×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Insight

Oil and gas exploration: 2022 in review

Get this report

$1,300

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

12 January 2023

Oil and gas exploration: 2022 in review

Report summary

Our analysis of the global oil and gas exploration sector shows that full-cycle value creation and returns were the highest in more than a decade. Total volumes of around 20 billion boe are a return to pre-Covid levels despite a 50% drop in the number of exploration wells. We review costs, resources and returns to identify the themes, countries and companies that performed best over the year just ended. We project oil and gas production and free net cash flow that could be delivered by the commercial and economically viable new resources.

Table of contents

  • Executive summary

Tables and charts

This report includes 1 images and tables including:

What's included

This report contains:

  • Document

    Oil And Gas Exploration 2022 In Review.pdf

    PDF 2.12 MB

  • Document

    Oil And Gas Exploration 2022 In Review.xlsx

    XLSX 294.54 KB