Insight

What companies’ wildcats reveal about their oil and gas outlooks

10 February 2022

Get this report

$1,300

You can pay by card or invoice

Share link

Contact us

Submit your details to receive further information about this report.

First name
Last name
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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.

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