Oman Rub al Khali exploration basin Report

Asset Report 31 December 2020

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Report summary

Exploration in Oman's Rub al Khali Basin over the last ten years has delivered excellent full-cycle returns. Key oil and gas-bearing plays are the Precambrian to Cretaceous oil play, and a Paleozoic tight gas play. Returns were driven by the relatively high levels of oil, and by the relatively low levels of sub-commercial discoveries in the mix. The future outlook for exploration also looks positive, with prospective resources into the billions of barrels of oil equivalent for both oil and gas. Oil finds can be quickly and cheaply tied into existing infrastructure, but gas prices will need to be negotiated up in order for explorers to create value from the gas play.

Key issues include:
Wells drilled
Basin success rates
Volumes discovered
- Top discoveries (TYP period)
Prospective resource potential
Play inputs
- Creaming curve and key play data
- Model field pool size distribution
- Existing discoveries and modelled prospective resource pool size distribution
Prospective resource costs and underlying development assumptions
- Recent Discovery Costs
- Summary of discovery and development costs
Licensing
Fiscal terms
Oil and gas prices
TYP economics
5 more item(s)...