B-
62
Negative
The Basin remains active, and new entrants are vying for acreage, but the Outlook is Negative due to the regulatory headwinds in both countries.
August 1, 2023
Asia - South West
Onshore & Offshore
Gas
The Basin dates from the late Cretaceous to Holocene with thick sedimentary fill ranging from 1 to 5km thick. While the basin has been widely explored, there remains some question over some of the structural elements, most notably whether a Mesozoic synrift sequences (as indicated by the recently acquired seismic data), are a dominating feature when considering oil & gas exploration.
While the Basin has been developed, there remains considerable prospectivity. Initial discoveries were made in Miocene limestone reservoirs, subsequent discoveries have demonstrated the viability of alternative play concepts.
Source: ESRI, BGS, USGS & OGA data
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