Asset Report
Exploration trends - benchmarking by region
Report summary
This report details regional trends in conventional exploration over 2012-2021. We analyse exploration performance across eight regions: Asia Pacific, Europe, Latin America, Middle East, North Africa, North America, Russia & Caspian and Sub-Sahara. Global investment fell by 50%-80% across most regions after the 2014 oil price downturn, with regions characterised by a large proportion of deepwater and frontier opportunities generally saw the largest cuts. The oil and gas exploration industry has put its house in order. A return to positive value creation is apparent and exploration has made its recovery to making double-digit returns. Full details are available to download in pdf and excel format.
Table of contents
- Key trends
Tables and charts
This report includes 1 images and tables including:
- Discovered volumes by commerciality (2012-2021)
What's included
This report contains:
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