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16 Pages

Yemen Sab`atayn exploration basin


Yemen Sab`atayn exploration basin

Report summary

The Sab’atayn Basin is one of two key petroleum provinces in Yemen, now considered to be mature – just 45 mmboe of resources were discovered over the last decade. The deteriorating political and civil situation in Yemen since 2014 has effectively brought any further new licence awards or exploration work to a halt. Oil exploration and production has seen mass disruption caused by sporadic attacks to infrastructure perpetrated by both local insurgents and Islamist militants. Despite the modest yet-to-find potential, when exploration eventually resumes Operators can expect to generate good full cycle returns by making use of the well-established infrastructure network. Due to higher levels of maturation, the Sab’atayn Basin is more gas-prone than the neighbouring Say’un – Al Masila Basin, although with the Yemen LNG project under force majeure there are no real opportunities for commercialising gas discoveries. We have therefore not included gas volumes in our Outlook.


What's included?

This report includes 2 file(s)

  • Yemen Sab`atayn exploration basin PDF - 463.88 KB 16 Pages, 11 Tables, 14 Figures
  • Yemen Sabatayn.zip ZIP - 2.36 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
    • Price assumptions
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Geology
    • Key play characteristics
  • Exploration
  • Reserves and resources
    • Play creaming curve and key play data
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal Terms
  • Economic analysis
    • Prospect economics - Late Jurassic-Cretaceous

In this report there are 25 tables or charts, including:

  • Key facts
    • Key facts: Table 1
    • Assumptions
    • Key facts: Table 3
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Commerciality index
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Geology: Table 1
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rate
  • Reserves and resources
    • Top discoveries (TYP period)
    • Late Jurassic/Cretaceous
    • Key play data
  • Development
    • Development: Table 1
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation, spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Expected monetary value
    • Full-cycle economic analysis
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