After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy. Improved market conditions and lower well costs have led E&P players to ramp up their 2019 exploration activities in all parts of the world, but driven in particular by rising investments in South America and Africa. “Renewed optimism in exploration activities is anticipated in 2019, with operators from various segments…
