Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?

Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the need for a new wave of exploration firms to be created and for existing companies to return to drilling activities, if exploration endeavors are to increase in the future. The post Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards? appeared first on Offshore Energy.

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