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Statoil oil and gas exploration summary

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Report summary

For over a decade Statoil s exploration investment has been one of the highest among the Majors. Low oil prices and weakening exploration performance have put finances and its investment led growth strategy under pressure. However despite budget cuts the current exploration reinvestment rate remains one of the highest in the peer group. Starting in 2015 Statoil moved aggressively to reload its exploration portfolio to improve its longer term prospects. The company was well ahead of its Majors peer group in acreage reloading over the next 18 months although this has slowed in the last year. Statoilnow needs a return to exploration out performance to strengthen growth options and counter waning results at the end of the last decade.

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Table of contents

  • Executive summary
  • Strategy
  • Investment and costs
  • Exploration
  • Reserves and resources
  • Production
  • Valuation

Tables and charts

This report includes 24 images and tables including:

Images

  • Basins drilled and all conventional & organic unconventional discoveries 2007-2016
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Exploration wells drilled and spend per well
  • Exploration success rate
  • Production: Image 1
  • Valuation: Image 1
  • Valuation: Image 2
  • Valuation: Image 3
  • Valuation: Image 4

Tables

  • Ten year performance summary
  • Top 40 discoveries (2007 to 2016)
  • Key organic unconventional plays
  • Full-cycle economics
  • Gross conventional exploration and appraisal wells by basin and sector
  • Strategy: Table 1

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