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15 Pages

Lundin Petroleum oil and gas exploration summary


Lundin Petroleum oil and gas exploration summary

Report summary

Lundin Petroleum is an independent Swedish oil and gas E&P company, focused on two core regions: Europe and Southeast Asia. The company aims to create stakeholder value through organically growing the resource base via exploration, development, and unlocking value through selective divestment. Lundin has successfully exploited a niche in conventional exploration, targeting proven and generally mature E&P provinces with an aggressive but focused campaign. The company's exploration strategy has successfully targeted conventional oil-led opportunities in basins with open access, material scale of undiscovered resource and favourable tax regimes. The discovery of the giant Johan Sverdrup field in 2010 has been transformational, building on the success of the large 2007 Edvard Grieg discovery in the maturing Norwegian North Sea. 

What's included?

This report includes 2 file(s)

  • Lundin Petroleum oil and gas exploration summary PDF - 473.59 KB 15 Pages, 5 Tables, 18 Figures
  • Lundin Petroleum.xls XLS - 538.00 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
  • Production
  • Valuation
    • Johan Sverdrup: a transformational asset
    • Exploration performance dominated by Norway
    • Exceptional underlying reserve replacement
    • Southeast Asia - delivering small but steady results

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

  • Executive summary
    • Basins drilled and all conventional & unconventional 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 (2006 to 2015)
    • Volumes discovered by year
    • 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
    • Exploration returns by year
    • Costs and development vlaue by resource category
    • Returns by water depth
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