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5 Pages

Exploration volumes in 2015 on track, despite spending cuts

Exploration volumes in 2015 on track, despite spending cuts

Report summary

The exploration industry in 2015 is on track to match the volumes it discovered over the same period in 2014 – 14 billion boe – despite this year's sharp investment cuts and cancelled drilling plans. By the end of September, explorers had found close to 10 billion boe in conventional new fields. That is just 3% less than our equivalent estimate made at the same time last year. Full year 2015 volumes will again be boosted by Q4 discoveries, further disclosure of wells already completed, and by positive appraisal progress on recent finds.

What's included?

This report includes 2 file(s)

  • Exploration volumes in 2015 on track, despite spending cuts PDF - 408.54 KB 5 Pages, 1 Tables, 3 Figures
  • Q1-Q3 2015 Exploration.xls XLS - 171.50 KB


This Oil and Gas Exploration Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie provides accurate and in-depth analysis to help you navigate the ever-changing challenges of oil and gas exploration so you can make key commercial decisions.

  • Executive summary
  • Exploration results Q1-Q3 2015
  • This year's results compared to 2014
  • Too early to see the new reality in exploration?

In this report there are 4 tables or charts, including:

  • Executive summary
  • Exploration results Q1-Q3 2015
    • Map of the 20 largest discoveries Q1-Q3 2015
    • Top 10 discoveries completed Q-Q3 2015
  • This year's results compared to 2014
    • Volumes discovered by water depth, Q1-Q3 2015
    • Volume upside after Q1-Q3 2014 initial view
  • Too early to see the new reality in exploration?
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