Key Wells to Watch in 2021



Key Wells to Watch in 2021
Westwood Global Energy Group has highlighted 20 key wells to watch this year in a new insight piece posted on the company's website.

Westwood Global Energy Group has highlighted 20 key wells to watch this year in a new insight piece posted on the company’s website.

Two of the wells to watch – Venus offshore Namibia and Perseverance offshore Bahamas - are frontier basin tests which, if successful, can open multi billion barrel plays, according to Westwood. Seven of the 20 wells are said to be testing new plays in proven basins, or testing extensions of proven plays in deeper water, and six are said to be testing extensions to proven commercial deepwater plays with significant potential, albeit at some risk.

Five of the key wells are large prospects in proven plays which will be high value if successful, for example Edinburgh offshore UK and Dan Day offshore Vietnam, Westwood noted.

A full list of the 20 key wells to watch in 2021 can be seen below:

  • Stangnestind – Aker BP
  • Edinburgh – Shell
  • Pelles – CNOOC
  • Silverback – Chevron
  • Chimalli – Shell
  • Zip – Equinor
  • Perseverance – BPC
  • Bulletwood – Exxon
  • Bonboni – Total
  • Sergipe – Exxon
  • Nemo – Total
  • Venus – Total
  • Ondjaba – Total
  • Jaca – Galp
  • Cyp 6 – Eni
  • Ulcinj – Eni
  • Leb 9 – Total
  • N Khali – BP
  • Rencong – Repsol
  • Dan Day – Eni

“High impact exploration may have taken a few hits in 2020 from the ravages of a global pandemic, a crash in the oil price and the acceleration of the energy transition, but in no way is the game over,” Westwood said in a company statement posted on its website.

Westwood highlighted that 2020 closed with 72 high impact wells completed. This figure marked a decrease from the 99 high impact wells seen in 2019, but a similar level to those seen between 2016 and 2018, the company outlined.

Westwood estimates that around 17 billion barrels of oil equivalent were discovered from high impact exploration last year. This figure was said to be down slightly from 2019 but more than 2017 and 2018 put together. The company noted that the three largest discoveries of 2020 were all claimed by Rosneft in the Kara Sea and West Siberia.

Westwood is a leader in oil and gas market research and a provider of information, subscription services and research-led consultancy for the energy industry, its website states. The company - which has offices in London, Aberdeen, Faversham, Houston and Singapore - traces its roots back to 1990 with the formation of Douglas Westwood.

To contact the author, email andreas.exarheas@rigzone.com



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