Company report
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14 Pages

INPEX Corporation oil and gas exploration summary

INPEX Corporation oil and gas exploration summary

Report summary

Despite a reduction in budget, INPEX still views exploration-led growth as key to becoming an industry leading oil and gas company with > 1 million boe/d of production by the early 2020s. This ambitious production target was the catalyst for an increase in both exploration and M&A activity from 2011, focusing on core conventional areas (South East Asia and Oceania), expansion into high-impact frontier and emerging regions, and developing a footprint in unconventional resources.

To deliver this growth, it has adopted an active acreage capture strategy in high-impact frontier basins to strengthen its portfolio. But INPEX's recent performance has lagged behind that of its peers. A significant increase in spend in the deepwater sector has not yet yielded material commercial volumes, and it has failed to replace produced resources through exploration.

With its flagship Ichthys LNG development due onstream in 2017, near-term exploration success will be critical for securing growth.

What's included?

This report includes 2 file(s)

  • INPEX Corporation oil and gas exploration summary PDF - 525.62 KB 14 Pages, 5 Tables, 18 Figures
  • INPEX Corporation.xls XLS - 546.00 KB


Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.

Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.

Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.

  • Executive summary
  • Strategy
    • Upstream strategy and exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
  • Valuation
    • Volume additions have been low
    • Declining value and returns
    • Turning a corner towards success in the deepwater sector

In this report there are 23 tables or charts, including:

  • Executive summary
    • Basins drilled and major discoveries 2005-2014
    • Ten year performance summary
  • Strategy
    • Strategy: Table 1
    • Net active exploration acreage by water depth
    • Net active exploration acreage by country
  • Investment and costs
    • Exploration & appraisal spend and reinvestment
    • Exploration & appraisal spend by water depth
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Exploration
    • Gross exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Discoveries (2005 to 2014)
    • Reserves and resources: Image 1
    • Reserves and resources: Image 2
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production from new field discoveries
  • Valuation
    • Full-cycle economics
    • Valuation: Image 1
    • Valuation: Image 2
    • Value creation by reserve category
    • Value creation by water depth
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