Name: Back in the black: global exploration review of 2018
Brand: Wood Mackenzie
SKU: 102999
Price: 1300 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 21 January 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Exploration is back making money with a long-overdue recovery to double-digit returns. Our latest view of exploration results confirms all the hard work to cut costs and commercialise discoveries is bearing fruit. We already see exploration returns of 13% in 2018, the highest calculated in well over a decade. As these discoveries are appraised and projects move through the development cycle, we can expect these economics to improve further.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle font-semibold">
        The story is only going to get better
    </li>

<li class="list__item-toggle font-semibold">
        Big exploration is an exclusive club
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<li class="list__item-toggle font-semibold">
        Large and giantdiscoveries
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        <a href="#31f2a071-4875-4edd-be21-6612ea2a5d78" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="31f2a071-4875-4edd-be21-6612ea2a5d78" aria-expanded="false">
            How exploration returned to profitability
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        <ul id="31f2a071-4875-4edd-be21-6612ea2a5d78" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Can this exploration recovery be sustained?
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        Further analyses
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        <a href="#171f37d5-b573-4993-a246-612f04532965" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="171f37d5-b573-4993-a246-612f04532965" aria-expanded="false">
            Appendix: Exploration performance modelling
        </a>
        <ul id="171f37d5-b573-4993-a246-612f04532965" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Fundamental principles
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        Exploration spend
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Full-cycle exploration returns 2009-2018</li><li class="list__item push-quarter--bottom">Exploration value creation 2009-2018</li><li class="list__item push-quarter--bottom">Volumes discovered</li>
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        <ul class="list list--bullets panel-toggle" id="bb4d5f1bb52f45db926e9bd43c4f3572">
            <li class="list__item push-quarter--bottom">Volume growth over time</li><li class="list__item push-quarter--bottom">Volumes discovered by company in 2017</li><li class="list__item push-quarter--bottom">Volumes discovered by company in 2018</li><li class="list__item push-quarter--bottom">Large 2018 discoveries</li><li class="list__item push-quarter--bottom">Top 15 countries by conventional new field discovered volumes</li><li class="list__item push-quarter--bottom">Weighted average lead-time from discovery to first production</li>
        </ul>
        
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Back in the black_global exploration review of 2018.xlsx</p>
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<p class="font-regular" >Back in the black: global exploration review of 2018</p>
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