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13 Pages

Premier oil and gas exploration summary

Premier oil and gas exploration summary

Report summary

Premier's growth strategy has been much more M&A-led than many of its peers, but it shifted its exploration focus in the second half of the decade of our study period by adding higher-impact opportunities. The company extended its portfolio outside of it's legacy Southeast Asia position to gain a better balance of mature and emerging opportunities. It has added acreage across its portfolio through both M&A and licensing rounds; in South America, Falklands/Malvinas (2012), Brazil (2013) and Mexico (2015) before building on its core legacy position in the UK North Sea (2016). This provides a combination of near-field and higher-impact opportunities where capital discipline will be required to test only the best prospects in this low oil price environment.

What's included?

This report includes 2 file(s)

  • Premier oil and gas exploration summary PDF - 488.87 KB 13 Pages, 7 Tables, 18 Figures
  • Premier.xls XLS - 709.50 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 strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Resource additions for conventional new field discoveries are tabulated below. Premier has not added any organic unconventional plays during the decade.
  • Production
  • Valuation
    • Greater success in Southeast Asia
    • Greater Catcher Area drives North Sea performance
    • Emergence of Latin American exploration portfolio
    • African campaigns disappoint

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

  • Executive summary
    • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • SWOT Grid
    • Strategy: Image 1
    • Net active conventional acreage by country
  • Investment and costs
    • Investment and costs: Table 1
    • Investment and costs: Table 2
    • Investment and costs: Image 1
    • Investment and costs: Image 2
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Exploration
    • Gross conventional exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • All 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, organic unconventionals and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Valuation: Image 1
    • Valuation: Image 2
    • Valuation: Image 3
    • Returns by water depth
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