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14 Pages

Maersk Oil & Gas oil and gas exploration summary

Maersk Oil & Gas oil and gas exploration summary

Report summary

Maersk's exploration strategy has traditionally been to target basins with material long-term potential, thereby adding acreage in new countries over the past decade. Maersk will now alter its current strategy to focus its portfolio in fewer geographies. It will prioritise activity at key projects in the North Sea and keep exploration activities and expenses at a minimum while strengthening its portfolio through acquisitions or mergers.

What's included?

This report includes 2 file(s)

  • Maersk Oil & Gas oil and gas exploration summary PDF - 506.76 KB 14 Pages, 5 Tables, 18 Figures
  • Maersk Oil & Gas.xls XLS - 557.00 KB


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
    • UK dominated exploration but with dwindling returns
    • Deepwater potential remains
    • Decreasing returns from Maersk's core legacy areas

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

  • Executive summary
    • Basins drilled and all conventional and 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 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 and unconventionals
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year
    • Exploration returns by year
    • Value creation by reserve category
    • Value creation by water depth
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