Global Exploration: what to look for in 2016

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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 contains

  • Document

    Global Exploration: what to look for in 2016

    PDF 425.64 KB

Table of contents

    • 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?

Tables and charts

This report includes 4 images and tables including:


  • 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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