Asset report

Myanmar Bengal Delta Sub-basin exploration basin

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Report summary

Interest in Myanmar's upstream sector has surged in the past 10 years or so 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 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), with proven deepwater players such as BG, Woodside and Shell leading the way. The anticipated wave of high-impact drilling from the 2013 licensing round has not materialised. Shell and Statoil excited the play in 2017. The petroleum system remains largely unproven and exploration risk is high. It is struggling to compete for capital in a time of streamlined exploration portfolios.

What's included

This report contains

  • Document

    Myanmar Bengal Delta Sub-Basin-

    ZIP 2.70 MB

  • Document

    Myanmar Bengal Delta Sub-basin exploration basin

    PDF 4.59 MB

  • Document

    Myanmar Bengal Delta Sub-basin exploration basin

    ZIP 7.10 MB

Table of contents

Tables and charts

This report includes 46 images and tables including:


  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Commerciality index
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • 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
  • Cumulative discoveries by play
  • Reserves and resources: Image 4
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Henry Hub and local gas price assumptions
  • Value creation, spend and volume discovered
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Creaming curve and key play data
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities


  • Key facts: Table 1
  • Key facts: Table 2
  • Key play characteristics
  • Key licence holders
  • Key well operators (TYP period)
  • Top discoveries (TYP period)
  • Reserves and resources: Table 2
  • Costs: Table 1
  • Costs: Table 2
  • Key companies: Table 3
  • Reserves and resources: Table 3
  • Development: Table 1
  • Fiscal and regulatory: Table 1
  • Reserves and resources: Table 4
  • Economic analysis: Table 1
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Economic analysis: Table 2

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