Asset Report
Mexico Salinas - Sureste exploration basin
Report summary
The Salinas-Sureste Basin in southeast Mexico encompasses several sub-basins stretching from onshore to ultra-deepwater. They hold a variety of play types that have yielded discoveries of dry gas to extra-heavy oil and everything in between. The Campeche sub-basin holds some of the largest fields found in the Gulf of Mexico (GoM), including the super-giant Cantarell complex. In July 2015, Mexico awarded exploration blocks to IOCs for the first time. Two shallow-water and two deepwater licensing rounds have been held since 2015. To date, 11 shallow-water and 13 deepwater blocks have been awarded in the basin. This Exploration Basin report provides a detailed analysis of exploration performance and future potential, including location maps and details on costs, licensing and fiscal terms. We model prospect and play economics and forecast yet-to-find volume. This report is accompanied by excel downloads which detail costs, volumes and value.
Table of contents
- Key issues include:
- Wells drilled
- Basin success rates
- Volumes discovered
- Prospective resource potential
-
Play inputs
- Creaming curve and key play data
- Frontier methodology for Mesozoic-Cenozoic Deepwater play
- Model field pool size distribution
- Existing discoveries and modelled prospective resource pool size distribution
- Prospective resource costs and underlying development assumptions
- Licensing
-
Fiscal terms
- Shallow water PSCs
- Deepwater licences
- Oil and gas prices
- TYP economics
-
Outlook economics
- Development value
- Cenozoic Shelf Oil
- Cenozoic-Mesozoic Deepwater
- Prospect breakeven price
- Cenozoic Shelf Oil
-
Expected money value (EMV)
- Play economics
- Full-cycle basin economics
- Implied acreage value
Tables and charts
This report includes 58 images and tables including:
- Commerciality index
- Exploration history map
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key licence holders
- Key well operators (TYP period)
- Gross exploration wells completed by operator
- Company success rates and discoveries
- Key play characteristics
- 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)
- Cenozoic Shelf Oil
- Mesozoic-Cenozoic Deepwater
- Recent discovery costs
- Summary of discovery and development costs
- Exploration and appraisal spend by well type
- Exploration spend per well and average well depth
- Brent and local oil price assumptions
- HH and local gas price assumptions
- Value creation, exploration spend and volume discovered
- Returns by drilling year
- Breakeven price versus prospect size
- Value creation versus investment
- Cenozoic Shelf Oil
- Cenozoic-Mesozoic Deepwater
- Full-cycle economic analysis
- Average value of future discoveries and implied acreage value
- Cenozoic Shelf Oil
- Frontier methodology parameters
- Key play data
- Cenozoic Shelf Oil
- Mesozoic-Cenozoic Deepwater
- Cenozoic Shelf Oil
- Mesozoic-Cenozoic Deepwater
- Typical fiscal terms - Shelf PSCs
- Typical fiscal terms - Deepwater licences
- 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
- Cenozoic Shelf Oil
- Cenozoic-Mesozoic Deepwater
What's included
This report contains:
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