Staying Profitable – 2019 Exploration in Review

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Our analysis of exploration results in 2019 highlights major achievements and events of conventional exploration during the past year. As explorers are determined to stay disciplined and profitable, we see exploration spend and activity remain flat while initially-estimated discovered volumes were highest in five years. A large part of added volumes came from a record number of giant finds. This brought down discovery cost per barrel while support positive value creation. As discoveries are further announced and appraised, we can expect exploration economics to improve further.

Table of contents

  • Big gas volumes drive value creation that will improve with time

Tables and charts

This report includes 1 images and tables including:

  • 2019 Exploration in Review

What's included

This report contains:

  • Document

    2019 Global Exploration Review.pdf

    PDF 3.04 MB

  • Document

    2019 Global exploration review.xlsx

    XLSX 359.48 KB

  • Document

    Staying Profitable – 2019 Exploration in Review

    PDF 918.35 KB