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f Exploring in Mature Basins – A Consultants Perspective
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 71st EAGE Conference and Exhibition incorporating SPE EUROPEC 2009, Jun 2009, cp-127-00231
- ISBN: 978-90-73781-67-2
Abstract
Q004 Exploring in Mature Basins - A Consultants Perspective D. Parkinson* (Wood Mackenzie Ltd) SUMMARY 71 st EAGE Conference & Exhibition — Amsterdam The Netherlands 8 - 11 June 2009Exploration remains probably the best means for upstream companies to create value. We have analysed returns achieved by the exploration industry based on the comparison of global investment in exploration with the value of new field discoveries made. The historical trend picture is positive but only just. And of course not all companies and not all basins are successful. Exploration economics have fundamentally shifted since 2004 with the impacts of increased