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
Insight
Oil and gas exploration: 2024 in review
2024’s overall value creation hinges on upside at Namibia’s Mopane discovery
$1,300
Country Report
Libya Upstream Summary Slides
To complement our more detailed upstream summary we provide a slide-pack of the key issues.
$2,040
Insight
Oil and refining impact of US reciprocal tariffs – Update
Does tariff exemption for energy insulate oil and refined product markets from impact of tariffs?
$1,350
