The Exploration Crisis: Why Oil & Gas Companies Are Finding Less While Demand Keeps Growing
Update: 2025-10-16
Description
In the newest episode of The Next Imperative, Geoff Angulo is joined by Andy Zagoren and John Norton to unpack the exploration crisis facing today’s oil & gas industry. They discuss why exploration success rates have dropped sharply over the past 15 years, how financial pressures and underinvestment have created a skills gap, and what companies can do to reverse the trend. The conversation also explores how data, AI, and cross-industry lessons can help revitalize exploration strategies for the future.
Read our recent whitepaper, “Tackling Challenges in Exploration” here: https://www.alvarezandmarsal.com/thought-leadership/tackling-challenges-in-exploration-driving-fundamental-change-in-strategy-and-execution
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