Company Report
Shell oil and gas exploration summary
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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 cash flows for at least the next decade, simplifying and high grading the portfolio along the way. 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
- Current portfolio and exploration outlook
- Production and potential cost of production
-
Value creation
- Namibia success creates significant upside
- Deepwater GoM continues to drive value creation
- Valuable near-field exploration
Tables and charts
This report includes 17 images and tables including:
- Shell's current acreage - top 15 countries (in km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2013 to 2022)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries, and as a proportion of all future production
- Finding and development costs for added resources
- Full-cycle economics
- Top 10 conventional discoveries by development value (2013-2022)
- Conventional value and spend by country
- Exploration returns by water depth
- Conventional value creation
- Exploration returns by year
What's included
This report contains:
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