Company Report
BHP oil and gas exploration summary
This report is currently unavailable
Report summary
At the time of writing, Woodside had confirmed that it had entered into a binding deal to acquire BHP Petroleum. It will create the largest Australia-listed E&P, with a combined market capitalisation of around US$30 billion, surpassing that of the combined local rival Santos and Oil Search. The deal creates a new international 'super independent' which is well equipped to deal with the uncertainty and upheaval of the next few decades. For BHP, the merger is transformation, diversifying away its deepwater oil operations. Adding Woodside’s long-life LNG assets creates a much bigger, and more balanced, business. Exposure to long-term LNG cashflows, with strong demand forecast, and supports customers decarbonisation goals.
Table of contents
- BHP Petroleum and Woodside agree merger
- Exploration results
- Current portfolio
- Production and potential cost of production
-
Value creation
- Trinidad and Tobago provided key discoveries and value
Tables and charts
This report includes 18 images and tables including:
- BHP's current acreage (top five countries in '000 km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2011 to 2020)
- Unconventional plays commercialised (2011-2020)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries and organic unconventionals, and as a proportion of all future production
- Discovery, development and operating costs for commercial and viable resources
- Full-cycle economics
- Conventional discoveries by development value (2011-2020)
- Conventional value and spend by country
- Exploration returns by water depth
- Conventional value creation
- Unconventional value creation
What's included
This report contains:
Other reports you may be interested in
Insight
Oil and gas exploration: 2023 in review
Positive value creation and double-digit returns despite lowest discovered volumes in last ten years.
$1,300
Country Report
Uzbekistan upstream summary slides
To complement our more detailed Uzbekistan upstream summary we provide a slide-pack of the key issues in Uzbekistan.
$1,700
Country Report
Trinidad and Tobago upstream summary slides
To complement our more detailed Trinidad and Tobago upstream summary we provide a slide-pack of the key issues in country.
$2,700
