The exploration industry has fought its way back to profitability, and is now keen to stay there. Explorers will continue their disciplined and cautious approach to ensure spending remains low and value from discovered barrels is maximised. Read more on the outlook for global conventional exploration, highlighting the following five themes to watch in 2019: • Success will remain largely a West Side Story – can Africa start to catch up the Americas? • Big exploration stays an exclusive club – how might the corporate landscape evolve? • Budgets remain flat while activity edges up – will any companies break ranks? • Exploration profitability continues – are the improvements of the past two years here to stay? • Growing trend of public and government opposition – will the exploration bans spread?