In the past decade, we've seen the North Sea, Western Australia, Malaysia, and Bismark ND (Shale) really start producing.
What exploration area is ready for production next?
Answers
Robert, the prediction is that there would be a decline in exploration. Already many companies are slashing their capital budget. This is due to a combination of the pandemic, climate change pressures, oil industry transformation and oil prices. That being said, gas is still in demand. But global demand will continue to put pressure on companies investment strategies.
Your Answer
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