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.
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
- Key well operators (TYP period)
- Geology
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Exploration
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Wells drilled
- Basin success rates
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Wells drilled
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Reserves and resources
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Volumes discovered
- Top discoveries (TYP period)
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Yet-to-find potential
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Play inputs
- Creaming curve and key play data
- Model field pool size distribution
- Existing discoveries and modelled yet-to-find pool size distribution
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Play inputs
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Volumes discovered
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Development
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- Yet-to-find 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 52 images and tables including:
- Play level data
- Assumptions
- 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
- Key play characteristics
- Recent discovery costs
- Summary of discovery and development costs
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Commerciality index
- 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
- Drilling activity by well type
- Cumulative exploration wells by play
- Basin creaming curve
- Key basin data
- Volume discovered by year
- Average discovery size and volume per well by year
- 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
- Returns by drilling year
- Breakeven price versus prospect size
- Value creation versus investment
- Discoveries and success rates
- Discoveries by licence year and drilling year
- Reserves and resources: Table 2
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- 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
- Mesozoic Onshore
- Reserves and resources: Table 4
- 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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