Company Report
Shell oil and gas exploration summary
Report summary
Following completion of the BG acquisition in 2016, Shell is making good on its promises. It has disposed of US$30 billion and is continuing to streamline its assets. It is transitioning from a company emphasising volume growth to a company to “thrive in the energy transition” while delivering a “world class investment case”. This is as much apparent in its exploration strategy as in other growth options. The integration of BG allowed Shell to rationalise the combined acreage and high-grade opportunities to develop a world-class global exploration portfolio. Prior to the acquisition, Shell's portfolio was already differentiated by its breadth and diversity. It included near-field, high-return, incremental potential, new plays in producing 'heartland' basins and longer-term, high-impact, frontier opportunities.
Table of contents
- Upstream strategy
-
Exploration outlook
- Key deepwater exploration
- Unconventionals
- SWOT Grid
- Evolution of exploration strategy
- Well data
- Reserve replacement driven by both heartland regions and unconventionals
- Unlocking high-return incremental potential in the deepwater
- The integrated gas player
Tables and charts
This report includes 23 images and tables including:
- Gross exploration & appraisal wells by basin and sector
- Exploration wells drilled and spend per well
- Exploration success rates
- Top 40 discoveries (2009 to 2018)
- Key organic unconventional plays
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries and organic unconventionals, and as a proportion of all future production
- Full-cycle economics
- Full cycle value creation by year (conventional only)
- Full cycle value creation by year, including unconventionals
- Exploration returns by year (conventional only)
- Exploration returns by year, including unconventionals
- Value creation by resource category
- Exploration returns by water depth
- Net active exploration acreage by water depth
- Net active exploration acreage by country
- Exploration & appraisal spend and reinvestment
- Exploration & appraisal spend by water depth
- Exploration & appraisal spend by basin maturity
- Discovery costs by water depth
What's included
This report contains:
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