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14 Pages

Husky Energy oil and gas exploration summary


Husky Energy oil and gas exploration summary

Report summary

Husky's strategy has remained consistent over the last decade, and its upstream foundation remains Western Canadian heavy oil. The company is offsetting decline and rejuvenating its legacy assets by using enhanced production techniques as well as incorporating new unconventional plays. Numerous conventional discoveries in recent years in Asia and Canada have provided a full-cycle return of 8%, although there is upside to this figure from promising discoveries in Canada's deepwater Flemish Pass. Husky's large and diversified portfolio of onshore heavy oil, conventional oil sands and offshore projects enable the company to maintain a focused exploration programme that complements its existing portfolio of growth opportunities.

What's included?

This report includes 2 file(s)

  • Husky Energy oil and gas exploration summary PDF - 630.45 KB 14 Pages, 6 Tables, 18 Figures
  • Husky.xls XLS - 584.00 KB

Description

Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.

Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.

Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.

  • Executive summary
  • Strategy
    • Upstream strategy
    • Exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Resource additions for two types of asset are tabulated below - conventional new field discoveries and organic unconventional plays.
      • Key organic unconventional plays
  • Production
  • Valuation
    • Deepwater frontiers opened from a shallow water base
      • China's flagship gas project
      • Flemish Pass - a new hub in a legacy area?
    • Upside from Indonesian gas
    • Large resource potential in Canadian unconventionals

In this report there are 24 tables or charts, including:

  • Executive summary
    • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • SWOT grid
    • Net active exploration acreage by water depth
    • Net active conventional acreage by country
  • Investment and costs
    • Exploration & appraisal spend and reinvestment
    • Exploration & appraisal spend by water depth
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Exploration
    • Gross conventional exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Top discoveries (2006 to 2015)
    • Reserves and resources: Table 2
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year, with uncons
    • Full cycle value creation by year, with uncons
    • Value creation by reserve category
    • Value creation by water depth
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