Insight
Exploration quietly recovering
This report is currently unavailable
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 6 images and tables including:
- 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
Insight
Europe upstream in brief
With over one thousand blocks on offer, what do we expect from the latest Norwegian APA licensing round?
$1,350
Asset Report
Claiborne (MC 794)
Claiborne (MC 794) is a small Miocene discovery located in the Mississippi Canyon protraction area of the deepwater Gulf of Mexico. The ...
$3,100
Country Report
Syria upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650