Company Report

Apache oil and gas exploration summary

Get this report

$1,300

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

30 November 2017

Apache oil and gas exploration summary

Report summary

Apache has historically operated as a mature asset specialist with a moderately risk-averse strategy. It used an "acquire, exploit and explore" model to drive growth, and generally pursued a cyclical approach to deal activity. Exploration and appraisal (E&A) activity has focused on assets acquired in 2010 in the US Gulf of Mexico and Egypt Western Desert. However in 2013, a new exploration leadership team re-focused on near-field exploration and unconventional resource plays. Apache has repositioned its portfolio to concentrate investment in advantaged, high returning, cash generative assets. It has built a sizeable position in the Permian, Mid-Continent and Gulf Coast basins and these provide a large drilling inventory.

Table of contents

  • Executive summary
    • Upstream strategy
    • Exploration outlook
      • SWOT Grid
    • Evolution of exploration strategy
  • Investment and costs
    • Well data
  • Reserves and resources
    • Production from new field discoveries and unconventionals
    • Acquire, exploit, explore strategy boosts exploration performance metrics
    • Egypt has been a key exploration province
    • Growth then retrenchment from LNG and Australia
    • Higher-impact strategy saw an increase in costs and limited commercial success
    • Increasing unconventionals for long-term sustainability

Tables and charts

This report includes 24 images and tables including:

  • Basins drilled and major discoveries 2007-2016
  • Ten year performance summary
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Top 40 discoveries (2007 to 2016)
  • Key organic unconventional plays
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Full-cycle economics
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Gross exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Production: Image 1
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by resource category
  • Exploration returns by water depth
  • Strategy: Table 1

What's included

This report contains:

  • Document

    Apache.xls

    XLS 662.50 KB

  • Document

    Apache oil and gas exploration summary

    PDF 673.92 KB

  • Document

    Apache oil and gas exploration summary

    ZIP 891.57 KB

Other reports you may be interested in

Browse reports by Industry Sector