Westwood Global Energy Group has released its tenth annual State of Exploration Report, the definitive report covering global conventional oil and gas exploration.

Discovered volumes from high impact drilling fell overall by 50% in the 2014-2018 period compared to the previous five years. Portfolio renewal has become a critical issue for the industry and larger companies have responded by trying harder to open new plays through increased frontier drilling.

Frontier exploration, however, is not easy, and over the last five years only nine potentially commercial new plays have been opened with a success rate of just 6% – learn where the key plays are and what makes them work.

2018 high-impact discoveries and 2014-2018 high-impact exploration activity 

Leading companies are using the report to make smarter strategic decisions. Contact us to receive a table of contents for the report and information on how you can use the report to improve your exploration performance.

Report Summary

To purchase the State of Exploration Report or arrange a demo of our Wildcat service, please visit Westwood Global Energy or contact Rhona McFarlane; 

t: +44 (0)20 3794 5381   l   e: rmcfarlane@westwoodenergy.com 

KeyFacts Energy Industry Directory: Westwood Global Energy