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Which deepwater plays are still attractive?

With the downturn lasting longer than most expected, explorers and developers alike are directing their scarce capital towards deepwater's sweet spots. As a result, the geography has narrowed. In the three years before the downturn, there were 23 countries with more than five deepwater wildcats completed. Since the start of 2015, only nine countries — those with the lowest breakeven prices and easiest commercialization — have reached this mark. In this report we explore: • The location of deepwater sweet spots • Key subsurface characteristics of deepwater sweet spots • Breakeven prices of deepwater developments • Deepwater yet-to-find potential • Most valuable deepwater opportunities

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