Insight
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7 Pages

Oil and gas exploration – doing more with less


Oil and gas exploration – doing more with less

Report summary

The exploration industry is challenged by rising technical complexity, higher costs and declining returns.  This presentation, delivered at the European Association of Geoscientists and Engineers (EAGE) 2014 conference Forum in Amsterdam, illustrates the problem and considers some areas where solutions may lie.

What's included?

This report includes 1 file(s)

  • Oil and gas exploration - doing more with less PDF - 662.52 KB 7 Pages, 0 Tables, 5 Figures

Description

This Oil and Gas Exploration Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides accurate and in-depth analysis to help you navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

  • The exploration and development industry is under stress
    • Framing the problem
  • The exploration industry’s stress is not a volume problem
    • Discovery trends measured in barrels continue to be encouraging
  • Explorers must drill to deeper targets and/or in deeper water
    • These new finds involve increasingly difficult technical challenges
  • Tough trends in exploration lead many to focus elsewhere
    • Unconventional plays are now the primary growth option for around half the industry
  • Complexity is increasing
    • Rising technical and commercial complexity has not been matched by higher prices
  • Where might solutions lie?
    • Scope for improvement from many diverse themes

In this report there are 5 tables or charts, including:

  • The exploration and development industry is under stress
    • Oil and gas exploration – doing more with less: Image 1
  • The exploration industry’s stress is not a volume problem
    • Oil and gas exploration – doing more with less: Image 2
  • Explorers must drill to deeper targets and/or in deeper water
    • Oil and gas exploration – doing more with less: Image 3
  • Tough trends in exploration lead many to focus elsewhere
    • Oil and gas exploration – doing more with less: Image 4
  • Complexity is increasing
    • Oil and gas exploration – doing more with less: Image 5
  • Where might solutions lie?
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