Insight

Back in the black: global exploration review of 2018

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Exploration is back making money with a long-overdue recovery to double-digit returns. Our latest view of exploration results confirms all the hard work to cut costs and commercialise discoveries is bearing fruit. We already see exploration returns of 13% in 2018, the highest calculated in well over a decade. As these discoveries are appraised and projects move through the development cycle, we can expect these economics to improve further.

Table of contents

Tables and charts

This report includes the following images and tables:

  • Full-cycle exploration returns 2009-2018
  • Exploration value creation 2009-2018
  • Volumes discovered
  • Volume growth over time
  • Volumes discovered by company in 2017
  • Volumes discovered by company in 2018
  • Large 2018 discoveries
  • Top 15 countries by conventional new field discovered volumes
  • Weighted average lead-time from discovery to first production

What's included

This report contains:

  • Document

    Back in the black_global exploration review of 2018.xlsx

    XLSX 134.33 KB

  • Document

    Back in the black: global exploration review of 2018

    PDF 1.07 MB