Asset report
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16 Pages

Trinidad and Tobago Trinidad exploration basin


Trinidad and Tobago Trinidad exploration basin

Report summary

The Trinidad basin in Trinidad & Tobago has over a century of exploration history, with over 2.67 billion barrels of reserves discovered. However, in recent years explorers have struggled to create value due to the small discovery sizes and low remaining prospectivity of this mature basin. PSC terms were introduced for the 2010 and subsequent licence rounds, which reduced government profit share and allow improved economics for discoveries. Explorers further benefit from low development costs and short lead times due to the abundant infrastructure in the basin. Within the basin the southern sub-basin play covers southern Trinidad, an important oil producing province (second only to the Columbus basin) and yields most of Trinidad's onshore fields plus the majority of the offshore Gulf of Paria fields. Our outlook in this report is confined solely to the oil play in this southern sub-basin; we identify the remaining yet-to-find resource and analyse the returns possible.

What's included?

This report includes 2 file(s)

  • Trinidad and Tobago Trinidad exploration basin PDF - 2.75 MB 16 Pages, 16 Tables, 16 Figures
  • Trinidad Trinidad.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.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Geology
  • Exploration
    • Wells drilled
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
    • Play inputs
      • Model field pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • TYP and outlook economic analysis
    • Prospect economics
      • Southern Sub-basin Oil
    • Full-cycle basin economics
      • Implied acreage value

In this report there are 32 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook period)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rate
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Top discoveries (TYP period)
    • Forecast data by play (2016-2035)
    • Reserves and resources: Image 2
    • Reserves and resources: Table 4
    • Southern Sub-basin Oil
  • Development
    • Southern Sub-basin Oil
  • Costs
    • Summary of discovery and development costs
    • Costs: Image 1
    • Costs: Image 2
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation, spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Southern Sub-basin Oil
    • Southern Sub-basin Oil
    • Full-cycle economic analysis
    • Average value of future discoveries and implied acreage value
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