Asset report
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21 Pages

Howarime Contract Area (Block 32)

Howarime Contract Area (Block 32)

Report summary

The Howarime Contract Area is located in the Say'un Al Masila Basin in east Yemen. The block lies to the north of the prolific Masila contract area and shares many of its geological characteristics. The Tasour field came onstream in 2000. After reaching a peak production of 18,000 b/d in 2004 it entered into decline. Operations were suspended in March 2015 and the operator declared forece majeure, due to the escalation of hostilities in Yemen.

What's included?

This report includes 2 file(s)

  • Howarime Contract Area (Block 32) PDF - 635.84 KB 21 Pages, 16 Tables, 6 Figures
  • Howarime Contract Area (Block 32) XLS - 752.00 KB


Lower oil prices and a call for increased returns from shareholders has caused a subtle shift to occur in the upstream oil and gas industry. This shift is increasing investment opportunities and driving capital discipline.

In this Upstream Oil and Gas Field report you'll find information about participation, exploration, geology, reserves, production, infrastructure, cost, economics and much more.

For potential investors, governments and companies in the oil and gas sector, this report provides an understanding of critical issues at the field level. It will help give you a commercial view of the field and recognise potential benefits and risks.

Wood Mackenzie has over 40 years of experience in commercial analysis and field valuations. Our analysts produce forward-looking analyses, backed by our robust proprietary database of trusted research.

Covering more than 105 countries, we are the recognised gold standard in commercial data and analysis.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
      • Issues common to the Masila Fields, Central Yemen
      • Issues specific to Howarime Contract Area (Block 32)
  • Location maps
  • Participation
    • Original participants
    • Participation changes
    • Paying-interest participation
    • State-carried interest
  • Geology
    • Regional tectonic setting
    • Source rocks
    • Field structure
    • Reservoirs
    • Reservoir and fluid quality
  • Well data
  • Exploration
    • Tasour discovery
    • Further exploration
    • Godah discovery and appraisal
    • Recent exploration
  • Reserves and resources
  • Production
  • Development
    • Tasour
    • Godah field development
    • Central processing facility
  • Infrastructure
  • Costs
    • Exploration costs
    • Capital costs
      • Tasour
      • Godah
    • Operating costs
  • Fiscal and regulatory
    • Amended terms
    • Royalty
    • Cost Oil
    • Profit Oil
    • Income Tax
    • Bonuses
      • Production Bonuses
      • Other Bonuses
  • Economic assumptions
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

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

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Index Map
    • Howarime (Block 32) Map
  • Participation
    • Participation: Table 1
    • Participation: Table 2
  • Geology
  • Well data
    • Well data: Table 1
  • Exploration
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production Profile
  • Development
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
  • Fiscal and regulatory
    • Fiscal and regulatory: Table 1
    • Fiscal and regulatory: Table 2
    • Fiscal and regulatory: Table 3
  • Economic assumptions
  • Economic analysis
    • Cash Flow
    • Economic analysis: Table 2
    • Economic analysis: Table 3
    • Split of Revenues
    • Cumulative Net Cash Flow - Undiscounted
    • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2017
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