This is the twelfth edition of the State of Exploration report and it is published at a time which may come to be seen as a watershed moment in the global energy industry.
Exploration performance from farm-out wells is at a five-year high, with a 38% commercial success rate driven by improved performance in maturing/mature play wells across NW Europe.
Westwood’s detailed Global Floating Production Systems Market Report, covering major upcoming EPC contracts and market outlook, plus a regional view of activity, expenditure outlook and key macro indicators.
Westwood’s detailed Global Subsea Equipment Market Report, covering all the major subsea equipment lines by activity, expenditure outlook and key macro indicators.
This report reviews high impact discoveries made between 2008-2016 in 30 countries, which have neither been sanctioned for development nor had any appraisal activity since 2016.
The report covers the historic period of 2014-2019, wherein the land drilling rig market was severely impacted by the reduction in drilling activity seen during the previous downturn, particularly in the North American market.
