Challenging times for global exploration

Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea.

West Africa could be set for another wave of exploration activity as oil and gas independents have taken up positions in some of the relatively less explored countries.

This article discusses the latest oil and gas industry figures released by Deloitte, which show that offshore exploration and appraisal activity is up by 75% on the last quarter.