Asset Report
Sierra Leone Liberia exploration basin
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Sierra Leone's history of political and economic instability, combined with the Ebola outbreak in 2014, has resulted in little to no exploration in past couple of years. The country's position along the West African Transform Margin made it attractive to explorers looking to replicate the recent success in countries such as Ghana, however disappointing exploration results offshore Liberia and Sierra Leone have raised concerns with the overall petroleum system and limited yet-to-find volumes. With no commercial fields and no existing infrastructure, early developments with have to support the cost of the country's upstream industry. Sierra Leone has an attractive fiscal regime compared to other deepwater West African countries. However, prospect economics are extremely marginal for investors. High exploration and development costs in a low price environment has resulted in value destruction across the basin.
Table of contents
- Key issues include:
- Wells drilled
- Basin success rates
- Volumes discovered
- Yet-to-find potential
-
Play inputs
- Model field pool size distribution
- Existing discoveries and modelled yet-to-find pool size distribution
- Yet-to-find costs and underlying development assumptions
- Licensing
- Fiscal terms
- TYP economics
-
Outlook economics
- Development value
- Cretaceous Deepwater
- Prospect breakeven price
- Expected monetary value
- Play economics
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
-
Commerciality indexExploration wells by playLicensed exploration acreage
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Expiry forecast of current licencesKey play characteristicsDrilling activity by well typeCumulative exploration wells by playDiscoveries and success ratesDiscoveries by licence year and drilling yearBasin creaming curveKey basin dataVolumes discovered by well
- 25 more item(s)...
What's included
This report contains:
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