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High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, Westwood reports.
Westwood Global Energy Group reports that high impact drilling activity will pick up in the second half of the year, with between 80 and 90 high impact wells expected to have been drilled by the end of 2022, the highest number since 2019 when 98 high impact wells completed.
The Dana Reserve residential development project in Nipomo must be reduced
Westwood Global Energy Group reports that high impact drilling activity in 2021 was at a similar level to 2016-2018, with 74 wells completing. As in 2020, discovered resource in 2021 was dominated by a small number of large discoveries in Russia. Outside Russia, discoveries in 2021 were at the lowest level since at least 2008.
2020 high impact exploration and 2021 key wells to watch 11 Jan 2021 High impact exploration has weathered a perfect storm of a pandemic, an oil price crash and an accelerating energy transition, and enters 2021 with a substantial drilling programme that should at least match 2020 - according to High-impact exploration started well in 2020 with the first quarter seeing the highest number of wells completed since Q4 2014 and commercial success rates above 30%. It was not to last. The world changed in Q2 with the Covid-19 pandemic taking hold, seeing oil prices crash and exploration budgets s...