Matter of Perspective - E and P Strategy in a Changing World

摘要

This presentation states that the exploration and production industry sees many new opportunities, as a result of political changes and its own expanding capabilities. There is increasing competition for scarce resources - people, tools, technology, capital and public support. The industry must meet pressing challenges, including low oil prices and changing societal expectations. Investors seek predictable terms that are appropriate for both global and local conditions. They have to assess the risks, value the opportunities, consider whether they have the necessary resources, and satisfy themselves they can maintain standards. Their choices are constrained by economic conditions and commercial realities