Westwood details offshore hotspots for high-impact drilling in 2025

Feb. 5, 2025
High-impact exploration in 2025 is expected to remain stable, with QatarEnergy being the most active explorer and all eyes remaining on the Orange Basin, according to the latest Westwood Global Energy Group report.

Westwood Global Energy Group expects 65-75 high-impact wells to be drilled worldwide this year, with seven of these already completed by the end of January.

The line-up includes 21 frontier wells, with new plays to be tested in the Sabah, Rio Muni, Western Black Sea, Suriname-Guyana and Cauvery basins.

About 40% of the total wells will be on >100 MMboe prospects in mature and maturing plays, said Westwood exploration research manager Jamie Collard.

Offshore Africa, Westwood anticipates seven to 10 wells this year in the Orange Basin, notably Olympe-1X and Sagittarius-1X.

Azule Energy look set to drill Kianda-1 later this year in the outboard area of the Angolan portion of the Congo Basin, with further high-impact offshore drilling likely in the Namibe, Rio Muni and Tano basins.

In the US GoM, four high-impact subsalt Miocene tests should complete this year; of these, the Far South well is presently drilling. The Daenerys well will pursue an extension of the subsalt Miocene play.

Of the two wells foreseen offshore Cyprus this year, Elektra (currently drilling) is testing an extension of the Nile Delta Miocene play, while Pegasus will test the Cretaceous carbonate play. To the south offshore Libya, one well will probe a potential offshore extension of the Sirte Basin.

In the western Black Sea offshore Bulgaria, OMV Petrom will drill the Vinekh well aiming to prove an extension of the Sakarya gas play from Turkish waters.

Elsewhere, Collard said frontier wells could be spudded offshore South Korea on the Daewanggorae prospect as well as on Mailu offshore Papua New Guinea. Megah is a high-impact well in progress offshore Malaysia.

In India, ONGC and Oil India could drill up to six high-impact wells across the east coast and Andaman Islands basins.