Nigeria-Sao Tome JDZ Niger Delta exploration basin
Get this report
$2,250
You can pay by card or invoice
Report summary
The Nigeria-São Tomé Joint Development Zone (JDZ) is claimed by both Nigeria and São Tomé e Príncipe. The two countries agreed in 2001 to enable oil exploration and jointly develop resources within the JDZ. This includes acreage on the southern fringe of the prolific Niger Delta basin in ultra-deep waters. The first well, in 2006, discovered the Obo field; whilst this is close to producing fields across the Nigerian maritime border, appraisal drilling has been disappointing and the field is classified as sub-commercial. Although drilling success rates in the basin have been high, discovered volumes have not met with early expectations, being gassy and smaller than anticipated. However, just seven wells have been drilled to date, and large areas of the basin remain unexplored. Nevertheless, results to date, combined with the current low oil price environment, potentially high development costs and challenging fiscal terms are likely to limit exploration in the immediate future.
Table of contents
- Key facts
-
Summary and key issues
- Key issues include:
- Location maps
- Participation
- Geology
-
Exploration
- Wells drilled and success rates
-
Reserves and resources
- Volumes discovered
-
Yet-to-find potential
- Play creaming curve and key play data
-
Development
- Yet-to-find costs and underlying development assumptions
- Costs
-
Fiscal and regulatory
- Licensing
- Fiscal terms
-
Economic analysis
- Prospect economics - Tertiary Deepwater
Tables and charts
This report includes 25 images and tables including:
- Key play data
- Assumptions
- Price assumptions
- Value creation versus investment (TYP period)
- Values creation versus investment (outlook)
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Costs: Table 1
- Exploration and appraisal spend
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and YTF volume
- Commerciality index
- Drilling activity by well type
- Discoveries and success rate
- Top discoveries (TYP period)
- Tertiary Deepwater
- Typical fiscal terms
- Unit value of potential discoveries
- Prospect breakeven prices
- Expected monetary value
- Full-cycle economic analysis
- Tertiary Deepwater
- Reserves and resources: Table 2
What's included
This report contains:
Other reports you may be interested in
25 September 2017
Equatorial Guinea Niger Delta exploration basin
Equatorial Guinea Niger Delta exploration basin
Both plays have moderate oil and gas remaining potential, but will require prices to remain steady or rise for full-cycle value creation.
$2,25026 October 2017
Nigeria-Sao Tome JDZ upstream summary
Nigeria-Sao Tome JDZ upstream summary
Nigeria-São Tomé and Príncipe Joint Development Zone (JDZ) is a small area of deepwater acreage in the Gulf Of ...
$3,40013 July 2017
Nigeria Niger Delta exploration basin
Nigeria Niger Delta exploration basin
The Niger Delta remains a world-class petroleum province with significant yet-to-find volume and potential for value creation.
$2,250
