Westwood’s analysis of 3 E&P peer groups – the five Supermajors, four selected National Oil Companies (“NOCs”) and 17 selected US Shale producers, suggests that 2021 capital expenditures are likely to remain relatively flat or decrease slightly compared to 2020, at a US$50/bbl Brent (US$45/bbl WTI) oil price assumption.
Global Exploration and Appraisal
Renowned for the quality of our technical data delivered by a team of experienced and highly qualified geo-scientists, associates and advisors, our global E&A solutions help improve performance in oil and gas discovery.
We track global E&A operations at country and company level, as well as providing granular data about individual basins. Our expert team draws on its own exploration experience – often at VP level – to help businesses understand the principle risks they face as well as what drives exploration performance. We also provide well failure analysis in order to improve success rates in the future.
E&A Product Solutions
The Wildcat product suite, accompanied by deep technical and commercial analysis, underpins decision-making from acreage access to drilling and appraisal, and helps E&P companies improve exploration performance.
E&A Commercial Advisory
We offer a range of advisory services to clients in the global E&A sector, that builds upon our subscription and data-led solutions. Our core areas of focus are: exploration strategy formulation and implementation, performance benchmarking, and new ventures strategy.
High-impact, post-2008 exploration
wells analysed for up-to-date insight
Farm-out deal terms covered
Appraisals of asset-performance data
Completed exploration and
appraisal wells’ data analysed
“Your insight – ‘Jubilee to Liza, the keys to unlocking commercial success’ – provided lots of value to us, indeed you have the most comprehensive well coverage of the play”Oil and Gas Exploration CompanyDirector