Asset Report
Oman Rub al Khali exploration basin
Report summary
Exploration in Oman's Rub al Khali Basin over the last ten years has delivered excellent full-cycle returns. Key oil and gas-bearing plays are the Precambrian to Cretaceous oil play, and a Paleozoic tight gas play. Returns were driven by the relatively high levels of oil, and by the relatively low levels of sub-commercial discoveries in the mix. The future outlook for exploration also looks positive, with prospective resources into the billions of barrels of oil equivalent for both oil and gas. Oil finds can be quickly and cheaply tied into existing infrastructure, but gas prices will need to be negotiated up in order for explorers to create value from the gas play.
Table of contents
- Key issues include:
- Wells drilled
- Basin success rates
-
Volumes discovered
- Top discoveries (TYP period)
- Prospective resource potential
-
Play inputs
- Creaming curve and key play data
-
- Model field pool size distribution
- Existing discoveries and modelled prospective resource pool size distribution
-
Prospective resource costs and underlying development assumptions
- Recent Discovery Costs
- Summary of discovery and development costs
- Licensing
- Fiscal terms
- Oil and gas prices
- TYP economics
- Outlook economics
-
Development value
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Prospect breakeven price
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Expected monetary value (EMV)
- Play economics
- Full cycle basin economics
Tables and charts
This report includes 54 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key licence holders
- Key well operators (TYP period)
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Key play characteristics
- Drilling activity by well type
- Cumulative exploration wells by play
- Discoveries and success rates
- Discoveries by licence year and drilling year
- Basin creaming curve
- Key basin data
- Volumes discovered by year
- Average discovery size and volume per well by year
- Forecast data by Play (outlook)
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- 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
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Full-cycle economic analysis
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Paleozoic Gas
- Precambrian to Cretaceous Oil
- Exploration and appraisal spend
- Exploration spend per well and average well depth*
- Value of potential discoveries
- Unit value of potential discoveries
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
What's included
This report contains:
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