5P Exploration Business Cycle

I summarize the Exploration Business Cycle with my 5P terminology, passing from the regional scale of Plays and Portfolios, through the more focussed scale of an Exploration Programme and resultant Prospects, to the Post-mortems, from which learnings are carried forward into future phases of the cycle:

» Plays.

» Portfolios.

» Programmes.

» Prospects.

» Post-mortems.