Which deepwater plays are still attractive?

Where are deepwater’s sweet spots located, and what are their key characteristics?

With the downturn lasting longer than most expected, explorers and developers alike are directing their scarce capital towards deepwater's sweet spots. As a result, the geography has narrowed. In the three years before the downturn, there were 23 countries with more than five deepwater wildcats completed. Since the start of 2015, only nine countries — those with the lowest breakeven prices and easiest commercialisation — have reached this mark.

In this report we explore:

  • The location of deepwater sweet spots
  • Key subsurface characteristics of deepwater sweet spots
  • Breakeven prices of deepwater developments
  • Deepwater yet-to-find potential
  • Most valuable deepwater opportunities