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13 Pages

Turkey Black Sea exploration basin


Turkey Black Sea exploration basin

Report summary

The Turkish sector of the Black Sea basin is a deepwater, frontier exploration province. Just 10 deepwater wells have been completed in the basin, all of which have been dry despite the success in the neighbouring Romanian Black Sea. Huge uncertainty therefore remains over the hydrocarbon potential of the basin as explorers are still seeking a working continuation of the play in Turkish waters. There are numerous challenges in the basin, including deep to ultra-deepwater, limited offshore infrastructure, and difficulty in mobilising equipment to the land-locked basin through the busy Bosphorus Strait.

What's included?

This report includes 2 file(s)

  • Turkey Black Sea exploration basin PDF - 654.59 KB 13 Pages, 11 Tables, 13 Figures
  • Turkey Black Sea.zip ZIP - 1.75 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
  • Reserves and resources
    • Yet-to-find potential
      • Play inputs - Tertiary Deepwater
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • Prospect economics - Tertiary Deepwater

In this report there are 24 tables or charts, including:

  • Key facts
    • Key play data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • 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
    • Cumulative exploration wells by play
  • Reserves and resources
    • Frontier methodology parameters
    • Key play data
  • Development
    • Tertiary Deepwater
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Expected monetary value (EMV)
    • Full-cycle economic analysis
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