Success rates rise and deepwater delivers: global exploration review of 2017

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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

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:

  • Document

    global_exploration_2017_in_review.xlsx (2)

    XLSX 181.94 KB

  • Document

    Success rates rise and deepwater delivers: global exploration review of 2017

    PDF 587.23 KB