Wintershall Dea oil and gas exploration summary Report

Company Report 28 October 2024

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

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.

Exploration results
Wintershall portfolio
Production and potential cost of production
Value creation

Tables and charts

This report includes the following images and tables:

Wintershall Dea’s current acreage - top 5 countries (in '000 km2)
Net exploration and appraisal wells by country
Exploration & appraisal spend and reinvestment

Exploration success rates
Largest 10 conventional discoveries (net, 2014 to 2023)
Volumes discovered by year
Volumes discovered by water depth
Volumes discovered by country
Volumes discovered by basin
Production from new field discoveries and as a proportion of all future production
Finding and development costs for added resources
Full cycle economics
5 more item(s)...