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Exploration to stay down

OILERS will achieve double-digit returns this year and compete furiously for new acreage to replenish depleted inventories yet global oil exploration investments will drop again with well counts to stay “stubbornly low”, Wood Mackenzie says.

Exploration to stay down

The analysis comes fresh from Rystad Energy's revelation in the past month that 2017 set a new low in discovered conventional volumes. Wood Mackenzie believes the most favoured plays will be deep...

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