Insight
What companies’ wildcats reveal about their oil and gas outlooks
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Most large oil and gas companies are at pains to stress their readiness for an accelerated energy transition. They are also busy with plans to drill over 130 high-impact exploration wells in deepwater alone. Many other 2022 wells will test large standalone prospects in shelf and onshore plays. These are long-dated investments. By analogy with the pace of commercialisation of some of the most-celebrated discoveries of recent years, 2022’s wildcats will take at least 10-12 years to achieve payback. Big explorers are betting on strong oil and gas demand, with prices to match, lasting until 2035 and beyond.
Table of contents
- Executive summary
- Long-dated exploration and demand scenarios
- High-impact exploration plans
- Time to exploration payback
- High-impact explorers are betting against an early decline in oil and gas demand
Tables and charts
This report includes the following images and tables:
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Oil supply and demand scenarios to 2050Gas supply and demand scenarios to 2050Deepwater exploration wells planned to spud in 2022
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Potential deepwater wildcats in 2022 by peer groupPotential deepwater wildcats in 2022 by operatorExploration payback for selected world-class discoveries completed 2015-2021
What's included
This report contains:
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