Cheiron, an independent exploration and production company, has made a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez, Egypt
Exploration & Production
Exploration expenditure set to bounce back: Wood Mackenzie
Spending on exploration (excluding appraisal) will recover from historic lows to average US$22bn per annum in real terms over the next five years, according to a new report from Wood Mackenzie, although it is unlikely to reach past highs