The majority of oil and gas drilling by publicly-traded oil supermajors is focused on ultra-deepwater extraction sites. In February 2024, around 43 percent of all wells drilled by these companies were classified as ultra-deepwater. By comparison, land drilling only accounted for 14 percent of drilling activity that month.
Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth
Figures reflect drilling activity by oil supermajors BP, Chevron, Eni, ExxonMobil, Shell, and TotalEnergies.
Water depth was not further defined by the source. However, deepwater drilling is generally understood as all activity below 610 meters/2,000 feet, with ultra-deepwater drilling beginning at 1,830 meters/6,000 feet.
Missing points to 100 percent are likely due to rounding.
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Rystad Energy. (February 28, 2024). Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/
Rystad Energy. "Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth." Chart. February 28, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/
Rystad Energy. (2024). Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/
Rystad Energy. "Distribution of Oil and Gas Drilling Activity by Oil Supermajors Worldwide in February 2024, by Water Depth." Statista, Statista Inc., 28 Feb 2024, https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/
Rystad Energy, Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth Statista, https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/ (last visited November 22, 2024)
Distribution of oil and gas drilling activity by oil supermajors worldwide in February 2024, by water depth [Graph], Rystad Energy, February 28, 2024. [Online]. Available: https://www.statista.com/statistics/1451662/global-oil-and-gas-drilling-by-water-depth/
