Exploration volumes in 2015 on track, despite spending cuts

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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

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    Exploration volumes in 2015 on track, despite spending cuts

    PDF 408.54 KB

Table of contents

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

Tables and charts

This report includes 4 images and tables including:


  • Map of the 20 largest discoveries Q1-Q3 2015
  • Volumes discovered by water depth, Q1-Q3 2015
  • Volume upside after Q1-Q3 2014 initial view


  • Top 10 discoveries completed Q-Q3 2015

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