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Exploration volumes in 2015 on track, despite spending cuts

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28 October 2015

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.

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
  • Top 10 discoveries completed Q-Q3 2015
  • Volumes discovered by water depth, Q1-Q3 2015
  • Volume upside after Q1-Q3 2014 initial view

What's included

This report contains:

  • Document

    Exploration volumes in 2015 on track, despite spending cuts

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