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Analysis of the results and returns from exploration in Oman's Mountains Foldbelt Basin over the last decade indicate explorers have struggled to create value, particularly from gas finds. Although most of the acreage is held by independent oil companies, unlike the adjacent Rub al Khali Basin to the south, the small discovery sizes and historically low gas prices have limited returns. Oil discoveries have fared better than gas, with higher relative prices and the facility to tie-in quickly and cheaply to existing infrastructure. Cumulative reserves discovered in the basin now amount to over 2.4 billion boe. Analysis of the yet-to-find volumes and future outlook in the basin is a little more positive as gas developments become more extensive in Oman and gas prices improve. If future explorers can find sufficient volumes, they can expect to achieve good returns on investment.
What's included?
This report includes 2 file(s)
Oman Mountains Foldbelt exploration basin PDF - 778.72 KB 25 Pages, 21 Tables, 31 Figures
Oman Oman Mountains Foldbelt.zip ZIP - 2.61 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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Asset report | Mar 2016
Oman Mountains Foldbelt exploration basin
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