Insight

New blocks and new rigs explorers crank up deepwater spend

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image

Report summary

Investment in conventional exploration will increase by US$8 billion, to around US$93 billion in 2013. This is a continuation of a trend that started in 2005, and which will be maintained for at least the next three years, as new high-specification units are added to the deepwater rig count. As a result, we expect that: Constraints on deepwater drilling will ease and the global level of exploration spend will rise, possibly by up to 10% per year Companies will increasingly,

What's included

This report contains

  • Document

    New blocks and new rigs explorers crank up deepwater spend.xls

    XLS 107.00 KB

  • Document

    New blocks and new rigs explorers crank up deepwater spend

    PDF 547.74 KB

  • Document

    New blocks and new rigs explorers crank up deepwater spend

    ZIP 388.92 KB

Table of contents

  • Executive summary
  • Boom in deepwater drilling enabled by rig supply
    • Brazil's Round 11 - world-class potential in the Equatorial Margin
    • Suriname's Guyana Basin - Equatorial Margin oil
    • Myanmar Offshore - giant gas for regional markets
    • A first for Lebanon - potential for LNG-sized gas
  • New rigs and many opportunities

Tables and charts

This report includes 7 images and tables including:

Images

  • Global conventional E&A expenditure (US$ billion)
  • Announced 2013 vs 2012 E&A spending plans
  • Number of global deepwater wells by well type
  • Cumulative number of newbuild MODUs
  • Offshore frontier acreage licensed since 2009 compared to deepwater Gulf of Mexico licensed acreage
  • 2013 frontier licensing rounds and key drilling
  • Equatorial Margin acreage offered in Brazil's Round 11

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898