Asset Report
UK Northern North Sea exploration basin
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:
-
Prospective resources by play
- Mesozoic
-
Prospective resource costs and underlying development assumptions
- Expected monetary value (EMV)
- Full cycle basin economics
- Licensing
- Fiscal terms
Tables and charts
This report includes 13 images and tables including:
- Mesozoic
- Summary of discovery and development costs
- Typical fiscal terms
- Brent and local oil price assumptions
- Exploration wells by play
- Key play characteristics
- Exploration history map
- Top 10 discoveries
- Key licence holders
- Creaming curve
- Discoveries and success rates
- Mesozoic
- Full cycle economic analysis
What's included
This report contains:
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