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What is the next PNG hotspot?

Veteran

Robert Lattu Fpo, AP

In the past decade, we've seen the North Sea, Western Australia, Malaysia, and Bismark ND (Shale) really start producing.
What exploration area is ready for production next?

30 April 2020 1 reply Career Exploration

Answers

Advisor

Victoria Okotie Houston, TX

Robert, the prediction is that there would be a decline in exploration. Already many companies are slashing their capital budget. This is due to a combination of the pandemic, climate change pressures, oil industry transformation and oil prices. That being said, gas is still in demand. But global demand will continue to put pressure on companies investment strategies.

30 April 2020 Helpful answer

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