Global Exploration: 2015 in review Report

Insight 19 January 2016

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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.

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

Tables and charts

This report includes 11 images and tables including:

Increases from our initial estimate of global new field resources discovered (2010-2015)
Conventional new field volumes discovered
Volumes discovered - excluding mega-plays