Finding and producing oil require that a company executes exploration campaigns that deliver on the set objectives. There must be a proper strategy including sustainable operations good leadership to ensure that the exercise is safe and sustainable. The process is tedious and commences at the point where exploration activities are carried out. The objective of the activities is to identify areas rich in oil.
Once this is done, it moves to the next stage where the identified land is acquired and environmental assessment conducted. The viability of the project is then carried out to determine whether it is viable to exploit the resources or not. The project is then assessed to find out if it meets the criteria of low risk and cost before the actual production starts.