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Company success rates and discoveries
  • Key play characteristics
  • Recent discovery costs
  • Summary of discovering and development costs
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Key facts: Table 2
  • Summary and key issues: Image 3
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Key basin data
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Top discoveries (TYP period)
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Forecast data by play (outlook)
  • Cretaceous-Tertiary Onshore Oil
  • Reserves and resources: Table 4
  • Cretaceous Deepwater Gas
  • Reserves and resources: Table 5
  • Cretaceous-Tertiary Onshore Oil
  • Cretaceous-Tertiary Onshore Oil
  • Cretaceous Deepwater Gas
  • Development: Table 1
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Cretaceous-Tertiary Onshore Oil
  • Economic analysis: Table 2
  • Cretaceous-Tertiary Onshore Oil
  • Economic analysis: Table 4
  • Full-cycle economics analysis
  • Average value of future discoveries and implied acreage value
  • Reserves and resources: Table 7
  • Development: Table 2

What's included

This report contains:

  • Document

    Libya Sirte.zip

    ZIP 3.58 MB

  • Document

    Libya Sirte exploration basin

    PDF 2.50 MB

  • Document

    Libya Sirte exploration basin

    ZIP 5.79 MB