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10 Pages

UK Probables - the 2013 portfolio


UK Probables - the 2013 portfolio

Report summary

The volume of reserves in the UK probable developments portfolio has decreased from 2.2 bnboe in our 2011 portfolio to 1.5 bnboe in 2013. There are two key reasons for this: large numbers of fields being sanctioned and disappointing exploration success in recent years.

What's included?

This report includes 2 file(s)

  • UK Probables - the 2013 portfolio PDF - 735.26 KB 10 Pages, 3 Tables, 6 Figures
  • UK Probables the 2013 portfolio.xls XLS - 254.50 KB

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.

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  • Smaller portfolio of probable developments
  • Reserves dominated by technically challenging developments…
    • …but the number of fields with less than 50 mmboe remains high
  • New additions to the portfolio
  • Diverse Corporate Mix
  • Production and Reserves
  • Valuation and capital costs
    • Challenging projects and cost inflation drive development costs up
  • Breakeven costs continue to rise
  • Future Outlook
  • Economic Assumptions

In this report there are 9 tables or charts, including:

  • Smaller portfolio of probable developments
  • Reserves dominated by technically challenging developments…
  • New additions to the portfolio
  • Diverse Corporate Mix
    • Net reserves and number of probable developments by top 20 participants
  • Production and Reserves
    • UK remaining commercial reserves by status
    • Probable developments production profile
  • Valuation and capital costs
    • Capital expenditure on commercial fields
    • Capital expenditure in historical probable portfolios
  • Breakeven costs continue to rise
    • Breakeven price vs. reserves
  • Future Outlook
    • UK Probable Developments - April 2013
    • Fields which have received development approval since October 2011
    • Fields which have entered the probable portfolio since October 2011
  • Economic Assumptions
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