Insight
How specialist explorers in US GoM outperform
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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.
Table of contents
- Executive Summary
- Peer group of explorers
- Exploration performance surpasses larger GoM explorers
- Common strategies that have led to this success
-
Business model enablers
- Space for new entrants?
- Diverging strategies
- What does the future hold for GoM's small explorers?
- Where else in the world is this model possible?
Tables and charts
This report includes the following images and tables:
- Specialist GoM explorers peer group
- Average discovery size by peer group
- Success rates by peer group
- Volume per exploration well by peer group
- Discovery costs by peer group
- Lead times by peer group
- Full-cycle IRR by peer group
- Spend per exploration well by peer group
- Value creation by peer group
What's included
This report contains:
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