Asset report
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48 Pages

Global future exploration basin economic benchmarking

Global future exploration basin economic benchmarking

Report summary

This report analyses the future volumes and economics of global exploration to benchmark the attractiveness of basins across the world.  Our analysis of 126 basins and 225 plays forecasts an increase in exploration spend, despite fewer wells.  Future new-field volumes remain relatively flat. All the data in this report are downloadable in the associated spreadsheet and through the Exploration Future Economics data tool.

What's included?

This report includes 4 file(s)

  • Global future exploration basin economic benchmarking PDF - 9.33 MB 48 Pages, 22 Tables, 19 Figures
  • shape ZIP - 1.66 MB
  • Basin and play benchmarking.xls XLS - 1024.00 KB
  • Basin benchmarking tables.xls XLS - 197.00 KB


Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Asset Benchmarking report provides a detailed benchmarking of the oil and gas exploration industry, including drilling results, success rates and the value of each discovery. You'll also find information about discovery and development costs and full-cycle returns.

Exploration businesses and advisors can use this report to decide which regions or sectors are best to explore. Benchmarking at basin level helps with opportunity screening.

Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

  • Summary and key issues
  • Exploration
    • Wells and spend
      • Regional wells and spend
    • Basin wells and spend
      • Play wells and spend
        • Top 10 basins by exploration investment: breakdown by play
  • Reserves and resources
    • Yet-to-find volumes
      • Total yet-to-find volumes
        • Basin and play yet-to-find volumes: ranges by water depth
      • Basin yet-to-find volumes
        • Yet-to-find volumes
      • Play total yet-to-find volumes
      • Volume per well
      • Basin volume per well
        • Volume per well
      • Play volume per well
  • Costs
    • Discovery costs
      • Basin discovery costs
      • Play discovery costs
    • Development Costs
      • Basin development costs
      • Play development costs
  • Economic analysis
    • Total value creation
    • Basin total value creation
      • Value Creation
    • Play total value creation
    • Unit value creation
      • Basin and play unit value creation: ranges by water depth
    • Basin unit value creation
      • Unit value creation
    • Play unit value creation
    • Internal rate of return (IRR)
      • Basin and play IRR
        • Basin and play IRR: ranges by water depth
        • IRR
        • Unit value creation versus IRR
        • IRR (Low price) versus IRR (High price)
        • Government take
          • Basin government take %
          • Play government take

In this report there are 41 tables or charts, including:

  • Summary and key issues
  • Exploration
    • Basin and play exploration investment and number of wells ranges
    • Number of exploration wells to 2030
    • Exploration: Image 2
    • Exploration: Image 3
    • Exploration investment and numbers of wells: top 20 basins and key play
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Image 1
    • Reserves and resources: Image 2
    • Top 10 basins by yet-to-find volumes: breakdown by play
    • Yet-to-find volumes: top 20 basins and key play
    • Basin and play volume per well: ranges by water depth
    • Reserves and resources: Image 4
    • Volume per well: top 20 basins and key play
  • Costs
    • Basin and play discovery costs: ranges by water depth
    • Commercial yet-to-find volumes versus discovery costs - truncated*
    • Ten plays with lowest discovery costs in each water depth category
    • Discovery costs: top 20 basins and key plays
    • Development costs
    • Basin and play development costs: ranges by water depth
    • Ten plays with lowest development costs in each water depth category
  • Economic analysis
    • Basin and play value creation: ranges by water depth
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Economic analysis: Image 3
    • Economic analysis: Image 4
    • Value creation: top 20 basins and key plays
    • Economic analysis: Table 3
    • Economic analysis: Image 5
    • Economic analysis: Image 6
    • Ten plays with highest unit value creation by water depth category
    • Unit Value creation: top 20 basins and key play
    • Economic analysis: Table 6
    • Economic analysis: Image 7
    • Economic analysis: Image 8
    • Economic analysis: Image 9
    • Ten plays with highest IRR by water depth
    • IRR: top 20 basins and key play
    • Basin and play government take percentage
    • Economic analysis: Image 10
    • Ten plays with lowest government take % by water depth
    • Government take percentage: top 20 basins and key plays
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