Asset Report

Exploration trends - benchmarking by water depth

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06 July 2021

Exploration trends - benchmarking by water depth

Report summary

This report analyses global trends in conventional exploration by water depth setting over 2011-2020. The cost of exploration is compared with the value of new field discoveries made in four key water depth categories: onshore; shelf, deep- and ultra-deepwater. The two deepwater sectors delivered nearly half of the total resource found over the decade, with high costs offset by large discovery sizes and high average volumes per well. Most discoveries were made onshore, where costs are much lower, but tough fiscal terms often limit 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:

  • Average discovery size by water depth (2011-2020)

What's included

This report contains:

  • Document

    Global Exploration Trends Water Depth 2011 2020.xlsx

    XLSX 384.96 KB

  • Document

    Exploration Trends Water Depth 2011 2020.pdf

    PDF 1006.03 KB