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Oil and Gas exploration review of 2021

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17 January 2022

Oil and Gas exploration review of 2021

Report summary

Our analysis of the global oil and gas exploration sector, comparing its 2021 investment with our estimated valuation of its key discoveries. We review costs, resources and returns to identify the themes, countries and companies that performed best over the year just ended. The results reveal a triumph of quality over quantity. Total volumes of 12 billion boe are unremarkable compared to the best years of the past decade. These finds support positive value creation and full cycle returns of 11-16%.

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    Global Exploration In 2021.xlsx

    XLSX 297.40 KB

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    Global Exploration In 2021.pdf

    PDF 1.81 MB