Myanmar Bengal Delta exploration sub-basin Report

Asset Report 20 December 2019

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Report summary

Interest in Myanmar's upstream sector has surged in the past 10 years as diplomatic relations with the West improved. The deepwater Bengal Delta Sub-basin became one of the most keenly watched frontier plays worldwide. The 2013 offshore licensing round, which included deepwater blocks in the Bengal Delta Sub-basin, was strongly contested. The round saw the entry of both majors and large international oil companies (IOCs). However, the wave of high-impact drilling anticipated to follow the licensing round has not materialised due to tough fiscal terms and more realistic view of prospectivity. The petroleum system remains largely unproven and exploration risk is high. The basin is struggling to compete for capital in a time of disciplined spending and streamlined exploration portfolios.

Key issues include:
Wells drilled
Basin success rates
Volumes discovered
Prospective resource potential
- Play inputs
- Model field pool size distribution
Prospective resource costs and underlying development assumptions
Licensing
Fiscal terms
Gas prices
TYP economics
Development Value
- Pliocene Deepwater
Prospect breakeven price
- Pliocene Deepwater
3 more item(s)...