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8 Pages

Global Exploration: 2015 in review

Global Exploration: 2015 in review

Report summary

Over the last 12 months, exploration has been materially affected by the sustained low oil-price. Many companies shifted away from exploration towards appraisal of discovered resource in an attempt to prove commerciality. However, despite the headline numbers from exploration in 2015 appearing stark, results have not been as negative as first appear. Explorers have been able to achieve more, with less as key discoveries in Egypt, Mauritania, Guyana and Colombia have provided a timely reminder of the potential upside from frontier exploration.

What's included?

This report includes 2 file(s)

  • Global Exploration: 2015 in review PDF - 504.28 KB 8 Pages, 2 Tables, 9 Figures
  • Global Exploration 2015 in review.xls XLS - 274.50 KB


This Oil and Gas Exploration Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides accurate and in-depth analysis to help you navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

  • Executive summary
    • Drilling and volumes down - particularly for oil
    • Giant and large finds
    • Play openers
    • Company performance
    • Results against 2015 predictions

In this report there are 11 tables or charts, including:

  • Executive summary
    • Increases from our initial estimate of global new field resources discovered (2010-2015)
    • Conventional new field volumes discovered
    • Volumes discovered - excluding mega-plays
    • Conventional new field discovery costs
    • Exploration well success rates
    • Distribution of giant and large oil and gas discoveries
    • Play openers, and key follow-up discoveries
    • Top 30 companies by conventional new field volumes discovered
    • Top 15 countries by conventional new field volumes discovered
    • E&A drilling by basin maturity
    • Proportion of E&A drilling activity
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