Asset Report
UK Northern North Sea exploration basin
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The basin is mature with an average discovery size of just 18 mmboe over the last decade, and prospective resource is just a tiny fraction of discovered volumes. Despite most of the volumes discovered being commercial, cost overruns and delays have plagued development, resulting in significant full-cycle value destruction over the last decade. However, exploration performance has improved since 2015 and provides reason to be optimistic; the average discovery size has increased, and a larger proportion of volumes is considered commercial.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
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Prospective resources by play
- Mesozoic
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Prospective resource costs and underlying development assumptions
- Expected monetary value (EMV)
- Full cycle basin economics
- Licensing
- Fiscal terms
Tables and charts
This report includes the following images and tables:
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MesozoicSummary of discovery and development costsTypical fiscal terms
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Brent and local oil price assumptionsExploration wells by playKey play characteristicsExploration history mapTop 10 discoveriesKey licence holdersCreaming curveDiscoveries and success ratesMesozoic
- 1 more item(s)...
What's included
This report contains:
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