| |
5 Pages

Global exploration: what to look for in 2015

Global exploration: what to look for in 2015

Report summary

Exploration spending will be cut by at least 30%, as discretionary E&A drilling is deferred or dropped. Most explorers will focus on lower-risk heartland basins. Companies will try to spend nothing now whilst retaining acreage where they can. Farm-in opportunities will abound, but selectivity is key. Licensing authorities will be under pressure to improve the attractiveness of terms on offer or to defer upcoming rounds.

What's included?

This report includes 1 file(s)

  • Global exploration: what to look for in 2015 PDF - 422.03 KB 5 Pages, 1 Tables, 1 Figures


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
  • Spending cuts of 30% and more
    • High-cost drilling (mostly) deferred in favour of lower-cost, lower-risk options
    • Licences will be extended where possible, relinquished if marginal
    • Opportunities abound for selective, niche farm-ins
  • Licence rounds enter new competitive era
    • Timing of rounds becomes uncertain
    • Easing of terms
  • Bright spots in 2015

In this report there are 2 tables or charts, including:

  • Executive Summary
  • Spending cuts of 30% and more
    • Exploration budgets of select companies
  • Licence rounds enter new competitive era
  • Bright spots in 2015
    • Map of select licensing rounds and frontier drilling to watch
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.