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Exploration & Development: New thinking confronts the ‘brain drain’
01/01/2007
Expect 2007 to be a strong year for exploration and development worldwide.Among the challenges: Discovering economic oil and gas fields, profitably developing existing discoveries, tapping technology to improve exploration and recovery economics, contending with the so-called brain drain in the geosciences, and dealing with the rise of national oil companies. Some explorers believe most discoveries will come in areas previously off-limits to exploration. Others believe they will occur in areas already drilled and written off for sound reasons. These finds, they say, will be the product of new exploration thinking.The size of the resource base seems to be the least of problems. The world t...
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