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

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24 January 2018

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

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

    ZIP 702.55 KB

  • Document

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

    ZIP 702.55 KB

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