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

Also in this section
Latest licensing rounds
16 March 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
North Sea—life in the old dog
12 March 2018
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators
Nigeria targets local upstream players with marginal field round
7 March 2018
Reinvigorating production on acreage abandoned by the majors could be a tough task