Name: Exploration themes - 5 things to look for in 2020
Brand: Wood Mackenzie
SKU: 122132
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Author: Wood Mackenzie

Insight 16 December 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Here we assess the near-term outlook for global conventional exploration, highlighting five themes to look for in 2020. Exploration faces a growing battle for support as companies and investors question the need for new resources. The Majors are likely to remain prominent participants in high-impact exploration plays, although one or more might announce a strategic move away from wildcatting in favour of acquisition-led growth or new energy businesses. National Oil Companies have been slowly increasing their exploration market share and this trend looks likely to continue in 2020. Smaller players face the double whammy of waning investor appetite and, even when they are successful, fewer industry buyers for their pre-FID discoveries.</div>
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        1. Exploration faces a growing battle for support
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        2. Moving from acreage rebuild to portfolio drill-out
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        3. Latin America and Africa will be key, especially around the South Atlantic margins
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        4. Exploration’s leavers and joiners - watch for some big strategic moves
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        5. Staying tough for smaller explorers unable to fund their programmes
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<p class="font-regular" >Exploration themes - 5 things to look for in 2020</p>
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