Asset Report

UK Moray Firth exploration basin

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23 February 2018

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. 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. While exploring for stratigraphic traps in the basin carries potential for larger finds, the difficulty in identifying hydrocarbon-bearing reservoirs makes these prospects highrisk. Nonetheless it has continued to provide discoveries, including the large Golden Eagle discovery (2007) and Verbier (2017). Positive economics in our Outlook period are driven by the liquid nature of prospects, short lead times and attractive fiscal terms.

Table of contents

Tables and charts

This report includes 36 images and tables including:

  • Key play data
  • Assumptions
  • Price assumptions
  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Participation: Image 1
  • Expiry forecast of current licences
  • Recent discovery costs
  • Summary of discovery and development costs
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Commerciality index
  • Geology: Table 1
  • Drilling activity by well type
  • Exploration: Image 2
  • 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
  • Typical fiscal terms
  • TYP value creation, spend and volumes discovered
  • Outlook value creation, spend and volumes discovered
  • Late Jurassic/Early Cretaceous
  • Late Jurassic/Early Cretaceous
  • Reserves and resources: Table 4
  • Unit value of potential discoveries
  • Prospect breakeven prices
  • Late Jurassic/Early Cretaceous
  • Economic analysis: Table 2

What's included

This report contains:

  • Document

    UK Moray

    ZIP 2.46 MB

  • Document

    UK Moray Firth exploration basin

    PDF 3.02 MB

  • Document

    UK Moray Firth exploration basin

    ZIP 5.38 MB