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The Say'un – Al Masila Basin is located in the centre of Yemen. Early exploration focused on shallower Cretaceous reservoirs, now considered to be mature – in the last decade, just 85 mmboe of new resource was found. Recently wells have been extended down to test the potential of the Basement, and as all future wells are expected to be drilled to the Basement, we analyse the basin as a single exploration opportunity. The basin has a well-established infrastructure network. This allows for many developments to be rapidly brought onstream, with minimal upfront expenditure, and should underpin good value creation and rates of return in the basin in future. However the deteriorating political and civil situation in Yemen since 2014 has effectively brought any new licence awards or exploration work to a halt, and we expect exploration activity in the country to be suspended for several years. This reduced exploration activity restricts the yet-to-find potential in the basin.
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This report includes 2 file(s)
Yemen Say `un Al - Masila exploration basin PDF - 460.50 KB 15 Pages, 11 Tables, 14 Figures
Yemen Sayun - Al Masila.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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
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Asset report | Mar 2016
Yemen Say `un - Al Masila exploration basin
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