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31 Pages

UK Moray Firth exploration basin


UK Moray Firth exploration basin

Report summary

The UK's Moray Firth Basin is a proven province where significant oil and gas volumes have been discovered over the last four decades.  The giant Buzzard oil discovery of 2001 demonstrated the potential for large hydrocarbon finds within stratigraphic traps in the basin. The valuation creation and rate of return in our outlook period is a lot higher than in the ten-year history due to changes to the fiscal terms within the last twelve months.

What's included?

This report includes 2 file(s)

  • UK Moray Firth exploration basin PDF - 917.09 KB 31 Pages, 24 Tables, 38 Figures
  • UK Moray Firth.zip ZIP - 3.17 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
  • Key companies
  • Geology
  • Exploration
    • Wells drilled
    • Basin success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play inputs
        • Creaming curve and key play data
      • Model field pool size distribution
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
    • Oil and gas prices
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development value
        • Late Jurassic/Early Cretaceous
        • Paleocene
      • Prospect breakeven price
        • Late Jurassic/Early Cretaceous
        • Paleocene
      • Expected monetary value (EMV)
        • Paleocene
      • Play Economics
        • Full cycle economics -
        • Paleocene
        • Full cycle basin economics
          • Full-cycle economic analysis
      • Implied acreage value
        • Average value of future discoveries and implied acreage value

In this report there are 62 tables or charts, including:

  • Key facts
    • Play level data
    • Assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration history map
    • Exploration wells by play
  • Participation
    • Participation: Image 1
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key well operators (TYP period)
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
    • Company success rates and discoveries
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
    • Discoveries and success rates
    • Discoveries by licence year and drilling year
  • Reserves and resources
    • Basin creaming curve
    • Key basin data
    • Reserves and resources: Image 2
    • Reserves and resources: Image 3
    • Top discoveries (TYP period)
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by Play (outlook)
    • Late Jurassic/Early Cretaceous
    • Reserves and resources: Table 4
    • Paleocene
    • Reserves and resources: Table 5
    • Late Jurassic/Early Cretaceous
    • Paleocene
    • Late Jurassic/Early Cretaceous
    • Paleocene
  • Development
    • Late Jurassic/Early Cretaceous
    • Paleocene
  • Costs
    • Recent discovery costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Brent and local oil price assumptions
    • Henry Hub and local gas price assumptions
  • Economic analysis
    • Value creation, spend and volume discovered
    • Returns by drilling year
    • Breakeven price versus prospect size
    • Value creation versus investment
    • 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
    • Late Jurassic/Early Cretaceous
    • Economic analysis: Table 2
    • Late Jurassic/Early Cretaceous
    • Economic analysis: Table 4
    • Economic analysis: Table 5
    • Economic analysis: Table 6
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