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16 Pages

Tullow Oil oil and gas exploration summary


Tullow Oil oil and gas exploration summary

Report summary

Following an unwavering commitment to exploration, Tullow has responded to lower oil prices by completing a sharp inflection in its strategic direction. In the 2011 to 2013 period, the company spent over US$1 billion annually as it looked to maintain its exploration momentum. Funds from the selective monetisation of discovered resources were used to support development activity and ongoing investment in exploration. In 2014, Tullow entered a period of intensive development offshore Ghana, and in the absence of material asset sales, exploration spend was cut to US$800 million. Exploration investment had seen even further cuts in both 2015 and 2016.

What's included?

This report includes 2 file(s)

  • Tullow Oil oil and gas exploration summary PDF - 485.47 KB 16 Pages, 5 Tables, 18 Figures
  • Tullow Oil.xls XLS - 557.50 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
  • Strategy
    • Upstream strategy
    • Exploration strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
  • Production
  • Valuation
    • Africa drives exploration out-performance over the decade
    • Significant volumes from the West African Transform Margin in Ghana
    • The emergence of East Africa's rift systems
    • Transferring the Atlantic Transform Margin to Latin America

In this report there are 23 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 exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Top 40 discoveries (2006 to 2015)
    • 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 valuation
    • Valuation: Image 1
    • Valuation: Image 2
    • Valuation: Image 3
    • Returns by water depth
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