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18 Pages

Statoil oil and gas exploration summary


Statoil oil and gas exploration summary

Report summary

Statoil’s overall investment-led growth strategy has had exploration at its core with large exploration successes and focused acquisitions through the middle of the last decade. However, low oil prices and weakening exploration performance have put finances and the investment-led growth strategy under pressure, with budget cuts amongst the steepest of the Majors. Despite this, Statoil will have the highest reinvestment rate in the Majors peer group as exploration remains a core part of its strategy. The company has moved aggressively to reload its exploration portfolio to improve its longer-term prospects. Acreage reloading since the start of 2015 has been well ahead of its Majors peer group.


What's included?

This report includes 2 file(s)

  • Statoil oil and gas exploration summary PDF - 545.03 KB 18 Pages, 6 Tables, 19 Figures
  • Statoil.xls XLS - 597.00 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
  • Strategy
    • Upstream strategy
    • Exploration strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
  • Production
  • Valuation
    • Securing long term growth through exploration
    • Deepwater focus
    • National champion status still performing strongly
    • North America key growth area - unconventionals

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
    • 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 conventional exploration and appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rate
  • Reserves and resources
    • Top 40 discoveries (2006 to 2015)
    • Key organic unconventional plays
    • 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
    • Full cycle value creation by year with uncons
    • Exploration returns by year, with uncons
    • Value creation by water depth
    • Returns by water depth
    • Costs and development value by reserve category
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