Analysis of the world oil and gas exploration situation in 2021

The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time. Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Lirong DOU [verfasserIn] Zhixin WEN [verfasserIn] Jianjun WANG [verfasserIn] Zhaoming WANG [verfasserIn] Zhengjun HE [verfasserIn] Xiaobing LIU [verfasserIn] Ningning ZHANG [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch ; Chinesisch

Erschienen:	2022

Schlagwörter:	exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water

Übergeordnetes Werk:	In: Petroleum Exploration and Development - KeAi Communications Co., Ltd., 2018, 49(2022), 5, Seite 1195-1209
Übergeordnetes Werk:	volume:49 ; year:2022 ; number:5 ; pages:1195-1209

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc

DOI / URN:	10.1016/S1876-3804(22)60343-4

Katalog-ID:	DOAJ086852043

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allfields_unstemmed	10.1016/S1876-3804(22)60343-4 doi (DE-627)DOAJ086852043 (DE-599)DOAJ9289cc7c646d4cb782bb40d0f7f78279 DE-627 ger DE-627 rakwb eng chi TP690-692.5 Lirong DOU verfasserin aut Analysis of the world oil and gas exploration situation in 2021 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time. exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water Petroleum refining. Petroleum products Zhixin WEN verfasserin aut Jianjun WANG verfasserin aut Zhaoming WANG verfasserin aut Zhengjun HE verfasserin aut Xiaobing LIU verfasserin aut Ningning ZHANG verfasserin aut In Petroleum Exploration and Development KeAi Communications Co., Ltd., 2018 49(2022), 5, Seite 1195-1209 (DE-627)588778257 (DE-600)2471051-9 18763804 nnns volume:49 year:2022 number:5 pages:1195-1209 https://doi.org/10.1016/S1876-3804(22)60343-4 kostenfrei https://doaj.org/article/9289cc7c646d4cb782bb40d0f7f78279 kostenfrei http://www.sciencedirect.com/science/article/pii/S1876380422603434 kostenfrei https://doaj.org/toc/1876-3804 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_187 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_647 GBV_ILN_702 GBV_ILN_2004 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 49 2022 5 1195-1209
allfieldsGer	10.1016/S1876-3804(22)60343-4 doi (DE-627)DOAJ086852043 (DE-599)DOAJ9289cc7c646d4cb782bb40d0f7f78279 DE-627 ger DE-627 rakwb eng chi TP690-692.5 Lirong DOU verfasserin aut Analysis of the world oil and gas exploration situation in 2021 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time. exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water Petroleum refining. Petroleum products Zhixin WEN verfasserin aut Jianjun WANG verfasserin aut Zhaoming WANG verfasserin aut Zhengjun HE verfasserin aut Xiaobing LIU verfasserin aut Ningning ZHANG verfasserin aut In Petroleum Exploration and Development KeAi Communications Co., Ltd., 2018 49(2022), 5, Seite 1195-1209 (DE-627)588778257 (DE-600)2471051-9 18763804 nnns volume:49 year:2022 number:5 pages:1195-1209 https://doi.org/10.1016/S1876-3804(22)60343-4 kostenfrei https://doaj.org/article/9289cc7c646d4cb782bb40d0f7f78279 kostenfrei http://www.sciencedirect.com/science/article/pii/S1876380422603434 kostenfrei https://doaj.org/toc/1876-3804 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_187 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_647 GBV_ILN_702 GBV_ILN_2004 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 49 2022 5 1195-1209
allfieldsSound	10.1016/S1876-3804(22)60343-4 doi (DE-627)DOAJ086852043 (DE-599)DOAJ9289cc7c646d4cb782bb40d0f7f78279 DE-627 ger DE-627 rakwb eng chi TP690-692.5 Lirong DOU verfasserin aut Analysis of the world oil and gas exploration situation in 2021 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time. exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water Petroleum refining. Petroleum products Zhixin WEN verfasserin aut Jianjun WANG verfasserin aut Zhaoming WANG verfasserin aut Zhengjun HE verfasserin aut Xiaobing LIU verfasserin aut Ningning ZHANG verfasserin aut In Petroleum Exploration and Development KeAi Communications Co., Ltd., 2018 49(2022), 5, Seite 1195-1209 (DE-627)588778257 (DE-600)2471051-9 18763804 nnns volume:49 year:2022 number:5 pages:1195-1209 https://doi.org/10.1016/S1876-3804(22)60343-4 kostenfrei https://doaj.org/article/9289cc7c646d4cb782bb40d0f7f78279 kostenfrei http://www.sciencedirect.com/science/article/pii/S1876380422603434 kostenfrei https://doaj.org/toc/1876-3804 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ SSG-OLC-PHA GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_187 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_647 GBV_ILN_702 GBV_ILN_2004 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 49 2022 5 1195-1209
language	English Chinese
source	In Petroleum Exploration and Development 49(2022), 5, Seite 1195-1209 volume:49 year:2022 number:5 pages:1195-1209
sourceStr	In Petroleum Exploration and Development 49(2022), 5, Seite 1195-1209 volume:49 year:2022 number:5 pages:1195-1209
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topic_facet	exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water Petroleum refining. Petroleum products
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container_title	Petroleum Exploration and Development
authorswithroles_txt_mv	Lirong DOU @@aut@@ Zhixin WEN @@aut@@ Jianjun WANG @@aut@@ Zhaoming WANG @@aut@@ Zhengjun HE @@aut@@ Xiaobing LIU @@aut@@ Ningning ZHANG @@aut@@
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topic_title	TP690-692.5 Analysis of the world oil and gas exploration situation in 2021 exploration investment exploration situation new discoveries favorable exploration areas overseas oil and gas exploration deep water
topic	misc TP690-692.5 misc exploration investment misc exploration situation misc new discoveries misc favorable exploration areas misc overseas oil and gas exploration misc deep water misc Petroleum refining. Petroleum products
topic_unstemmed	misc TP690-692.5 misc exploration investment misc exploration situation misc new discoveries misc favorable exploration areas misc overseas oil and gas exploration misc deep water misc Petroleum refining. Petroleum products
topic_browse	misc TP690-692.5 misc exploration investment misc exploration situation misc new discoveries misc favorable exploration areas misc overseas oil and gas exploration misc deep water misc Petroleum refining. Petroleum products
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title	Analysis of the world oil and gas exploration situation in 2021
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title_full	Analysis of the world oil and gas exploration situation in 2021
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author_browse	Lirong DOU Zhixin WEN Jianjun WANG Zhaoming WANG Zhengjun HE Xiaobing LIU Ningning ZHANG
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title_sort	analysis of the world oil and gas exploration situation in 2021
callnumber	TP690-692.5
title_auth	Analysis of the world oil and gas exploration situation in 2021
abstract	The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time.
abstractGer	The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time.
abstract_unstemmed	The global exploration investment, new oil and gas discoveries, exploration business adjustment strategies of oil companies in 2021, and future favorable exploration domains are systematically analyzed using commercial databases such as IHS and public information of oil companies. It has been found that the world oil and gas exploration situation in 2021 has continued the downturn since the outbreak of COVID-19. The investment and drilling workload decreased slightly, but the success rate of exploration wells, especially deepwater exploration wells, increased significantly, and the newly discovered reserves increased slightly compared with last year. Deep waters of the passive continental margin basins are still the leading sites for discovering conventional large and medium-sized oil and gas fields. The conventional oil and gas exploration in deep formations of onshore petroliferous basins has been keeping a good state, with tight/shale oil and gas discoveries made in Saudi Arabia, Russia, and other countries. While strengthening the exploration and development of local resources, national, international, and independent oil companies have been focusing on major overseas frontiers using their advantages, including risk exploration in deep waters and natural gas. Future favorable exploration directions in the three major frontiers, the global deep waters, deep onshore formations, and unconventional resources, have been clarified. Four suggestions are put forward for the global exploration business of Chinese oil companies: first, a farm in global deepwater frontier basins in advance through bidding at a low cost and adopt the “dual exploration model” after making large-scale discoveries; second, enter new blocks of emerging hot basins in the world through farm-in and other ways, to find large oil and gas fields quickly; third, cooperate with national oil companies of the resource host countries in the form of joint research and actively participate exploration of deep onshore formations of petroliferous basins; fourth, track tight/shale oil and gas cooperation opportunities in a few countries such as Saudi Arabia and Russia, and take advantage of mature domestic theories and technologies to farm in at an appropriate time.
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title_short	Analysis of the world oil and gas exploration situation in 2021
url	https://doi.org/10.1016/S1876-3804(22)60343-4 https://doaj.org/article/9289cc7c646d4cb782bb40d0f7f78279 http://www.sciencedirect.com/science/article/pii/S1876380422603434 https://doaj.org/toc/1876-3804
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