Asset Report

Exploration trends - benchmarking by region

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26 September 2022

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:

  • Document

    Global Exploration Trends By Region 2012 2021.pdf

    PDF 1.12 MB

  • Document

    Global Exploration Trends By Region 2012 2021.xlsx

    XLSX 382.07 KB