Insight
| |
7 Pages

One trillion barrels - the global potential of undeveloped discoveries


One trillion barrels - the global potential of undeveloped discoveries

Report summary

Across the world there are over one trillion barrels of oil equivalent (boe) reserves in oil and gas fields for which there are no development plans.  We classify these as technical reserves.  There are also around 300 billion boe of undeveloped commercial reserves which should be brought onstream in the next ten years or so. Over half of the technical reserves are potentially economic under our current economic assumptions (‘ good technicals'), and have an indicative cumulative value of c.a....

What's included?

This report includes 1 file(s)

  • One trillion barrels - the global potential of undeveloped discoveries PDF - 545.40 KB 7 Pages, 1 Tables, 3 Figures

Description

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

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
  • Global undeveloped resources
    • A vast resource base
    • And vast potential value from ‘good technical' fields
  • The obstacles to commerciality
    • Lack of access to markets and attractive gas prices
    • Infrastructure constraints
    • Unattractive or inaccessible fiscal and regulatory regimes
    • Complexity of development
    • Capturing the prize
  • Appendix
  • Wood Mackenzie technical reserves definitions and valuation methodology
  • Indicative valuations
  • Categorisation of undeveloped discoveries
  • Price assumptions

In this report there are 4 tables or charts, including:

  • Executive Summary
  • Global undeveloped resources
    • Global* distribution of technical reserves (good + contingent)
    • Global* distribution by indicative value (NPV10) of good technical fields
    • Regional* indicative valuations of good technical reserves
  • The obstacles to commerciality
    • The world's ten largest technical reserve volumes
  • Appendix
  • Wood Mackenzie technical reserves definitions and valuation methodology
  • Indicative valuations
  • Categorisation of undeveloped discoveries
  • Price assumptions
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.