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Oil prospectors shifting focus back to wealthy, more predictable countries

Screen Shot 2014-03-10 at 23.56.16Extracts from a Seeking Alpha article published 28 July 2014

Companies including Shell, Chevron and Exxon are diverting more and more funds to the world’s richest economies, as they grow tired of the risks of working in violent and corrupt places for the reward of finding oil and gas reserves that can be profitably exploited… The companies are pulling out of more conflict-torn and difficult regions: Shell since 2010 has sold $1.8B of its Nigerian assets and last year began talks to sell four oil production blocks and a pipeline there.


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