Exploration Outlook: Key Oil, Gas Prospects to Watch Post-COVID

Despite spending cuts made across the oil and gas industry, some companies are moving ahead with plans to drill exploration wells.

(Source: Shutterstock.com)

(Source: Shutterstock.com)

Though spending cuts and the coronavirus pandemic have slowed the pace of oil and gas exploration this year, activity hasn’t ceased and discoveries are being made.

So far, there have been about 17 potentially commercial discoveries recorded this year from high-impact prospects targeting more than 100 million barrels of oil equivalent or frontier plays, according to Westwood Global Energy Group.

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers energy with a focus on renewables.