This month one of our Principals, Andrew Lodge, chaired a Finding Petroleum event titled Finding New Exploration Ideas.
Andrew started the day by providing a summary of recent trends in exploration, and what the industry may need to regain interest in exploration. He noted that high price environments have led to bold frontier exploration, and some large volumes. However, it has been the barrels from mature basins that add the most value to companies. Andrew suggests this is where companies should focus their exploration efforts in order to replenish their reserves cost-effectively. The slides can be downloaded here.
The full agenda and other presentations from the event are available here.
Reflection by Vibhusha Raj Sharma