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22 Pages

Venezuela Columbus exploration basin


Venezuela Columbus exploration basin

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.

What's included?

This report includes 2 file(s)

  • Venezuela Columbus exploration basin PDF - 668.60 KB 22 Pages, 17 Tables, 26 Figures
  • Venezuela Columbus.zip ZIP - 2.23 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.

  • Key facts
  • Summary and key issues
    • Commerciality index
    • Risk – the partial expropriation of service companies and facilities across Venezuela in 2009 sent a reminder of the risk and uncertainty inherent in doing business in the country. The takeovers are consistent with the policy of increased nationalisation.
  • Location maps
  • Participation
  • Key companies
    • Licensing participation
  • Geology
    • Play inputs – Plio-Pleistocene gas
  • Exploration
    • Wells drilled
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play inputs
      • Model field pool size distribution
      • Existing discoveries and modelled yet-to-find pool size distribution
  • Development
    • Plio-Pleistocene gas
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic assumptions
  • Economic analysis
    • TYP economics
    • Outlook economics
      • Development Value
        • Plio-Pleistocene Gas
      • Prospect breakeven price
      • Expected monetary value (EMV)
      • Play economics

In this report there are 43 tables or charts, including:

  • Key facts
    • Key play characteristics
    • Key assumptions
    • Key facts: Table 3
  • Summary and key issues
    • Value creation versus investment (2006-2015)
    • Value creation versus investment (2016-2035)
    • Commerciality Index
  • Location maps
    • Exploration history map
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Key companies
    • Key licence holders
    • Key well operators (2006-2015)
    • Gross exploration wells completed by operator
    • Net exploration wells completed by participant
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Cumulative exploration wells by play
  • Reserves and resources
    • Basin creaming curve
    • Key play data
    • Cumulative discoveries by play
    • Cumulative volumes discovered by play
    • Forecast data by Play (2013-2030)
    • Plio-Pleistocene Gas
    • Reserves and resources: Table 3
    • Plio-Pleistocene Gas
    • Plio-Pleistocene Gas
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
    • Exploration and appraisal spend
    • Exploration spend per well and average well depth
    • Recent Discovery Costs
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic assumptions
    • Economic assumptions: Image 1
  • Economic analysis
    • Value creation, spend and volume discovered
    • Breakeven price versus prospect size
    • Value creation versus investment
    • Value of potential discoveries
    • Unit value of potential discoveries
    • Breakeven price of exploration
    • Economic analysis: Image 7
    • Plio-Pleistocene Gas
    • Economic analysis: Table 2
    • Full cycle economic analysis
    • Average value of future discoveries and implied acreage value
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Department : .............
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