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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.
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This report includes 2 file(s)
Sierra Leone Liberia exploration basin PDF - 3.55 MB 20 Pages, 15 Tables, 27 Figures
Sierra Leone Liberia.zip ZIP - 2.62 MB
Description
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | Nov 2016
Sierra Leone Liberia exploration basin
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