Future of Exploration Survey results 2024: explorers emboldened and disciplined

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Our Survey respondents from across the globe reported that conventional exploration is a higher priority for resource capture than last year. These leading explorers report a significantly diminished impact of the energy transition on their exploration business against the backdrop of ongoing energy security concerns. The results show an intriguing dichotomy between rising internal support and falling social licence to operate. Capital discipline continues as explorers are asked to deliver more with less. We examine the top challenges explorers face, noting some interesting changes from last year. Majors continue to dominate the rankings of most-admired explorers and operate many of the most exciting discoveries of 2023 and highly-anticipated wells of 2024. Explorers are most excited about opportunities along the Atlantic Margin, while concern grows about policy shifts.

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    Future Of Exploration Survey Results 2024.pdf

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