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Back in the black: global exploration review of 2018

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21 January 2019

Back in the black: global exploration review of 2018

Report summary

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.

Table of contents

Tables and charts

This report includes 9 images and tables including:

  • Full-cycle exploration returns 2009-2018
  • Exploration value creation 2009-2018
  • Volumes discovered
  • Volume growth over time
  • Volumes discovered by company in 2017
  • Volumes discovered by company in 2018
  • Large 2018 discoveries
  • Top 15 countries by conventional new field discovered volumes
  • Weighted average lead-time from discovery to first production

What's included

This report contains:

  • Document

    Back in the black_global exploration review of 2018.xlsx

    XLSX 134.33 KB

  • Document

    Back in the black: global exploration review of 2018

    PDF 1.07 MB

  • Document

    Back in the black: global exploration review of 2018

    ZIP 1.08 MB