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Exploration in the Tunisian Illizi-Ghadames Basin has presented an attractive investment opportunity stimulated by a string of small but profitable discoveries which have added 193 mmboe of reserves over the last ten years. Developments have been characterised by rapid, low cost start-ups, achieved by recompleting discovery wells as producers and tapping into the well-established infrastructure network. However the average discovery size is small and in decline, reflecting the increasing maturity of the basin. The basin still offers niche explorers the opportunity to create good returns based on modest investment. However, yet-to-find estimates and potential prospect sizes are smaller than elsewhere in North Africa, and the resulting value creation is modest. In this report Wood Mackenzie examines the key issues impacting exploration in the Silurian oil play in the basin, and provides the cost and returns metrics from historical and forecast exploration activity in this play.
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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Analyst Metal Mining Producer
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Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Asset report | Feb 2016
Tunisia lllizi Ghadames exploration basin
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