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15 Pages

New Zealand Great South exploration basin


New Zealand Great South exploration basin

Report summary

The New Zealand Great South Basin occupies a remote deepwater area off the South Island. Despite the lack of commercial success, vast regions of the basin remain untested and Cretaceous reservoirs in the deepwater sector are believed to hold material liquid potential. The basin attracted high interest from Majors, foreign NOCs and New Zealand-based companies when a new swathe of acreage was released in 2007. Licensees have subsequently acquired significant volumes of 2D and 3D seismic data and undertaken extensive geological analysis. The first deepwater exploration well of the new wave is scheduled for 2017.

This Exploration Basin report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. We evaluate the yet-to-find volume and value potential.

This report is accompanied by multiple excel downloads which detail costs, volumes and value.


What's included?

This report includes 2 file(s)

  • New Zealand Great South exploration basin PDF - 446.76 KB 15 Pages, 11 Tables, 12 Figures
  • New Zealand Great South.zip ZIP - 2.14 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
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Geology
  • Exploration
    • Wells drilled and success rates
  • Reserves and resources
    • Yet-to-find potential
      • Key play data
  • Development
    • Yet-to-find costs and underlying development assumptions
      • Late Cretaceous/Early Tertiary Deepwater
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • TYP and outlook economics
      • Prospect economics
        • Late Cretaceous/Early Tertiary Deepwater
      • Expected monetary value
        • Late Cretaceous/Early Tertiary Deepwater
        • Full cycle basin economics

In this report there are 23 tables or charts, including:

  • Key facts
    • Key play data
    • Key facts: Table 2
    • Key facts: Table 3
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
  • Reserves and resources
    • Reserves and resources: Table 1
    • Frontier methodology parameters
  • Development
    • Development: Table 1
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation and spend
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Economic analysis: Table 1
    • Full cycle economic analysis
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