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26 Pages

Myanmar Bengal Delta Sub-basin exploration basin


Myanmar Bengal Delta Sub-basin exploration basin

Report summary

Interest in Myanmar's upstream sector has surged as diplomatic relations with the West have improved. An offshore licensing round held in 2013 saw the entry of majors and IOCs, with proven deepwater players such as BG (since acquired by Shell), Woodside and Shell leading the way. Many of the blocks awarded lie across the boundary between the Bengal Delta Sub-basin and the neighbouring Arakan Basin, in a region also known as the Rakhine Sub-basin. We exclude the volume potential of the Arakan Basin from this report, though the economics of the deepwater sector can be considered analogous.The high profile Woodside-operated Shwe Yee Htun well, which is due to be spud in Q4 2015 is targeting gas, is a play-opening opportunity and a key well to watch in 2015.The Pliocene Deepwater play has significant undiscovered potential, and is one of the most keenly watched, frontier plays worldwide. However, the petroleum system is largely unproven and exploration risk is high.

What's included?

This report includes 2 file(s)

  • Myanmar Bengal Delta Sub-basin exploration basin PDF - 1.01 MB 26 Pages, 18 Tables, 29 Figures
  • Myanmar Bengal Delta Sub-Basin.zip ZIP - 2.47 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
    • Play level data
    • Assumptions
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
    • Licensing Participation
      • Company success rates and discoveries
  • Geology
  • Exploration
    • Wells drilled
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play inputs - Pliocene Deepwater
      • Model field pool size distribution
        • Pliocene Deepwater
      • Existing discoveries and modelled yet-to-find pool size distribution
        • Pliocene Deepwater
  • Development
    • Yet-to-find costs and underlying development assumptions
      • Pliocene Deepwater
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
      • Typical fiscal terms
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Pliocene Deepwater
    • Prospect breakeven price
      • Pliocene Deepwater
    • Expected Monetary Value (EMV)
      • Pliocene Deepwater
        • Expected monetary value (EMV) at Base price
        • Play economics
          • Full cycle economics - Pliocene Deepwater
        • Full cycle basin economics
        • Implied acreage value
          • Average value of future discoveries and implied acreage value

In this report there are 47 tables or charts, including:

  • Key facts
    • Key facts: Table 1
    • Key facts: Table 2
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Key companies: Table 3
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Volumes discovered by year
    • Average discovery size and volume per well by year
    • Top discoveries (TYP period)
    • Cumulative discoveries by play
    • Reserves and resources: Image 4
    • Frontier methodology parameters
    • Key play data
    • Reserves and resources: Table 4
    • Reserves and resources: Image 5
  • Development
    • Development: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
  • Economic assumptions
    • Henry Hub and local gas price assumptions
  • Economic analysis
    • 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
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Economic analysis: Table 4
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