Company Report

Apache oil and gas exploration summary

From

$1,300.00

You can pay by card or invoice

From

$1,300.00

You can pay by card or invoice

Get this Company Report as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

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.

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

Table of contents

  • Executive summary
  • 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:

Tables

  • Ten year performance summary
  • Top 40 discoveries (2007 to 2016)
  • Key organic unconventional plays
  • Full-cycle economics
  • Gross exploration & appraisal wells by basin and sector
  • Strategy: Table 1

Images

  • Basins drilled and major discoveries 2007-2016
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • 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

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898