Insight
Success rates rise and deepwater delivers: global exploration review of 2017
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 17 images and tables including:
- Oil & gas volumes discovered by year
- Increases from our initial estimate of global new field resources discovered (2012-2017)
- Conventional new field discovery costs
- Exploration well success rates
- Onshore wells and success rate
- Shelf wells and success rate
- Deepwater wells and success rate
- Ultra-deepwater wells and success rate
- Conventional new field volumes discovered
- Offshore Volumes discovered
- Distribution of giant and large oil and gas discoveries (discovery well names shown)
- Volumes discovered with mega-plays highlighted
- Wells drilled by play maturity
- Volumes discovered by play maturity
- Play openers
- Top 30 companies by conventional new field volumes discovered
- Top 15 countries by conventional new field discovered volumes
What's included
This report contains:
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