Name: How specialist explorers in US GoM outperform
Brand: Wood Mackenzie
SKU: 161686
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Author: Wood Mackenzie

Insight 22 December 2023

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Small, specialist independents have outperformed other US GoM companies on almost all exploration metrics. These companies have targeted different plays from the bigger explorers. They have achieved world-class success rates and commerciality metrics. Their value creation and full-cycle rates of return are outstanding. And they have achieved this through both high and low price cycles with a laser focus on how to commercialise prospects, even before they are drilled.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive Summary
    </li>

<li class="list__item-toggle font-semibold">
        Peer group of explorers
    </li>

<li class="list__item-toggle font-semibold">
        Exploration performance surpasses larger GoM explorers
    </li>

<li class="list__item-toggle font-semibold">
        Common strategies that have led to this success
    </li>

<li class="list__item-toggle">
        <a href="#4bced0e2-dffe-4349-81a6-04c610b98378" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="4bced0e2-dffe-4349-81a6-04c610b98378" aria-expanded="false">
            Business model enablers
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        <ul id="4bced0e2-dffe-4349-81a6-04c610b98378" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Space for new entrants?
    </li>

</ul>
    </li>

<li class="list__item-toggle font-semibold">
        Diverging strategies
    </li>

<li class="list__item-toggle font-semibold">
        What does the future hold for GoM's small explorers?
    </li>

<li class="list__item-toggle font-semibold">
        Where else in the world is this model possible?
    </li>

</ul>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Specialist GoM explorers peer group</li><li class="list__item push-quarter--bottom">Average discovery size by peer group</li><li class="list__item push-quarter--bottom">Success rates by peer group</li>
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        <ul class="list list--bullets panel-toggle" id="c34ff6032b044325ba27e84fbdd687a9">
            <li class="list__item push-quarter--bottom">Volume per exploration well by peer group</li><li class="list__item push-quarter--bottom">Discovery costs by peer group</li><li class="list__item push-quarter--bottom">Lead times by peer group</li><li class="list__item push-quarter--bottom">Full-cycle IRR by peer group</li><li class="list__item push-quarter--bottom">Spend per exploration well by peer group</li><li class="list__item push-quarter--bottom">Value creation by peer group</li>
        </ul>
        
    </div>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >How Specialist Explorers In US Gom Outperform.xlsx</p>
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<p class="font-regular" >How specialist explorers in US GoM outperform</p>
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