Petrobras oil and gas exploration summary
Get this report
$1,300
You can pay by card or invoice
Report summary
Super-giant pre-salt discoveries in Brazil's deepwater Santos Basin underpin Petrobras' exploration success and a give it a peer-leading growth outlook. As a result, international activities have been de-emphasised as resources are focused domestically. The development of the pre-salt resource to date has been impressive, but the company's deepwater ambitions are unprecedented in scale, and project delay and cost overruns are key downside risks. Petrobras has an unmatched acreage position with major exposure to the massive potential in the established Santos and Campos basins, plus emerging and frontier basins along Brazil's Atlantic and Equatorial margins. The company is increasingly partnering with IOCs and its abundance of opportunity requires careful portfolio management. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.
Table of contents
- Executive summary
-
Strategy
- Upstream strategy
- Exploration outlook
- Other Petrobras research
- Evolution of exploration strategy
- Investment and costs
-
Exploration
- Well data
-
Reserves and resources
- Scope of this report
- Production
-
Valuation
- High investment rate led to spectacular results, but has now dropped dramatically
- Domestic exploration has been the key driver of Petrobras' out-performance
- Limited success leveraging deepwater expertise internationally
- Pulling back from the wider Latin America region
Tables and charts
This report includes 23 images and tables including:
- Basins drilled and all conventional & organic unconventional discoveries 2008-2017
- Executive summary: Table 1
- Exploration & appraisal spend and reinvestment
- Exploration & appraisal spend by water depth
- Exploration & appraisal spend by basin maturity
- Discovery costs by water depth
- Production: Image 1
- Full-cycle economics
- SWOT grid
- Net active exploration acreage by water depth
- Net active conventional acreage by country
- Exploration: Table 1
- Exploration wells drilled and spend per well
- Exploration success rates
- Top 40 discoveries (2008 to 2017)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Full cycle value creation by year
- Exploration returns by year, with uncons
- Costs and development value by resource category
- Exploration returns by water depth
What's included
This report contains:
Other reports you may be interested in
05 October 2016
Freeport-McMoRan oil and gas exploration summary
Freeport-McMoRan oil and gas exploration summary
Freeport-McMoRan moves to exit the oil and gas with sale of Gulf of Mexico assets to Anadarko Petroleum, after acquiring the assets in 2013.
$1,30013 November 2017
Maersk Oil & Gas oil and gas exploration summary
Maersk Oil & Gas oil and gas exploration summary
Maersk has focused its portfolio on plays in the North Sea and Kenya, but these must now compete against Total's diverse opportunity set.
$1,30026 October 2018
PTTEP oil and gas exploration summary
PTTEP oil and gas exploration summary
Limited new resource add from recent exploration has seen PTTEP cut back exploration spend and turn more to M&A as a vehicle for growth.
$1,300
