Shrinking discovered volumes, rising oil and gas demand, and a renewed focus on energy security have driven the global oil and gas industry to refocus on frontier regions in pursuit of new discoveries essential for sustaining long-term growth. The peer group of six global majors – ExxonMobil, Shell, TotalEnergies, BP, Chevron, and Eni – is responsible for about 20% of the total conventional oil and gas volumes discovered since 2020. These companies possess the technical skills and financial muscle needed t ...