Renowned analyst Daljeet Singh Kohli, has recently articulated an optimistic stance towards the upstream segment of the oil and gas sector. His bullishness stems especially from the potential of new discoveries in this sector, enriching it with numerous possibilities...
1. Daljeet Singh Kohli, a known analyst, has recently expressed a positive outlook on the upstream segment of the oil and gas sector.
2. This optimism stems from the potential of new oil and gas discoveries and the use of novel exploration technologies.
3. Kohli believes these new discoveries could greatly increase value for investors within this sector.
4. There is a range of opportunities arising from the upstream processes, such as exploration, drilling, and extraction.
5. Technological advancements have allowed for cost-effective tapping into previously inaccessible or non-viable resources, strengthening Kohli's positive forecast for the upstream oil and gas sector.
In 2020, the upstream oil and gas sector spent approximately $383 billion on exploration and development activities worldwide.
Kohli's optimism is rooted in the potential uncovering of substantial reserves and the innovative exploration technologies now available to oil and gas companies. He sees a wealth of opportunities emerging from the sector's upstream activities, including exploration, drilling, and extraction. The primary focus of his bullishness centres around new oil and gas discoveries, which he believes could lead to significant value creation for investors. Furthermore, technological advancements are making it both possible and cost-effective to tap into previously inaccessible or non-viable resources. Thus, Kohli's forecast for the upstream oil and gas sector is decidedly promising.