Company report
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14 Pages

INPEX Corporation oil and gas exploration summary


INPEX Corporation oil and gas exploration summary

Report summary

Gas, and LNG in particular, is at the heart of INPEX Corporation (INPEX). Its flagship Ichthys LNG project expects first LNG in late-2017. The project is expected to absorb nearly 70% (US$7 billion) of INPEX's total 2016/17 capital expenditure, hence successful execution is a top strategic priority. Historically, INPEX has been financially prudent, holding a significant amount of cash on its balance sheet. However, the price drop coincided with peak investment in Ichthys LNG and INPEX had limited scope to cut costs. Exploration, as one of the few items of discretionary spend in the budget, has been slashed as a consequence, with only 2.5% (US$155 million) of capital expenditure planned in the 2016/17 financial year allocated to exploration; a 15 year low.


What's included?

This report includes 2 file(s)

  • INPEX Corporation oil and gas exploration summary PDF - 527.05 KB 14 Pages, 5 Tables, 18 Figures
  • INPEX Corporation.xls XLS - 566.50 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 and exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
  • Valuation
    • Volume additions have been low
    • Declining value and returns
    • Turning a corner towards success in the deepwater sector

In this report there are 23 tables or charts, including:

  • Executive summary
    • Basins drilled and major discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • SWOT Grid
    • Net active exploration acreage by water depth
    • Net active exploration 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 exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Discoveries (2005 to 2014)
    • Reserves and resources: Image 1
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production from new field discoveries
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year (conventional only)
    • Exploration returns by year (conventional only)
    • Value creation by reserve category
    • Value creation by water depth
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