Asset Report
Namibia Southwest African Coastal exploration basin
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Report summary
There has been limited exploration in Namibia's Southwest African Coastal basin, and only one discovery has been made to date in the shallow water, the Kudu gas field. Consequently, the geology is poorly understood. Conceptually, the basin is considered to have geological similarities with the deepwater Cretaceous basins of Brazil. However, it is not a pre-salt play; only the northernmost blocks bordering Angola are believed to have a salt layer. Interest boomed in 2011/2012, when 30 deepwater blocks were awarded under an open licensing process. Both Majors and independents - including Shell, Maurel & Prom and Tullow Oil - acquired large swathes of acreage. In 2012, the first deepwater wells were drilled since the 1990's, but all ten wells completed so far have been disappointing. Nonetheless, interest in the basin remains high. Full details are available to download in excel and pdf format.
Table of contents
- Key facts
-
Summary and key issues
- Key issues include:
- Location maps
- Participation
- Key companies
- Geology
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Exploration
- Wells drilled and success rates
-
Reserves and resources
- Volumes discovered
- Prospective resource potential
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Development
- Prospective resource costs and underlying development assumptions
- Costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic analysis
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TYP and outlook economics
- Prospect economics
- Expected monetary value
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Full cycle basin economics
- Implied acreage value
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TYP and outlook economics
Tables and charts
This report includes 30 images and tables including:
- Key play data
- Assumptions
- Price assumptions
- Value creation versus investment (TYP period)
- Value creation versus investment (Outlook)
- Exploration history map
- Location maps: Image 2
- Licensed exploration acreage
- Expiry forecast of current licences
- Key licence holders
- Key well operators (TYP period) and success rates
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Key play characteristics
- Summary of discovery and development costs
- Exploration and appraisal spend
- Summary and key issues: Image 3
- Exploration: Image 1
- Discoveries and success rates
- Basin creaming curve
- Reserves and resources: Table 1
- Cretaceous Deepwater
- Typical fiscal terms
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and prospective resource
- Economic analysis: Table 2
- Unit value of potential discoveries
- Prospect breakeven prices
- Cretaceous Deepwater
- Average value of future discoveries and implied acreage value
What's included
This report contains:
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