Insight
Success rates rise and deepwater delivers: global exploration review of 2017
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Explorers achieved significant success in 2017 as companies emerged from the downturn leaner and more focused on making smart portfolio decisions. We have seen a return to high impact exploration in ultra-deepwater and frontier basins after a period of focusing on low risk, low reward activity. Oil accounted for 56% of discovered volumes, a share last seen in 2008, with eight out of the top ten discoveries being oil weighted.
Table of contents
- Executive summary
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High impact exploration rewarded
- Costs heading in the right direction
- Big wins for ultra-deepwater
- Giant and large finds
- Company performance
Tables and charts
This report includes the following images and tables:
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Oil & gas volumes discovered by yearIncreases from our initial estimate of global new field resources discovered (2012-2017)Conventional new field discovery costs
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Exploration well success ratesOnshore wells and success rateShelf wells and success rateDeepwater wells and success rateUltra-deepwater wells and success rateConventional new field volumes discoveredOffshore Volumes discoveredDistribution of giant and large oil and gas discoveries (discovery well names shown)Volumes discovered with mega-plays highlighted
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What's included
This report contains:
