Asset report

Thailand Pattani exploration basin

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Report summary

The Pattani Basin is located in the Gulf of Thailand and extends into Cambodia where a maritime boundary dispute has historically curtailed exploration. Exploration can largely be split between the oil prone north and the gas prone south. The oil play is mature and future exploration will mostly target near field prospects of less than 10 mmboe. Any discovery could be brought onstream rapidly and cheaply through short tie backs to existing infrastructure. The gas play offers the largest yet to find potential but low prices limit future value creation. The 21st Licensing Round is likely to be relaunched in early 2017 and offer new PSC terms alongside existing concession terms. This exploration basin report provides a detailed analysis of recent exploration and future expectations including discovery and development costs maps and details of licensing and fiscal terms. We also evaluate the yet to find volume and value potential. The report is accompanied by multiple excel downloads.

What's included

This report contains

  • Document

    Thailand Pattani exploration basin.zip

    ZIP 2.86 MB

  • Document

    Thailand Pattani exploration basin

    PDF 925.68 KB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 62 images and tables including:

Images

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Commerciality index
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • 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
  • Tertiary Oil
  • Tertiary Gas
  • Tertiary Oil
  • Tertiary Gas
  • 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

Tables

  • Play level data
  • Assumptions
  • Key licence holders
  • Key well operators (TYP period)
  • Company success rates and discoveries
  • Key play characteristics
  • Recent discovery costs
  • Summary of discovery and development costs
  • Key basin data
  • Top discoveries (TYP period)
  • Forecast data by Play (outlook)
  • Tertiary Oil
  • Tertiary Gas
  • Typical fiscal terms
  • Reserves and resources: Table 4
  • Reserves and resources: Table 5
  • Reserves and resources: Table 6
  • Reserves and resources: Table 7
  • Economic analysis: Table 1
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Full-cycle economic analysis
  • Average value of future discoveries and implied acreage value

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