Insight
Back in the black: global exploration review of 2018
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- Executive summary
- The story is only going to get better
- Big exploration is an exclusive club
- Large and giantdiscoveries
-
How exploration returned to profitability
- Can this exploration recovery be sustained?
- Further analyses
-
Appendix: Exploration performance modelling
- Fundamental principles
- Exploration spend
Tables and charts
This report includes the following images and tables:
- 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:
Other reports you may be interested in
Asset Report
Chornomornaftogaz fields
Chornomornaftogaz is legally a fully-owned subsidiary of Naftogaz, Ukraine's state-owned energy company. It has historically been ...
$3,720
Asset Report
OMV Petrom shallow-water fields
OMV Petrom is the leading upstream operator in Romania. Its portfolio includes liquids and gas production from shallow-water fields on ...
$3,720
Asset Report
ERPM (Closed) gold mine
A detailed analysis of the ERPM (Closed) gold mine.
$2,250
