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What companies’ wildcats reveal about their oil and gas outlooks

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10 February 2022

What companies’ wildcats reveal about their oil and gas outlooks

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 6 images and tables including:

  • Oil supply and demand scenarios to 2050
  • Gas supply and demand scenarios to 2050
  • Deepwater exploration wells planned to spud in 2022
  • Potential deepwater wildcats in 2022 by peer group
  • Potential deepwater wildcats in 2022 by operator
  • Exploration payback for selected world-class discoveries completed 2015-2021

What's included

This report contains:

  • Document

    What companies’ wildcats reveal about their oil and gas outlooks

    PDF 1.63 MB