Insight
Oil and gas exploration: 2023 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Our analysis of the global oil and gas exploration sector shows that full-cycle value creation and returns remained positive. Total volumes of around 11 billion boe with around 3 billion boe currently classified as commercial or economically viable. Spend and well numbers remained relatively flat as the industry settles into the new-normal. 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
- 2023 in review – a global upstream series
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Country Report
Greenland upstream summary
Government suspends oil and gas exploration - In July 2021, the Greenland government announced it would not issue any new exploration ...
$4,080
Country Report
Portugal upstream summary
No production so a reliance on imports - There have been no commercial discoveries in Portugal. As such, domestic oil and gas ...
$4,080
Country Report
Montenegro upstream summary
An upstream sector with no discoveries and vocal opposition - Montenegro has no commercial oil and gas production but has been working ...
$4,080
