By Fabio Palmigiani in Rio de Janeiro
OPINION: With oil prices approaching the $100-per-barrel threshold again, exploration activities are beginning to gain a new momentum around the world.
The latest seismic imaging tools mean that risk and reward are more calibrated than in the golden eras of wildcatting.
New offshore provinces in Guyana, the East Mediterranean and Namibia have thrown up big new resources with attractive characteristics from the point of view of commercial returns and driving down carbon intensity.