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EXPLORATION

Onshore exploration returning

AMID a lack of rigs, seismic vessels and funding which have contributed to a decline in Australian exploration, EnergyQuest sees a glimmer of hope with a recovery in onshore exploration coming off the lowest level in four decades last year.

Haydn Black
LR4-1594.jpg

LR4-1594.jpg

Sixteen wells were drilled in the first quarter of 2017 compared to only seven in the December quarter 2016, with the recovery the highest quarterly total since 31 wells were drilled in late 2014, when...

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