Company report
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15 Pages

DEA oil and gas exploration summary


DEA oil and gas exploration summary

Report summary

In March 2014, RWE AG agreed to sell its upstream exploration and production portion of the group to LetterOne (L1). The deal valued the upstream business unit at US$7.1 billion and concluded in early 2015, and is now known simply as DEA. The company's exploration strategy includes a mix of near field drilling and frontier activity. In Europe, the company targets areas with existing infrastructure in Norway, onshore Germany, and Denmark. It aggressively built it's portfolio in Norway through 2006-2015, giving it a large inventory of prospects to target, both in the mature sectors of the North Sea and the more frontier Mid-Norway and Barents Sea plays. Its priority in the region is to bring new discoveries onstream quickly.


What's included?

This report includes 2 file(s)

  • DEA oil and gas exploration summary PDF - 500.72 KB 15 Pages, 5 Tables, 18 Figures
  • DEA.xls XLS - 558.50 KB

Description

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
    • Exploration strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
  • Production
  • Valuation
    • Egypt drives value creation and discovered resources
    • Libya delivers big resources but marginal returns
    • Norway is being established as a core area
    • Value destruction from domestic E&A activities

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

  • Executive summary
    • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • Swot Grid
    • Strategy: Image 1
    • Strategy: Image 2
  • 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
    • All discoveries (2006 to 2015)
    • Reserves and resources: Image 1
    • Reserves and resources: Image 2
    • Reserves and resources: Image 3
    • Reserves and resources: Image 4
  • Production
    • Production from new field discoveries, organic unconventionals and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year
    • Exploration returns by year
    • Costs and development value by reserve category
    • Returns by water depth
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