Company Report
Shell oil and gas exploration summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Shell’s strategy remains focused on embracing the energy transition, with upstream oil and gas funding the transformation of the company’s portfolio. No matter how the transition unfolds over the next decade, upstream will remain core: Shell plans to sustain investment and production for at least the next decade. It has re-engineered its traditional oil and gas businesses to withstand supply-demand disruption and price volatility.
Table of contents
- Exploration strategy
- Results summary
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Current portfolio and exploration outlook
- Emerging and frontier acreage
- Heartland Acreage
- Portfolio optimisation
- Production and potential cost of production
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Value creation
- Deepwater GoA (GoM) accounts for two thirds of Shell’s development value across the decade
- Lower cost exploration in Oman helps deliver significant value
- Near-field exploration continues to deliver value globally
Tables and charts
This report includes the following images and tables:
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Shell's current acreage - top 15 countries (in km2)Production from new field discoveries, and as a proportion of all future productionFinding and development costs for added resources
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Full-cycle economicsTop 10 conventional discoveries by development value (2015-2024)Net exploration and appraisal wells by countryExploration & appraisal spend and reinvestmentExploration success ratesLargest 10 conventional discoveries (net, 2015 to 2024)Volumes discovered by yearVolumes discovered by water depthVolumes discovered by country
- 5 more item(s)...
What's included
This report contains:
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