Global exploration has more than 30 years of life left – Guyana remains top destination - Panorama Insurance Brokers

Global exploration has more than 30 years of life left – Guyana remains top destination

Major oil and gas explorers around the world expect at least three decades of exploration still to come and see this lasting beyond 2050 even as the global COVID-19 pandemic and slashed oil prices have caused companies to readjust their outlook and future investment plans.

There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration.

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