Asset Report

Exploration trends - benchmarking by region

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This report details regional trends in conventional exploration over 2013-2022. We analyse exploration performance across eight regions: Asia Pacific, Europe, Latin America, Middle East, North Africa, North America, Russia and the 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 (2013-2022)

What's included

This report contains:

  • Document

    Global Exploration Trends Benchmarking By Region 2013 2022.xlsx

    XLSX 334.51 KB

  • Document

    Global Exploration Trends Benchmarking By Region 2013 2022.pdf

    PDF 603.65 KB