Related Articles
Forward article link
Share PDF with colleagues

10 lessons from a decade of exploration

Finding big oil has got harder. An industry veteran has some advice

International conventional exploration over the past decade has been a rollercoaster ride, beginning with optimism fuelled by an oil-price bonanza and new oil provinces opening in Brazil, Ghana and Uganda. This stimulated a frontier exploration drilling boom, and the creation of a new generation of exploration companies. It has ended with an oil-price crash, dramatic cuts in exploration budgets and soul searching across the industry. Reflecting on the past 10 years, the following are 10 lessons this observer has learned from watching and analysing the industry. Few are new and many may sound obvious but collectively, the industry seemed to forget or ignore them. The lessons have been groupe

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Malaysia awards another offshore block to Shell
29 July 2021
The major has been awarded another block by NOC Petronas, but government involvement remains vital
Shell greenlights Whale venture
29 July 2021
Gulf of Mexico FIDs may be waning, but latest approval shows they can still be viable
Governments in race to unlock potential of CCS
29 July 2021
Policymakers must ensure key technology for reaching net-zero sustains momentum over the next decade
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video