Asset Report

Trinidad and Tobago Columbus exploration basin

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20 March 2020

Trinidad and Tobago Columbus exploration basin

Report summary

Trinidad and Tobago's Columbus Basin has a long history of oil and gas exploration and production, and is one of the highest gas-producing basins in Latin America. Material gas volumes continue to be found in the basin, and though its challenged due to decreasing discovery sizes and tough PSC terms, value creation is obtainable. State-run Heritage Petroleum Company, several majors, and independents all have interests in the basin, providing access to new acreage and farm-in opportunities.

Table of contents

  • Key issues include:
  • Licensing participation
  • Company success rates
  • Wells drilled
  • Basin success rates
  • Volumes discovered
  • Prospective resource potential
    • Model field pool size distribution
    • Existing discoveries and modelled yet-to-find pool size distribution
  • Prospective resource costs and underlying development assumptions
  • Licensing
  • Fiscal terms
  • Oil and gas prices
  • TYP economics
    • Development value
    • Cenozoic Gas
    • Prospect breakeven price
    • Cenozoic Gas
    • Expected monetary value (EMV)
    • Play economics
  • Full cycle basin economics
  • Implied acreage value

Tables and charts

This report includes 44 images and tables including:

  • Columbus commerciality index
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key licence holders
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Company success rates and discoveries
  • 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 (2008-2017)
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Forecast data by Play (outlook)
  • Cenozoic Gas
  • Cenozoic Gas
  • Recent discovery costs
  • Summary of discoveries and development costs
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Typical fiscal terms - Cenozoic gas
  • Henry Hub and local gas price assumptions
  • Value creation, exploration spend & volume discovered
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Full cycle basin economics
  • Average value of future discoveries and implied acreage value
  • Cenozoic Gas
  • Cenozoic Gas
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Cenozoic Gas
  • Cenozoic Gas

What's included

This report contains:

  • Document

    Trinidad and Tobago Columbus exploration basin

    PDF 1.52 MB

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