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.

What's included

This report contains

  • Document

    Venezuela Columbus.zip

    ZIP 2.23 MB

  • Document

    Venezuela Columbus exploration basin

    PDF 668.60 KB

  • Document

    Venezuela Columbus exploration basin

    ZIP 2.80 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 43 images and tables including:

Images

  • 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

Tables

  • 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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