Insight
Exploration quietly recovering
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
Conventional exploration spend nosedived during the pandemic. We see a quiet recovery over the next five years, led by Majors and NOCs. Emerging deepwater provinces will attract increasing levels of spend. Non-IOCs (such as conglomerates and small, local independents) still have an important role to play. They explore in places less accessible, or less attractive, to IOCs. Where they explore has shifted over the past decade.
Table of contents
- Executive summary
- What do we think the next five years of exploration will look like?
- NOCs and Majors to become even more dominant
- Many tailwinds boost exploration spend
- But constraints put a ceiling on ultimate exploration spend
- Is exploration spend high enough?
Tables and charts
This report includes the following images and tables:
- Exploration spend 2000-2027
- Deepwater future exploration spend estimate by region
- Exploration spend by peer group
- Proportion of exploration spend by peer group
- Development and exploration spend combined
- Tailwinds and constraints for exploration spend
What's included
This report contains:
Other reports you may be interested in
Asset Report
US GoA (GoM) Deepwater exploration basin
The US GoA (GoM) deepwater basin continues to attract interest from both Majors and independents with promising exploration activity.
$2,800
Asset Report
Longhorn
Longhorn is a gas field located in the Mississippi Canyon protraction area. It was developed as a five-well subsea tie-back to the ...
$3,720
Asset Report
Pompano
Pompano, comprising Pompano I (VK 990), Pompano II (MC 28) and Amethyst (MC 26), is a large shelf-edge oil field that straddles the ...
$3,720
