The Most Active International NOC HI Explorers



The Most Active International NOC HI Explorers
Equinor is the NOC that has posted the most international gross high impact (HI) exploration well completions since 2008.

Equinor is the NOC that has posted the most international gross high impact (HI) exploration well completions since 2008, according to new research from Westwood Global Energy Group (Westwood).

The company registered 92 international gross HI exploration well completions from 2008 to the end of July 2019, according to the research, which showed CNOOC as the second placed NOC with 33 international HI exploration well completions and Petronas in third with 32 international HI exploration well completions.

A list of the top 10 NOCs, as highlighted by Westwood, can be seen below.

NOC

International Gross HI Exploration Well Completions Since 2008

Equinor

92

CNOOC

33

Petronas

32

Petrobras

26

KNOC

19

PTTEP

17

Sinopec

16

Ecopetrol

13

ONGC

11

KOGAS

(unspecified, but lower than 11)

 

NOCs have participated in 270 high impact exploration wells outside of their home country since 2008, according to Westwood. The company, which noted that this is around 23 percent of the global high impact well total, revealed that the nine most active NOCs have spent a combined $7 billion and discovered a net commercial volume of around six billion barrels of oil equivalent. 

Westwood delivers independent information, research and consulting services for global energy markets, according to its website. Earlier this month, Westwood highlighted that 2019 high impact discoveries already exceeded the whole of 2018.

To see a list of the top 10 ideal NOC employers, as highlighted in Rigzone’s latest annual ideal employer survey, click here. To contact the author, email andreas.exarheas@rigzone.com



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