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03 October 2017


Report summary

Table of contents

Tables and charts

This report includes 24 images and tables including:

  • Global database
  • Assumptions
  • Exploration and appraisal spend and well count
  • Exploration and appraisal spend
  • Exploration and appraisal well numbers
  • Reserves and resources: Table 1
  • Annual volumes discovered
  • Average volumes discovered per well
  • Proportion of volumes by commerciality
  • Volume discovered by phase
  • Lead times
  • Discovery and development costs
  • Annual discovery costs
  • Discovery and expected development costs
  • WM Brent Oil Price Assumption, May 2015 vs May 2016
  • Value creation and returns
  • Value creation under three price scenarios
  • Unit development value
  • Annual value creation at the Base price
  • Annual full-cycle returns
  • Discovery count and success rate
  • Annual discoveries
  • Trends in overall success rate
  • Government take