Asset Report
Vietnam Cuu Long exploration basin
Report summary
The Cuu Long Basin is located off the southeast coast of Vietnam, and extends in an elongate NE-SW trend, parallel to shore. Water depths are typically less than 100 metres. The basin has two main prospective plays: the Tertiary sequence, and the deeper Basement play. About 80% of production to date has come from the Basement. Oil fields within the shallower Tertiary reservoirs tend to have higher levels of associated gas. The Cuu Long Basin has been the most valuable in Vietnam over the past decade and is now at an advanced maturity stage. It has modest remaining prospective resources and value creation potential. This Exploration Basin report provides a detailed analysis of exploration in the basin, including discovery and development costs, location map, information about licensing and fiscal terms, and prospective resource volume and value potential. This report is accompanied by excel downloads which detail costs, volumes and value.
Table of contents
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Key issues include:
- Basin Setting
- Wells drilled
- Basin success rates
- Volumes discovered
- Prospective resource potential
-
Play inputs
- Creaming curve and key play data
- Model field pool size distribution
- Existing discoveries and modelled prospective resource pool size distribution
- Prospective resource modelled costs and underlying development assumptions
- Licensing
- Fiscal terms
- Oil and gas prices
- TYP economics
- Outlook economics
-
Development value
- Basement
- Tertiary
-
Prospect breakeven price
- Basement
- Tertiary
- Expected monetary value (EMV)
- Play economics
- Full cycle basin economics
Tables and charts
This report includes 55 images and tables including:
- Commerciality index
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key licence holders (as of 2020)
- Key well operators (TYP period)
- Gross exploration wells completed by operator
- Net exploration wells completed by participant
- Drilling activity by well type
- Cumulative exploration wells by play
- Discoveries and success rates
- Discoveries by licence year and drilling year
- Basin creaming curve
- Key basin data
- Volumes discovered by year
- Average discovery size and volume per well by year
- Top discoveries (TYP period)
- Cumulative discoveries by play
- Cumulative volumes discovered by play
- Forecast data by play (outlook)
- Basement
- Tertiary
- Recent discovery costs
- Summary of discovery and development costs
- Exploration and appraisal spend by well type
- Exploration spend per well and average well depth
- Typical fiscal terms
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
- Value creation, exploration spend and volume discovered
- Returns by drilling year
- Breakeven price versus prospect size
- Value creation versus investment
- Basement
- Tertiary
- Basement
- Tertiary
- Full-cycle economic analysis
- Key play characteristics
- Basement
- Tertiary
- Basement
- Tertiary
- Basement
- Tertiary
- Value of potential discoveries
- Unit value of potential discoveries
- Value of potential discoveries
- Unit value of potential discoveries
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
- Breakeven price of exploration
- Discount rate breakeven price sensitivities
What's included
This report contains:
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