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18 Pages

Eni oil and gas exploration summary


Eni oil and gas exploration summary

Report summary

Eni’s outstanding exploration success over the past decade has differentiated the company from the rest of the Majors. Its exploration performance is characterised by a very high success rate, averaging 50% across the decade, with commercial success rates above one well in four. Through this success, Eni has created value through exploration in the last five years, the only major to achieve this. World-class exploration in Mozambique and West Africa has strengthened its prospects for long-term production growth and reserve replacement. The giant 2015 Zohr discovery in Egypt reinforced this already strong position.


What's included?

This report includes 2 file(s)

  • Eni oil and gas exploration summary PDF - 533.54 KB 18 Pages, 5 Tables, 18 Figures
  • Eni.xls XLS - 652.00 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 and exploration outlook
    • Evolution of the exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
  • Production
  • Valuation
    • Mozambique has delivered excellent volumes and value
    • Game changing Zohr gas discovery in Egypt
    • West Africa delivers consistent performance
    • A global deepwater presence
    • World-class discovery in Venezuela
    • Volatility in core legacy producing area
    • European shift to higher value opportunities

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

  • Executive summary
    • Basins drilled and major discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • SWOT Grid
    • Net active exploration acreage by water depth
    • Net active exploration 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
    • Top 40 discoveries (2006 to 2015)
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production from new field discoveries and unconventionals
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year (conventional only)
    • Exploration returns by year (conventional only)
    • Value creation by reserve category
    • Value creation by water depth
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