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The impact of plunging oil prices on Indonesian deepwater exploration


The impact of plunging oil prices on Indonesian deepwater exploration

Report summary

Low oil prices are having a significant impact on the exploration industry. Companies are making deep cuts to exploration budgets and are re-evaluating exploration strategies, and spud rates for offshore exploration wells have fallen dramatically as a consequence. This presentation, initially delivered at the Deepwater Asia Congress in Jakarta, in September 2015, examines the implications of reduced investment and activity on the outlook for exploration in Indonesia's deepwater sector. We look at the competitiveness of the sector versus opportunities in a global portfolio, comparing full-cycle breakeven prices, fiscal terms and prospectivity. We also share thoughts on what Indonesia can do to attract a greater share of global exploration investment, even as industry spending falls.

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Description

This Oil and Gas Exploration Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides accurate and in-depth analysis to help you navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

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