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16 Pages

Talisman oil and gas exploration summary


Talisman oil and gas exploration summary

Report summary

Talisman is repositioning its strategic direction to focus on two, self-funding core areas - the Americas and Southeast Asia - with a shift towards liquids-rich production. Talisman has created modest overall value and returns over the decade through conventional exploration. However, its investments in North American unconventionals have struggled due to its early focus on dry gas production and the subsequent fall in the North American gas price in 2012.

What's included?

This report includes 2 file(s)

  • Talisman oil and gas exploration summary PDF - 629.64 KB 16 Pages, 5 Tables, 20 Figures
  • Talisman.xls XLS - 534.50 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
    • Basins drilled and major discoveries 2004-2013
  • Strategy
    • Upstream strategy and the role of exploration
    • Evolution of exploration strategy
      • Broadening the base and trying to establish new areas until 2007
      • Changing leadership and strategy in the middle of the decade
      • A change in strategic direction with another new CEO
    • Exploration outlook
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
    • Production from new field discoveries and organic unconventionals
  • Valuation
    • Exploration performance has been mixed in the decade
    • Modest results in legacy areas - Southeast Asia and the UK
    • Mixed success through high-impact exploration
    • Over exposed to North American unconventional gas

In this report there are 25 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Ten year performance summary
  • Strategy
  • 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 exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Top 40 discoveries (2004 to 2013)
    • Key organic unconventional plays
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by year - ex. Uncons.
    • Reserves and resources: Image 4
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production: Image 1
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year (conventional only)
    • Full cycle value creation by year, with uncons & DROs
    • Exploration returns by year (conventional only)
    • Exploration returns by year, with uncons & DROs
    • Value creation by reserve category
    • Value creation by water depth
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