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Hydrocarbon exploration trends – is the past the key to the future?

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The steadily increasing world population and economic growth in the non-OECD countries will lead to an increase in global energy demand of around 40% by 2030. Despite relatively rapid growth in renewable energy sources, forecasts suggest that much of this demand will be met from conventional hydrocarbon sources. From an oil and gas perspective, what do the historical exploration trends tell us about the nature of oil and gas business in the future and its ability to meet this demand?

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