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APO Group - Africa Newsroom / Press release | Oil Companies Still Have Vital Role to Play in African Energy (By NJ Ayuk)

With hopes up after 2020 s success, Africa and the Americas host most of the top 30 high-impact wells for 2021

energy-pedia general news With hopes up after 2020’s success, Africa and the Americas host most of the top 30 high-impact wells for 2021 - Rystad Energy 08 Feb 2021 Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41% from 32% in 2019 and pushed discovered volumes to 3.2 billion barrels of oil equivalent (boe), a four-year high. High-impact wells represented almost one-third of all conventional resources discovered last year, mainly because most of the wells targeting large offshore prospects were drilled as planned.

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