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19 Pages

Russia West Barents Sea exploration basin

Russia West Barents Sea exploration basin

Report summary

The Russian sector of the West Barents Sea Basin is located off northern Russia within the Arctic Circle.  Only one well has been drilled there to date and the province is thought to be predominantly gas-prone. Activity in the area is likely to be delayed as a result of the EU and US sanctions introduced in 2014. Despite the relatively high cost environment in the basin, value creation and positive returns can be achieved at the Base price.

What's included?

This report includes 2 file(s)

  • Russia West Barents Sea exploration basin PDF - 1.05 MB 19 Pages, 17 Tables, 13 Figures
  • Russia West Barents ZIP - 1.66 MB


Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.

Explorers and advisors can use this report to understand the history and potential value of this basin.

Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.

Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Reserves and resources
    • Volumes discovered
      • Yet-to-find potential
      • Play inputs
      • Model field pool size distribution
  • Development
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development value
      • Prospect breakeven price
      • Expected monetary value (EMV)
      • Play economics
    • Full cycle basin economics
    • Implied acreage value

In this report there are 30 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
  • Geology
    • Key play characteristics
  • Reserves and resources
    • Key basin data
    • Frontier methodology parameters
    • Forecast data by play
    • Jurassic Shelf
    • Jurassic Shelf
    • Reserves and resources: Table 6
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
    • Summary of discovery and development costs
  • Fiscal and regulatory
    • Category Four Arctic Offshore Terms
  • Economic assumptions
    • Henry Hub and local gas price assumptions
  • Economic analysis
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Discount rate breakeven price sensitivities
    • Jurassic Shelf
    • Jurassic Shelf
    • Full cycle economic analysis
    • Average value of future discoveries and implied acreage value
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