Company report
| |
19 Pages

Anadarko oil and gas exploration summary

Anadarko oil and gas exploration summary

Report summary

Anadarko's exploration performance has weathered the price downturn better than most, maintaining double-digit returns in both conventional and unconventional exploration. Exploration-led growth remains core within its diversified strategy, and the company's deepwater exploration credentials are a key differentiator. It has a world-class deepwater portfolio with high-impact acreage in the US Gulf of Mexico, East and West Africa, supplemented by select frontier opportunities elsewhere. The focus has shifted to lower-risk incremental opportunities and new test areas have been added, potentially impacting long-term growth. Unconventionals are increasingly important, in particular key liquids-rich plays, including the Niobrara and Wolfcamp, where production will grow. Positions in the Eagle Ford and the gas-prone plays in the Marcellus and Haynesville are looking increasingly peripheral.

What's included?

This report includes 2 file(s)

  • Anadarko oil and gas exploration summary PDF - 634.96 KB 19 Pages, 6 Tables, 18 Figures
  • Anadarko.xls XLS - 617.50 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
    • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
  • Strategy
    • Upstream strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Resource additions for two types of asset are tabulated below - conventional new field discoveries and organic unconventional plays.
  • Production
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Valuation
    • High-impact strategy in core deepwater regions pays off
    • Leader in unconventional liquid-rich plays
    • High value Marcellus shale position
    • Range of plays provides diversity in deepwater US Gulf of Mexico
    • Early-mover advantage in the West African Transform Margin
    • Spectacular East African success brings LNG potential to the portfolio
    • Brazilian acquisition bears fruit through pre-salt success
    • Limited value creation from conventional onshore exploration
    • Non-core areas rationalised

In this report there are 24 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Ten year performance summary
  • Strategy
    • SWOT grid
    • Net active exploration acreage by water depth
    • Net active conventional 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
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production: Image 1
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year, including unconventionals
    • Exploration returns by year, including unconventionals
    • Costs and development value by reserve category
    • Exploration returns water depth
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...