Global exploration shrinks amid shift to lower-risk core assets

GLOBAL oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and a possible ensuing oil market crash, Rystad Energy research shows.

Global exploration shrinks amid shift to lower-risk core assets Global exploration shrinks amid shift to lower-risk core assets Global exploration shrinks amid shift to lower-risk core assets Global exploration shrinks amid shift to lower-risk core assets Global exploration shrinks amid shift to lower-risk core assets