- The year 2020 witnessed several majors announcing plans to reduce greenfield exploration as they seek to rationalize their portfolios and transition to alternative energy sources.
- Nevertheless, exploration is continuing throughout the globe with several key wells planned for 2021.
- The investment decisions to drill some of these higher risk wells will remain fluid, largely based upon budget priorities, nevertheless we have adopted a realistic approach in our outlook as to the timing of these wells going ahead.
For further details see:
High Impact Wells Outlook For 2021