There is a trend away from frontier oil and gas exploration towards finding more in less risky proven basins, fuelled by learning gleaned from studying the most successful petroleum basins in the world.
The Middle East is best known for its conventional oil and gas reserves, which have been a critical part of the world’s supply for nearly a century. Could the US shale revolution be transferred to the Middle East? Maybe – but geology is not the only factor in the shale revolution.
Ansgar Wanke, University of Namibia / Upstream Exploration Services Namibia
This year Namibia has again moved into the spotlight as major oil companies increased their presence along the Namibian margin, with plenty of onshore hydrocarbon potential just waiting for adventurous explorers.