Exploration and appraisal wells in the UK North Sea
Westwood Global Energy reports that as of 29 September there were two appraisal wells and two exploration wells active in the UK.
Westwood Global Energy Group
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Westwood Global Energy reports that as of 1 February there was one exploration well and one appraisal well active in the UK, with no change since the last report.
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Exploration drilling activity expected to recover in 2021, says Westwood Global
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Early rig exit suggests no Finzean find
Westwood Global Energy reports that as of September 30 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
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BP highlights diverging views on the future of oil and gas, Westwood Global says
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Business case for exploration still exists, Westwood Global says
Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but has evaporated in the face of the Covid-19 crisis and the collapse in oil prices. Short term plans are in a state of flux and exploration strategy is being reset again.