Mar 29 2019
Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV. Both discoveries included partners who had paid a premium via a farm-in to participate in […]
Dec 11 2018
Westwood has analysed recent farm-in activity in the UK and Norway and reviewed how the resultant exploration drilling has performed compared to those wells which were not farmed-out. A detailed review of this analysis will be presented at the PROSPEX conference in London on Wednesday 12 December. Please visit us at Stand 36 to find […]
Jul 16 2018
Global conventional exploration farm-in/farm-out activity has reduced by around two thirds from 2012 to 2017, in line with the reduction in overall drilling activity. As activity levels have fallen, so have deal terms and costs. The average level of promote (i.e. the proportion above their equity interest that companies are willing to pay to access […]
Competition for the best exploration drilling opportunities remains intense. Westwood’s Farm-Outs service reduces the time it takes to identify deals and provides E&P companies with the vital information needed to succeed in the farm-out market, whether buying or selling.
“Our mission is to enable our clients to prosper in the global farm-out market by providing insights into market trends and the value of available opportunities” We deliver this through a web-based service covering the global market with deal by deal analysis, metrics and regular reports on market trends. Having analysed the global farm-outs market since 1999 with a database of over 3,500 farm-out deals, Farm-Outs offers unique screening and early assessment resources to characterise new venture opportunities.