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Exploration outperformance - sustainable or cyclical?


Exploration outperformance - sustainable or cyclical?

Report summary

A comparison of our latest ranking of company exploration performance with a similar analysis that we published back in 2005 reveals a remarkable absence of correlation.  Today's top explorers, by and large, are not the same as those of a decade earlier. Strong results generally reflect commanding acreage positions in key emerging plays.  Such plays may hold a few years' running room, but eventually mature, and the explorer needs to renew its basins of focus.  This imparts a fundamental...

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This report includes 1 file(s)

  • Exploration outperformance - sustainable or cyclical? PDF - 458.50 KB 5 Pages, 0 Tables, 3 Figures

Description

This Oil and Gas Exploration Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides accurate and in-depth analysis to help you navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

  • Executive summary
  • Whatever happened to the exploration class of 2005?
  • Sustaining outperformance is hard – how long can top explorers stay ahead?
  • Some reversion to the mean is inevitable for explorers
  • Exploration cyclicity can be balanced with other renewal options
  • Top explorers of the recent past are preparing their comeback

In this report there are 3 tables or charts, including:

  • Executive summary
  • Whatever happened to the exploration class of 2005?
    • Ten year performance ranking by IRR (1995-2004 versus 2003-2012)
  • Sustaining outperformance is hard – how long can top explorers stay ahead?
    • Cyclical exploration performance model
    • Exploration outperformance - sustainable or cyclical?: Image 3
  • Some reversion to the mean is inevitable for explorers
  • Exploration cyclicity can be balanced with other renewal options
  • Top explorers of the recent past are preparing their comeback
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