Exploration has a development problem - what will it take to fix?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
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Executive summary
- Returns from investment in exploration have fallen uncomfortably low
- Increasingly complex new field resources are not converting to reserves
- What does the exploration industry need to do to fix its problem?
- Exploration returns will recover
Tables and charts
This report includes the following images and tables:
- Not an issue: total volumes and mean discovery size
- Exploration has a development problem - what will it take to fix?: Image 2
- Might become an issue: proportion of gas versus oil
- Heart of the problem: rising costs suppress returns
- Discoveries by resource commerciality
- New developments by easy and hard reserve themes
- Traffic light drivers of exploration returns
- Matrix of possible solutions by opportunity type
What's included
This report contains:
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