--> --> Overview of Recent Discoveries and Play Openers, by Andrew Latham; #90052 (2006)

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Overview of Recent Discoveries and Play Openers

Andrew Latham
Upstream Consultancy, Wood Mackenzie, Edinburgh, United Kingdom

This presentation will analyse:

  • The regional distribution of recent oil and gas discoveries worldwide. Overall volumes have been falling since the super-giant discoveries of 2000 in Australia and the Caspian. Key trends in activity, investment and reserve replacement.
  • The relative importance of new plays versus established plays. Which are the most attractive for explorers in terms of adding reserves, finding costs and overall returns?
  • Examples of key new discoveries and play openers. How did the companies identify, capture and progress the opportunities?
  • Strategies for successful exploration in new basins. Examples of approaches that have worked in the recent past and some thoughts on possible future business models for exploration new ventures.