In 2011-2015, the Majors together spent an average of US$16 billion a year on exploration & appraisal. Since then it's shrunk by two-thirds, dipping to just US$5 billion in the crisis of 2020. https://t.co/raj5TVrA6L
— Robert Clarke (@RobertClarke_WM) May 27, 2021
via Twitter https://twitter.com/RobertClarke_WM
May 27, 2021 at 08:07PM
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