Asset report

Venezuela Columbus exploration basin

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Report summary

The Venezuelan portion of the Columbus Basin - commonly known as the Plataforma Deltana - is on trend with the prolific gas plays in Trinidad & Tobago. Exploration in the Venezuelan sector of the basin has been minimal compared to its neighbour. There are currently no existing developments in the basin and a lack of infrastructure, which leads to high costs. With an agreement in place to jointly develop the Loran-Manatee cross-border field, potential development options might be on the horizon. Current costs are too high and the value of potential discoveries is negative even at High prices.

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    Venezuela Columbus exploration basin

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Table of contents

Tables and charts

This report includes 43 images and tables including:


  • Value creation versus investment (2006-2015)
  • Value creation versus investment (2016-2035)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Economic assumptions: Image 1
  • Commerciality Index
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Basin creaming curve
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Value creation, spend and volume discovered
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Plio-Pleistocene Gas
  • Plio-Pleistocene Gas
  • Breakeven price of exploration
  • Economic analysis: Image 7
  • Value of potential discoveries
  • Unit value of potential discoveries


  • Key play characteristics
  • Key assumptions
  • Key facts: Table 3
  • Key play characteristics
  • Recent Discovery Costs
  • Key licence holders
  • Key well operators (2006-2015)
  • Key play data
  • Forecast data by Play (2013-2030)
  • Yet-to-find costs and underlying development assumptions
  • Typical fiscal terms
  • Reserves and resources: Table 3
  • Plio-Pleistocene Gas
  • Plio-Pleistocene Gas
  • Economic analysis: Table 2
  • Full cycle economic analysis
  • Average value of future discoveries and implied acreage value

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