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Global exploration: what to look for in 2015

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12 February 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.

Table of contents

Tables and charts

This report includes 2 images and tables including:

  • Exploration budgets of select companies
  • Map of select licensing rounds and frontier drilling to watch

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    Global exploration: what to look for in 2015

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