The phrase 'exploration prospects' is correct and usable in written English.
You can use it to refer to the potential opportunities or possibilities available through exploration or research. For example: "This year, our team is excited to explore new opportunities and investigate the wide range of exploration prospects."
That would leave investors with little or nothing.OGX was listed in 2008 on the basis of promising exploration prospects.
Osborne will also try to boost job and exploration prospects in the North Sea by changing the fiscal regime.
BP's rivals are also struggling to increase production, since nationalistic governments are increasingly inclined to exclude Western firms from the most promising exploration prospects.
Premier will also receive a 16.6% interest in the Cladhan discovery and interests in a number of exploration prospects, Coaster (100%), Tudor Rose (40%) and Spaniards (28%).
With exploration prospects drying up in much of the Western world, and with the countries of the Organisation of the Petroleum Exporting Countries unwilling to open the taps, Russia is one of the few countries that could produce more oil if only Mr Putin changed his thuggish ways.
There is still timing uncertainty on planed farm outs as management also realistically pointed out majors will require more clarity as to the base oil price before firming up capital programmes but, as we stated, large exploration prospects are necessary for long term reserves replacement for the majors and Chariot offers an abundance of these.
Management is equally skilled at exploration, prospecting, mining, controlling costs and arranging acquisitions and joint ventures, he said.
Libya is considered the second-most-important exploration prospect in the world this year, outranked only by Britain with its large fields in the North Sea, according to a list compiled in May by Fugro Robertson, a British energy consulting firm.
The news came as Dana announced it had found "no significant hydrocarbons" after completing drilling at the Magnolia exploration prospect.
A number of unconformity-related stratigraphic reservoirs were found in Xiazijie, Urho, Mabei, Xiaoguai and other regions (Wang et al. 2005), from which the oil and gas reserves accounts for 10% of the total reserves, indicating a good exploration prospect of stratigraphic reservoirs.
Not a "negotiation" but further exploration of prospects for joint work is anticipated with the CSOs of appropriate profile and capacity.
