Insight
Global exploration in 2020: solid results from fewer wells
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The oil and gas exploration industry’s plans were hit hard by the crises of 2020. Budgets were abruptly cut and logistical challenges left many wildcats deferred. We reckon spend and well counts both ended up down 40% on 2019. Yet, despite completing far fewer wells, the sector’s overall performance achieved many positives including at least 25 large and giant finds. Powered by our Lens platform and Exploration Service research, we review 25 billion boe of new field discoveries to identify the key discoveries, companies and economic metrics: • Which volumes are already considered commercial or economically viable? • How did overall discovery costs improve to become the lowest in over a decade? • Which regions drove value creation and returns to continue their upward trends of recent years? • Which NOCs and leading independents were the companies to watch?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Monument (WR 272)
Monument is a large oil field located in the Walker Ridge protraction area of the US Gulf of Mexico.
$3,720
Asset Report
Morvin
Morvin is a high pressure, high temperature (HP/HT) light oil and associated gas field located in the Haltenbanken Vest area.
$3,720
Asset Report
Exploration trends - benchmarking by region
Analysis of trends in conventional exploration by region over 2015-2024, including discovered resources, spend, value creation and returns.
$11,000
