This month’s Horizons reveals how the oil industry could unlock hundreds of billions of barrels of additional supply from the fields it already operates.
Meeting oil demand through mid-century will not come from new discoveries alone. Instead, the upstream sector will need to do much more with the resources it has. That may sound like a daunting challenge - but Wood Mackenzie’s new Synoptic AI-powered analysis shows where the upside lies.
By assessing recovery factors across every significant oil field worldwide, we uncover how existing resources could yield an extra 470 billion to more than 1 trillion barrels of oil. The findings are a game changer for energy security, operators’ investment decisions and global supply planning.
Uncertain futures require better foresight. This month’s Horizons report, Every last drop, uses AI to benchmark the true potential of the world’s oil fields, examining the implications for exploration, investment strategies, and the roles of NOCs and IOCs.
Key themes include:
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The size of the recovery gap: today’s fields fall short by almost 300 billion barrels under our base-case outlook.
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Where the upside is: AI-powered analysis identifies how much more existing fields could deliver.
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Who holds the key: NOCs control the lion’s share of upside potential, while IOCs will need new partnerships to access growth.
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The limits of technology: how far recovery factors can rise before hitting physical and commercial constraints.
Read the full report now to get the complete picture. Then, join us for Horizons Live, where our expert panel will debate the findings and answer your questions in a live Q&A.
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