Asset report
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25 Pages

Oman Mountains Foldbelt exploration basin

Oman Mountains Foldbelt exploration basin

Report summary

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 ZIP - 2.61 MB


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
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
  • Geology
  • Exploration
    • Wells drilled
      • Basin success rates
  • Reserves and resources
    • Volumes discovered
      • Top discoveries (TYP period)
    • Yet-to-find potential
      • Play inputs
        • Creaming curve and key play data
      • Model field pool size distribution
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development value
        • Mesozoic Onshore
      • Prospect breakeven price
        • Mesozoic Onshore
      • Expected monetary value (EMV)

In this report there are 52 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Location maps: Image 2
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key companies: Table 1
    • Key companies: Table 2
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Company success rates and discoveries
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Volume discovered by year
    • Average discovery size and volume per well by year
    • Reserves and resources: Table 2
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by Play (outlook)
    • Mesozoic Onshore
    • Reserves and resources: Table 4
    • Mesozoic Onshore
    • Reserves and resources: Table 6
    • Reserves and resources: Table 7
  • Development
    • Mesozoic Onshore
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
  • Economic analysis
    • Value creation, spend and volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Economic analysis: Table 1
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Economic analysis: Table 4
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