Company Report
Wintershall Dea oil and gas exploration summary
This report is currently unavailable
Report summary
In December 2017, BASF and LetterOne announced plans to merge their oil and gas businesses (Wintershall and DEA respectively) in a joint venture. The deal closed in May 2019. This analysis covers the exploration performance of both companies over the last decade. The companies’ growth strategies over the last decade have been a mixture of organic growth, along with targeted acquisitions and strategic partnerships. They have focussed on increasing production in their traditional cores areas as well as looking to asset development opportunities and acquisitions. Wintershall Dea will target exploration in its core areas that offer long-term potential to diversify growth options outside its legacy production centres. Improvement in exploration performance towards the end of the decade coincided with two play opening discoveries in Mexico and focused spend in Norway.
Table of contents
- Exploration strategy
- Exploration results
- Current portfolio and exploration outlook
- Production and potential cost of production
- Value creation
Tables and charts
This report includes 17 images and tables including:
- Wintershall Dea’s current acreage - top 5 countries (in '000 km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2013 to 2022)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin maturity
- Production from new field discoveries and as a proportion of all future production
- Finding and development costs for added resources
- Full cycle economics
- Top 10 conventional discoveries by development value (2013-2022)
- Conventional value and spend by country
- Exploration returns by water depth
- Value creation
- Exploration returns by year
What's included
This report contains:
Other reports you may be interested in
Insight
Oil and gas exploration: 2023 in review
Positive value creation and double-digit returns despite lowest discovered volumes in last ten years.
$1,300
Asset Report
Birchcliff Energy Alberta
Birchcliff Energy is an intermediate oil and gas exploration and production company founded in late 2004. Its operations are centred in ...
$3,100
Asset Report
Bulgaria onshore fields
Oil and Gas Exploration & Production (OGEP) operates the only producing assets in Bulgaria's onshore sector. TransAtlantic ...
$3,100