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The UK's Moray Firth Basin is a proven province where significant oil and gas volumes have been discovered over the last four decades. Our outlook assumes companies will continue to focus on prospects in the Late Jurassic/Cretaceous play as this is where the material volumes are thought to exist. The giant Buzzard oil discovery of 2001 demonstrated the potential for large hydrocarbon finds within stratigraphic traps in the basin, whilst the large Golden Eagle discovery was made in the play in 2007. Exploring for stratigraphic traps in the basin carries potential for larger finds, but the difficulty in identifying hydrocarbon-bearing reservoirs makes these prospects high risk. Positive economics in our Outlook period are driven by the liquid nature of prospects, short lead times and moderate fiscal terms.
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UK Moray Firth exploration basin PDF - 714.25 KB 21 Pages, 15 Tables, 21 Figures
UK - Moray Firth.zip ZIP - 2.39 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.
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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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 | Dec 2016
UK Moray Firth exploration basin
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