Asset Report
Myanmar Bengal Delta exploration sub-basin
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.
Table of contents
- 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
-
Expected Monetary Value (EMV)
- Pliocene Deepwater
- Play economics
- Full cycle basin economics
Tables and charts
This report includes 41 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
- Net exploration wells completed by participant
- 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
- 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)
- Pliocene Deepwater
- Recent discovery costs
- Summary of discovery and development costs
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Typical fiscal terms
- Henry Hub and local gas price assumptions
- Value creation, spend and volume discovered
- Breakeven price versus prospect size
- Value creation versus investment
- Full cycle economics - Pliocene Deepwater
- Creaming curve and key play data
- Pliocene Deepwater
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Expected monetary value (EMV) at Base price
What's included
This report contains:
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