Global Oil, Gas Exploration Spending Rises in 2023 But Discovered Volumes Falling – Rystad

Aug 3, 2023 | EARNINGS

MOSCOW (Sputnik) – Spending on conventional oil and gas exploration could exceed $50 billion this year, reaching the highest figure since 2019, but despite rising investment, the number of discovered fields is decreasing, Norwegian energy research and business intelligence company Rystad Energy said on Wednesday.

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