1. Subsurface 2025 outlook
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2025 OUTLOOK

Subsurface predictions and wells to watch in 2025

Our pick of the themes that will shape exploration for both oil & gas and geothermal resources in 2025 – plus, the wells to watch, including those that will target frontier basins and underexplored plays.

In the full reports:

  • Uptick in deepwater wildcats ahead? 
  • Will governments succeed in attracting exploration cash flow? 
  • How will power-hungry AI grow the geothermal market? 
  • The hunt for advantaged resources continues  
  • And more.  

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1 minute read

Kate Adie

Research Analyst, Subsurface

Kate is a key contributor to our global research on established and developing geoenergy technologies.

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Michael Egbuna

Research Analyst, Subsurface

Michael focuses on developing discovered resource intelligence and insights.

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Annick Adjei

Senior Research Analyst, Subsurface (New Energies)

Annick is instrumental in advancing Wood Mackenzie’s geothermal solution.

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Sharvnee Mohan

Research Analyst, Subsurface

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View Sharvnee Mohan's full profile
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Calum Knowles

Research Analyst, Subsurface

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Exploration for conventional (oil and gas) and low carbon (geothermal) subsurface resources remain a core focus for the energy industry in 2025. Advantaged resources – those with the strongest economics and lowest carbon emissions – will remain an integral part of companies' portfolios, helping to improve the sustainability and resilience of their barrels. And early movers in emerging geothermal markets are rapidly proving up technologies capable of unlocking previously inaccessible geothermal resources.

Drawing on insight from Lens Subsurface, our experts share their take on the hottest topics in this space in the year ahead, and how they might shape the future of the industry in Subsurface: 5 things to look for in 2025.

And in Wells to watch 2025, we take a deep dive into 30 select, conventional exploration wells, that we expect to provide some of the best-advantaged resources of the year. Plus, we highlight low-carbon technologies, where significant growth potential exists, in both the conventional and next-generation geothermal industries and, burgeoning natural hydrogen.

Get your complimentary copies of both reports:

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