Asset Report

Peru Ucayali exploration basin

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The Ucayali Basin of onshore Peru covers 138,000 km2 of dense Amazon jungle and rugged Andean mountain terrain. It is under-explored, and infrastructure is limited to developments in the extreme north and south of the basin. The basin is gas prone, and we expect more than 9 tcf of gas (plus 525 mmbbl of associated liquids) to be discovered over the next 20 years. The majority of gas is currently sold to the domestic market for industrial use, with the remainder produced for export via Peru LNG. The sole pipeline feeding into the LNG plant is operating at full capacity and hence half of the volume discovered in the last decade is stranded without access to infrastructure. Construction of the Southern Gas Pipeline (GSP), designed to connect gas fields in the Camisea region to demand centres in the south, began in 2014, but has suffered significant delays.

Table of contents

  • Key issues include:
  • Wells drilled
  • Basin success rates
  • Volumes discovered
    • 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
  • Licensing
  • Fiscal terms
  • Oil and gas prices
  • TYP economics
  • Outlook economics
    • Cretaceous Gas
    • Cretaceous Gas
  • Expected monetary value (EMV)
  • Play economics
  • Full cycle basin economics
  • Implied acreage value

Tables and charts

This report includes 46 images and tables including:

  • Commerciality index
  • Exploration history map
  • 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
  • Top discoveries (TYP period)
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Forecast data by play (outlook)
  • Cretaceous Gas
  • Recent discovery costs
  • Summary of discovery and development costs
  • Exploration and appraisal spend by well type
  • Exploration spend per well and average well depth
  • Typical fiscal terms
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value creation, exploration spend & volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Cretaceous Gas
  • Cretaceous Gas
  • Full-cycle economic analysis
  • Average value of future discoveries and implied acreage value
  • Cretaceous Gas
  • Cretaceous Gas
  • Cretaceous Gas
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities

What's included

This report contains:

  • Document

    Peru Ucayali exploration basin.zip

    ZIP 3.38 MB

  • Document

    Peru Ucayali exploration basin

    ZIP 5.81 MB

  • Document

    Peru Ucayali exploration basin

    ZIP 5.81 MB