Asset report

Exploration trends - benchmarking by region

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

  • An error has occurred while getting captcha image

Report summary

This report details regional trends in conventional exploration from 2007-2016. We analyse exploration performance across eight regions: Asia Pacific, Europe, North America, Latin America, North Africa, Sub-Sahara Africa, Russia & Caspian and Middle East. Global exploration investment fell to just US$42 billion in 2016, half that of 2014 levels. In the face of collapsing oil prices, companies slashed budgets. Regions characterised by a large proportion of deepwater, frontier opportunities were hardest hit – the Middle East, following by North Africa and Sub-Sahara Africa, saw the biggest falls in spending. Our ten-year view shows a bleak picture in terms of value created thanks to the fall in global commodity prices. Only two of our eight regions achieved positive full-cycle value creation over the decade - Middle East and North Africa. Sub-Sahara Africa added more than 50 bnboe of conventional volume over the decade, following the opening of the East Africa gas province.

What's included

This report contains

  • Document

    Exploration Trends by region.xls

    XLS 777.50 KB

  • Document

    Exploration trends benchmarking by region.pdf

    PDF 2.35 MB

  • Document

    Exploration trends - benchmarking by region

    PDF 506.22 KB

  • Document

    Exploration trends - benchmarking by region

    ZIP 2.97 MB

Table of contents

Tables and charts

This report includes 4 images and tables including:


  • Summary and key issues: Image 1


  • Key facts - global summary
  • Assumptions
  • Key facts by region

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898