Insight
Global Exploration: what to look for in 2016
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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
The exploration industry in 2016 will be in survival mode. We expect spend to be slashed to less than half of its 2014 peak. Our fear is these sharp cuts will cause lasting problems for the exploration industry, including reduced service sector capacity and loss of experienced talent.
Table of contents
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Executive summary
- Exploration budgets will be severely eroded for a second year
- Exploration business models are adapting
- Still some high-impact wells to watch
- Fewer international shale wells
- Governments are waking up to the reality of this downturn
- Lasting problems ahead?
Tables and charts
This report includes the following images and tables:
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Exploration spend outlookSelected 2016 exploration budget guidanceEvolution of 'typical' exploration strategies 2014-2016Selected high-impact exploration wells currently drilling and planned for 2016
What's included
This report contains:
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