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Equinor oil and gas exploration summary

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05 August 2019

Equinor oil and gas exploration summary

Report summary

Statoil’s 2018 name change to Equinor was a highly symbolic reinforcement of the company’s strategic vision to become a broad energy business, with Norway at its core. The rebrand underlines its shift towards new energy and low carbon but does not mean an end to upstream oil and gas. This remains core to the rebranded business, with future exploration an essential part of discovering new energy resources. Equinor has stated its ambition to be “a leading explorer delivering profitable, high-quality resources” to help it remain competitive in a lower carbon future.

Table of contents

  • Upstream strategy
    • SWOT Grid
  • Evolution of exploration strategy
  • Well data
  • Securing long term growth through exploration
  • Successful returns as the Norwegian master
  • North America key growth area - unconventionals
    • Tanzania
    • Brazil
    • Canada (East Coast)
    • Gulf of Mexico
    • Angola

Tables and charts

This report includes 21 images and tables including:

  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Gross conventional exploration and appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rate
  • Top 40 discoveries (2009 to 2018)
  • Key organic unconventional plays
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries, organic unconventionals and as a proportion of all future production
  • Full-cycle economics
  • 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

What's included

This report contains:

  • Document

    Equinor oil and gas exploration summary 2009-2018.xlsx

    XLSX 321.88 KB

  • Document

    Equinor oil and gas exploration summary

    PDF 974.74 KB

  • Document

    Equinor oil and gas exploration summary

    ZIP 1.15 MB

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