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.
Table of contents
- Key facts
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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
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Key companies
- Licensing participation
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Geology
- Play inputs – Plio-Pleistocene gas
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Exploration
- Wells drilled
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Reserves and resources
- Volumes discovered
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Yet-to-find potential
- Play inputs
- Model field pool size distribution
- Existing discoveries and modelled yet-to-find pool size distribution
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Development
- Plio-Pleistocene gas
- Costs
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Fiscal and regulatory
- Licensing
- Fiscal terms
- Economic assumptions
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Economic analysis
- TYP economics
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Outlook economics
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Development Value
- Plio-Pleistocene Gas
- Prospect breakeven price
- Expected monetary value (EMV)
- Play economics
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- Plio-Pleistocene Gas
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Full cycle basin economics
- Implied acreage value
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Development Value
Tables and charts
This report includes 43 images and tables including:
- Key play characteristics
- Key assumptions
- Key facts: Table 3
- 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
- Key play characteristics
- Exploration and appraisal spend
- Exploration spend per well and average well depth
- Recent Discovery Costs
- Economic assumptions: Image 1
- Commerciality Index
- Key licence holders
- Key well operators (2006-2015)
- 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
- Key play data
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- Forecast data by Play (2013-2030)
- Yet-to-find costs and underlying development assumptions
- Typical fiscal terms
- Value creation, spend and volume discovered
- Breakeven price versus prospect size
- Value creation versus investment
- Plio-Pleistocene Gas
- Reserves and resources: Table 3
- Plio-Pleistocene Gas
- Plio-Pleistocene Gas
- Breakeven price of exploration
- Economic analysis: Image 7
- Plio-Pleistocene Gas
- Value of potential discoveries
- Unit value of potential discoveries
- Economic analysis: Table 2
- Full cycle economic analysis
- Average value of future discoveries and implied acreage value
What's included
This report contains:
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