Saturday, May 28, 2016

44% Company in The World Will Not Increasing Oil and Gas Exploration

PwC survey about company exploration plan.

A recent survey from PricewaterhouseCoopers (PwC) tell that in 3 years, many company will not increasing their oil or gas exploration. In Indonesia, a country which famous which have natural resource wealth only 20% company will increasing exploration. The rest, 61% will not,  and 19% have no answer.

From Bre-x, Sebungkah Emas di Kaki Pelangi, an investigative journalism report by Bondan Winarno explain that gold exploration requires hard work and capital which are not the least, with the possibility of failure is high. I think, oil and gas exploration have same condition.

Sometimes, anthropologist is more meaningful than geologists in exploration industries. Approach the community of oil panners cheaper than gambling with oil deposits. Company prefer to follow on deposits were discovered by accident.

But maybe I could be wrong, This may show the world trend toward renewable energy. No more exploration, for sustainable world.

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