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18 Pages

Egypt 2016 EGPC licensing round launch


Egypt 2016 EGPC licensing round launch

Report summary

Egypt is offering eleven blocks in the Western Desert and Gulf of Suez, two of the most well developed basins in the region. The licensing round closes on 31 August 2016 with awards expected to be made in early 2017. Blocks will be awarded as production sharing contracts with 13 biddable parameters. Cost recovery ceiling, excess cost recovery share and profit share will primarily dictate government share.

Onshore Egypt remains attractive for exploration with low finding and development costs. The Western Desert in particular has seen high success rates in recent years, with discoveries quickly tied in to the existing pipeline network. Egypt is a net importer of oil and gas, and any new discoveries will help to meet rising demand. However, key concerns for potential bidders will be Egypt’s long-term ability to pay for profit oil and gas, given the country’s ongoing scarcity of US dollars, and the low price offered for onshore gas.

What's included?

This report includes 2 file(s)

  • Egypt 2016 EGPC licensing round launch PDF - 678.98 KB 18 Pages, 7 Tables, 15 Figures
  • EGPC 2016 bidround data.xls XLS - 666.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

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  • Executive summary
  • Acreage on offer
  • Terms and conditions
    • Timeline
    • Data
    • Evaluation process
  • Prospectivity analysis
    • Western Desert
    • Gulf of Suez
  • Economic analysis
    • Fiscal regime
      • Cost recovery and excess cost recovery
      • Profit share
    • Market and infrastructure
      • Oil Infrastructure
      • Gas Infrastructure
    • Liquid rich blocks will be the focus, but tough terms may be a hindrance
  • Round expectations
  • Appendix
    • Development assumptions
    • Fiscal terms assumptions
    • Price assumptions
    • Fiscal sensitivity – Government share

In this report there are 22 tables or charts, including:

  • Executive summary
    • Criteria for success
  • Acreage on offer
    • Six blocks on offer in the Western Desert
    • Five blocks on offer in the Gulf of Suez
    • Summary of offered acreage
  • Terms and conditions
    • Timeline
    • Western Desert - data package price
    • Gulf of Suez - data package price
    • Commercial biddable parameters
  • Prospectivity analysis
    • Creaming curve
    • Discoveries and success rates
  • Economic analysis
    • Effective royalty rate - 2013 terms
    • Potential 5 mmbbl discovery - IRR
    • Potential 20 mmbbl discovery - IRR
    • Egypt 2016 EGPC licensing round launch: Table 4
    • Contractor profit share (oil) – Effective rate
    • Government share - progressivity
    • Government share – fiscal sensitivities
    • Fiscal benchmarking
  • Round expectations
    • EGPC bid rounds - blocks and awards
  • Appendix
    • Egypt 2016 EGPC licensing round launch: Table 5
    • Egypt 2016 EGPC licensing round launch: Table 6
    • Egypt 2016 EGPC licensing round launch: Table 7
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