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Highs and lows of 2013 conventional exploration

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06 February 2014

Highs and lows of 2013 conventional exploration

Report summary

The exploration industry has been through a period of spectacular success that is difficult to maintain.  Volumes found through conventional exploration declined year-on-year in 2013 despite record spending.  We review the successes and the disappointments of the year.  

Table of contents

  • Executive summary
  • Volumes down and discovery costs up
  • Pretty good year for the Majors, pretty poor year for everyone else
  • Sub-Sahara Africa smaller but still dominant
    • Deepwater ascendancy continues
    • Success eludes explorers for offshore East African oil
    • Exploring for pipe gas

Tables and charts

This report includes 13 images and tables including:

  • Increases from initial estimate of volume discovered
  • New field discoveries by hydrocarbon type
  • Resource discovery costs
  • Highs and lows of 2013 conventional exploration: Image 3
  • 2013 new field resources by company type
  • New field resources by company type
  • New field resources of top 10 companies
  • New field resources discovered by region
  • New field resources discovered by country
  • Highs and lows of 2013 conventional exploration: Image 9
  • The ten largest discoveries announced
  • Volumes by water depth and avg. DW discovery size
  • 2013 new field resources, by water depth

What's included

This report contains:

  • Document

    Highs and lows of 2013 conventional exploration

    PDF 769.98 KB

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