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15 Pages

ONGC oil and gas exploration summary


ONGC oil and gas exploration summary

Report summary

ONGC’s vision is to transform itself into a world-class, fully integrated multinational company. The company has struggled in recent years with the challenges of growing a portfolio dominated by mature domestic, legacy assets. Its approach to international expansion has lacked both focus and scale, and has seen ONGC lose ground to its Chinese peers. International exploration has yet to deliver material commercial discoveries and growth has typically relied on acquisitions.  Despite the oil price crash in 2015, ONGC continues to pursue growth options. In contrast to many of its peers, the company has maintained spending and is seeking new international growth opportunities in the M&A market.

What's included?

This report includes 2 file(s)

  • ONGC oil and gas exploration summary PDF - 583.92 KB 15 Pages, 5 Tables, 20 Figures
  • ONGC.xls XLS - 605.50 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
    • Exploration strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
  • Production
  • Valuation
    • Growth of deepwater India
    • Sudan as the value creation driver
    • International exploration has disappointed

In this report there are 25 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • 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 conventional exploration & appraisal by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Top 40 discoveries (2006 to 2015)
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
    • Volumes discovered by country - excluding India
    • Volumes discovered by basin - excluding India
  • Production
    • Production from new field discoveries, organic unconventionals and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year
    • Exploration returns by year
    • Costs and development value by reserve category
    • Returns by water depth
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