Insight
Exploration quietly recovering
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Conventional exploration spend nosedived during the pandemic. We see a quiet recovery over the next five years, led by Majors and NOCs. Emerging deepwater provinces will attract increasing levels of spend. Non-IOCs (such as conglomerates and small, local independents) still have an important role to play. They explore in places less accessible, or less attractive, to IOCs. Where they explore has shifted over the past decade.
Table of contents
- Executive summary
- What do we think the next five years of exploration will look like?
- NOCs and Majors to become even more dominant
- Many tailwinds boost exploration spend
- But constraints put a ceiling on ultimate exploration spend
- Is exploration spend high enough?
Tables and charts
This report includes the following images and tables:
- Exploration spend 2000-2027
- Deepwater future exploration spend estimate by region
- Exploration spend by peer group
- Proportion of exploration spend by peer group
- Development and exploration spend combined
- Tailwinds and constraints for exploration spend
What's included
This report contains:
Other reports you may be interested in
Asset Report
CPO 5 Area
The CPO-5 block is a prominent oil and gas exploration and production area located in Colombia's Llanos Basin, a prolific ...
$3,720
Asset Report
Browse LNG - upstream
Browse is a proposed LNG backfill development from three offshore gas/condensate fields: Torosa, Brecknock and Calliance.
$6,900
Asset Report
Blacktip
The Blacktip gas field is located in the Bonaparte Basin, around 245 kilometres southwest of Darwin. It was discovered by Shell.
$3,720
