Company Report
Wintershall Dea oil and gas exploration summary
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Report summary
On 3 September 2024, Harbour completed the deal to acquire the majority of Wintershall Dea’s upstream assets for US$11.2 billion. This report focuses on Wintershall Dea's exploration performance from 2013-2024. Wintershall Dea has struggled to create value through exploration across the study period under our Base price assumption. However, returns have steadily improved towards the end of the decade reaching a high of 20% in 2020. 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 results
- Wintershall portfolio
- Production and potential cost of production
- Value creation
Tables and charts
This report includes the following images and tables:
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Wintershall Dea’s current acreage - top 5 countries (in '000 km2)Net exploration and appraisal wells by countryExploration & appraisal spend and reinvestment
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Exploration success ratesLargest 10 conventional discoveries (net, 2014 to 2023)Volumes discovered by yearVolumes discovered by water depthVolumes discovered by countryVolumes discovered by basinProduction from new field discoveries and as a proportion of all future productionFinding and development costs for added resourcesFull cycle economics
- 5 more item(s)...
What's included
This report contains:
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