4 October 2019

The oil and gas exploration industry has fixed its broken economics and emerged from the recent oil price downturn in good health. But the industry is now much smaller, with fewer companies drilling fewer wells. New field volumes discovered have fallen to 70-year lows. New plays and frontiers are often at the heart of the improved profitability. Companies that are prepared to take greater exploration risks are reaping greater rewards. This E-Lecture reviews some of the most important new discoveries behind these trends, and considers the future outlook for the sector.

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