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The Hydrocarbon Exploration market is a subset of the Oil and Gas Exploration and Production industry. It involves the search for and evaluation of potential hydrocarbon resources, such as oil and natural gas, in order to determine their commercial viability. This process includes the use of geological, geophysical, and geochemical techniques to identify and assess the presence of hydrocarbons. Once a potential resource is identified, the exploration process may involve drilling and testing to determine the size and quality of the resource.
The Hydrocarbon Exploration market is highly competitive, with a range of companies operating in the sector. Major players include ExxonMobil, Chevron, Royal Dutch Shell, BP, Total, and Eni. Other notable companies include Anadarko Petroleum, ConocoPhillips, and Occidental Petroleum. Show Less Read more