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15 Pages

Yemen Say `un - Al Masila exploration basin


Yemen Say `un - Al Masila exploration basin

Report summary

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.

What's included?

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.

  • Key facts
  • 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
      • Basement to Cretaceous
  • Costs
    • Summary of discovery and development costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • Full cycle basin economics

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

  • Key facts
    • Key play data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Summary and key issues: Image 2
    • 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 rates
  • Reserves and resources
    • Top discoveries (TYP period)
    • Basement to Cretaceous
    • Key play data
  • Development
    • Development: Table 1
  • Costs
    • Costs: Table 1
    • 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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