About

Seapulse STRATEGIC ALLIANCES Provenance

Major scale exploration - industrial event frequency and cost efficiency focused

Seapulse is a global exploration investment company, co-founded in 2018 by Seacrest Capital Group and I-Pulse.

Seapulse is a private company, with major scale and intensity making high upside exploration accessible to investors. Seapulse’s strategic advantages are being able to drill a bigger portfolio whilst sharing technological capabilities both geological data and in lean integrated drilling service provision.

The global portfolio selection process is driven by data and technology, basin master funnelling, and follow-on potential, to ensure only high-quality and high-impact prospects are selected for drilling.

Now working with leading industry partners, such as Maersk Drilling, Seapulse is focused on executing on portfolio drilling programmes, targeting high upside returns for its investors.

With locked in cyclically low drilling costs, Seapulse will execute an extremely effective turn key, back to back drilling programme and fast track developments of discoveries.

Concept born out of industry need of discovered resource to sustain and replenish supply

Seapulse is executing on an innovative investment strategy adopting a low-cost, high-impact portfolio approach to exploration in order to maximise value creation and diversify risk. The scale of the Seapulse drilling programme rivals that of many super-majors by number of wells and potential scale and impact of the target prospects, but with a considerably compressed timeline and cost exposure. Seapulse phase one, will be testing prospects with estimated recoverable resources in excess of six billion boe with significant further running room in the event of success.

By design, the exploration wells to be drilled in the programme span diverse play types and basins in both frontier and established areas. The size and diversity of the portfolio provides a significant de-risking element. Maersk Drilling joins the alliance to deliver best-in-class drilling services and act as integrated well services provider, which will allow a strong focus on programme synergies and cost management to maximise potential success outcomes.

Re-thinking the hunt for new barrels

Seapulse’s collaborative business model has the promise to be transformational for the oil and gas industry, by optimising the risks and rewards associated with exploration drilling.

Seapulse’s unique and strategic alliance with Maersk Drilling has the clear objective to provide a lean and fully integrated service delivery model.

Our partners Maersk Drilling have the global capacity and fleet to efficiently, safely, and on a turn-key basis, deliver the global drilling campaign.

Collaborative industry approach

An aggregated campaign provides sequencing flexibility; reducing mobilisation costs and access slots across Maersk Drilling’s entire fleet.

Key highlights of the alliance:

Fully integrated service delivery model
Large scale application of a new lean collaboration model which seeks to identify and eliminate waste

Removal of complexity and alignment of objectives across the value chain
Market-based pricing with incentive scheme to drive performance

The typical exploration life cycle can take approximately 5-7 years

Country selection, basin selection, licence acquisitions, high grading from Plays to Leads to Prospects Building has already been done and we now have a global portfolio of drill ready prospects.

Seapulse investment cycle is 2-3 years.

Seapulse is a global oil and gas exploration vehicle. It’s not a traditional exploration company – in that it has a select portfolio of drill-ready targets to be drilled on an industrial scale over the next 2 years.

This global portfolio exploration approach offers value exposure to multiple and diverse opportunities with the associated reduced overall exploration outcome risk along with a highly cost-efficient model.

Current low rig rates and portfolio synergies create an extremely cost-effective model.