Company report
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14 Pages

PTTEP oil and gas exploration summary


PTTEP oil and gas exploration summary

Report summary

After initially focusing on domestic exploration, PTTEP turned to international growth to strengthen its portfolio in the face of a maturing domestic asset base. The company built positions in its regional heartland of SE Asia through licence awards, before moving further into the international arena with awards in Algeria and Oman. Subsequently M&A has added positions in Australia, Canada, Mozambique and Brazil, and PTTEP has discovered 0.9 billion boe of new resource over the last decade. However, drilling over the last two years has failed to deliver new commercial reserves. One of PTTEP's responses to the fall in oil prices has seen future exploration spend reduced to very low levels, with the company instead looking at activity that will reset the growth trajectory quicker than through the drill-bit. What little exploration PTTEP undertakes in the near term will be focused on its core domestic hubs, together with international drilling in a limited number of countries.

What's included?

This report includes 2 file(s)

  • PTTEP oil and gas exploration summary PDF - 513.46 KB 14 Pages, 5 Tables, 18 Figures
  • PTTEP.xls XLS - 572.00 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
    • Ten year performance summary
  • Strategy
    • Upstream strategy
    • Exploration outlook
      • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
  • Valuation
    • Domestic E&P remains core
    • Success in neighbouring southeast Asian sectors
    • Mozambique gas reserves firmed up

In this report there are 23 tables or charts, including:

  • Executive summary
    • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
    • Executive summary: Table 1
  • 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 exploration & appraisal wells 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
  • Production
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year, with uncons
    • Exploration returns by year, with uncons
    • Costs and development value by reserve category
    • Exploration returns by water depth
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