Asset Report
Oman Mountains Foldbelt exploration basin
Report summary
Since our last update, the Oman Mountains Foldbelt basin outline has been updated, keeping in line with that published by CCG. This has had a dramatic impact on all metrics, most notably, the projected prospective resources generated by our creaming curve. The giant Fahud field now falls in the Rub al Khali basin. Only 33 mmboe of reserves are now assigned to the Mesozoic Onshore play, with no discoveries having been made in the last ten years. The Oman Mountains Foldbelt Basin was created during a period of uplift during the late Tertiary period. Exploration is primarily focused on the onshore sector of the basin but there has been limited success to date despite a number of independent oil companies exploring. There has been limited drilling over the last ten years but some notable licence awards in the basin from the 2017 licence round, to Eni, Occidental and Ara Petroleum, present new exploration opportunities.
Table of contents
- Key facts
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Summary and key issues
- Key issues include:
- Location maps
- Participation
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Key companies
- Key licence holders
- Geology
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Exploration
- Wells drilled
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Reserves and resources
- Volumes discovered
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Prospective resource potential
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Play inputs
- Creaming curve and key play data
- Model field pool size distribution
- Existing discoveries and modelled prospective resource pool size distribution
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Play inputs
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Development
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- Prospective resource costs and underlying development assumptions
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- Costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
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Economic assumptions
- Oil and gas prices
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Economic analysis
- TYP economics
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Outlook economics
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Development value
- Mesozoic Onshore
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Prospect breakeven price
- Mesozoic Onshore
- Expected monetary value (EMV)
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Development value
Tables and charts
This report includes 40 images and tables including:
- Play level data
- Assumptions
- Summary and key issues: Image 1
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Summary of discovery and development costs
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Commerciality index
- Key companies: Table 1
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Company success rates and discoveries
- Drilling activity by well type
- Cumulative exploration wells by play
- Basin creaming curve
- Key basin data
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- Forecast data by Play (outlook)
- Typical fiscal terms
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
- Value creation, spend and volume discovered
- Breakeven price versus prospect size
- Mesozoic Onshore
- Reserves and resources: Table 5
- Mesozoic Onshore
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Economic analysis: Table 4
- Mesozoic Onshore
- Reserves and resources: Table 3
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
What's included
This report contains:
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