Publication Name: PESA News
Publication Issue: 157
Date Published: June 2020
Number of Pages: 12-15
Abstract:
From the significant decline in exploration across 2015-2016, we were beginning to see a slight uptick in exploration activities as the price of oil gradually rose. Although, 2019 did not show the expected progression of this trend, company activities did remain high, albeit more development focused. Perhaps the more pertinent question now lies with how will the remainder of 2020 play out with the impacts of a low pricing environment and the impacts felt from coronavirus disease 2019 (COVID-19)?