Asset report

Oman Mountains Foldbelt exploration basin

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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 contains

  • Document

    Oman Oman Mountains

    ZIP 2.61 MB

  • Document

    Oman Mountains Foldbelt exploration basin

    PDF 778.72 KB

  • Document

    Oman Mountains Foldbelt exploration basin

    ZIP 3.27 MB

Table of contents

Tables and charts

This report includes 52 images and tables including:


  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Location maps: Image 2
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Commerciality index
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Basin creaming curve
  • Volume discovered by year
  • Average discovery size and volume per well by year
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Mesozoic Onshore
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities


  • Play level data
  • Assumptions
  • Key play characteristics
  • Recent discovery costs
  • Summary of discovery and development costs
  • Key companies: Table 1
  • Key companies: Table 2
  • Company success rates and discoveries
  • Key basin data
  • Forecast data by Play (outlook)
  • Typical fiscal terms
  • Reserves and resources: Table 2
  • Mesozoic Onshore
  • Reserves and resources: Table 6
  • Reserves and resources: Table 7
  • Mesozoic Onshore
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Reserves and resources: Table 4

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