{"id":16461,"date":"2024-06-06T08:00:34","date_gmt":"2024-06-06T07:00:34","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=16461"},"modified":"2025-04-17T13:05:24","modified_gmt":"2025-04-17T12:05:24","slug":"the-state-of-exploration-2024","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/reports\/the-state-of-exploration-2024","title":{"rendered":"The State of Exploration 2024"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][tabbed_section style=”default” tab_change_animation=”fade” alignment=”left” spacing=”default” tab_color=”Accent-Color” vs_content_animation=”fade” vs_link_animation=”opacity” vs_navigation_alignment=”left” vs_navigation_width_2=”25%” vs_navigation_func=”default” vs_navigation_width=”regular” vs_navigation_spacing=”15px” vs_navigation_mobile_display=”visible” vs_tab_spacing=”5%”][tab icon_family=”none” title=”Report Overview” id=”1744891477190-6″ tab_id=”1744891477190-10″][vc_column_text]The fifteenth edition of this report reviews conventional exploration performance between 2019 and 2023. Significant discoveries in 2023 are reviewed, and performance trends by basin, play and company are analysed. The report benchmarks company activity, strategy and performance, to understand the drivers behind exploration performance.[\/vc_column_text][image_with_animation image_url=”16464″ image_size=”full” animation_type=”entrance” animation=”Fade In” animation_easing=”default” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”][vc_column_text]\n
Left \u2013 High impact exploration discovered resource & success rates, 2019-2023.
\nRight \u2013 Performance metrics for most active high impact explorers, 2019-2023.
\nSource: Westwood’s State of Exploration Report 2024<\/h6>\n

Inform exploration strategy with the latest insights on the key drivers behind exploration activity and performance:<\/p>\n