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5 Pages

Global Exploration: what to look for in 2016

Global Exploration: what to look for in 2016

Report summary

The exploration industry in 2016 will be in survival mode. We expect spend to be slashed to less than half of its 2014 peak. Our fear is these sharp cuts will cause lasting problems for the exploration industry, including reduced service sector capacity and loss of experienced talent.

What's included?

This report includes 2 file(s)

  • Global Exploration: what to look for in 2016 PDF - 425.64 KB 5 Pages, 0 Tables, 4 Figures
  • Global exploration - what to look for in 2016.xls XLS - 124.00 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
    • Exploration budgets will be severely eroded for a second year
    • Exploration business models are adapting
    • Still some high-impact wells to watch
    • Fewer international shale wells
    • Governments are waking up to the reality of this downturn
    • Lasting problems ahead?

In this report there are 4 tables or charts, including:

  • Executive summary
    • Exploration spend outlook
    • Selected 2016 exploration budget guidance
    • Evolution of 'typical' exploration strategies 2014-2016
    • Selected high-impact exploration wells currently drilling and planned for 2016
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