Asset Report
Global exploration trends 2025
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Global exploration trends report analyses high-level global trends in conventional exploration over 2015-2024. Exploration continues to play a significant role as the messaging of energy transition softens. While the global oil and gas landscape continues towards a lower-emission future, it does so against the backdrop of ongoing energy security concerns. The industry has undergone multiple major transformations across the decade. The industry’s ‘new normal’ prioritizes capital discipline and rapid routes to commercialisation, which has supported value creation and returns.
Table of contents
- Discovery count and success rate
- Exploration full cycle economics
- Oil and gas prices
- Fundamental principles
- Exploration spend
- Well and play maturity definition
Tables and charts
This report includes the following images and tables:
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Annual discoveries by commercialitySuccess rates by maturityVolumes discovered by hydrocarbon type
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Volumes discovered by commercialityDiscovered resources by region (2015-2024)Average discovery sizeAverage volume discovered per exploration wellNumber of giant and large discoveriesVolumes in giant and non-giant discoveriesTen largest oil discoveries of the decade (2015-2024)Ten largest gas discoveries of the decade (2015-2024)Peer group share of discovered resource by commerciality
- 10 more item(s)...
What's included
This report contains:
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