Insight
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5 Pages

Global exploration: what to look for in 2015


Global exploration: what to look for in 2015

Report summary

Exploration spending will be cut by at least 30%, as discretionary E&A drilling is deferred or dropped. Most explorers will focus on lower-risk heartland basins. Companies will try to spend nothing now whilst retaining acreage where they can. Farm-in opportunities will abound, but selectivity is key. Licensing authorities will be under pressure to improve the attractiveness of terms on offer or to defer upcoming rounds.

What's included?

This report includes 1 file(s)

  • Global exploration: what to look for in 2015 PDF - 422.03 KB 5 Pages, 1 Tables, 1 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
  • Spending cuts of 30% and more
    • High-cost drilling (mostly) deferred in favour of lower-cost, lower-risk options
    • Licences will be extended where possible, relinquished if marginal
    • Opportunities abound for selective, niche farm-ins
  • Licence rounds enter new competitive era
    • Timing of rounds becomes uncertain
    • Easing of terms
  • Bright spots in 2015

In this report there are 2 tables or charts, including:

  • Executive Summary
  • Spending cuts of 30% and more
    • Exploration budgets of select companies
  • Licence rounds enter new competitive era
  • Bright spots in 2015
    • Map of select licensing rounds and frontier drilling to watch
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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