Portuguese 
English 
Spanish 
3 min of reading 
The Company Made A Projection Regarding The Future Of The Oil And Natural Gas Sector In 2023. Brazil And South America Will Be Highlights In Drilling New Wells For Fuel Exploration, Says Westwood Energy.
The global oil and natural gas sector is expected to continue its expansion throughout 2023. Westwood Energy is projecting this Thursday, (01/19), a strong highlight in South America regarding the drilling of new wells. The forecast is that the Suriname-Guiana Basin and offshore in Brazil will be key players for the sector’s expansion in the coming months.
Global Oil And Natural Gas Sector Will See The Drilling Of 75 To 85 High-Impact Wells In 2023, Highlights Westwood Energy
The year 2023 has just begun and is already generating discussions about the expansion of the oil and natural gas sector in the global market.
Westwood Energy has optimistic forecasts for the drilling of new wells in the coming months. According to them, the market will witness the opening of up to 85 new high-impact wells this year.
-
Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.
-
Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.
-
A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.
-
Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
This number aligns with what was recorded between 2020 and 2022. In 2022, according to the company, 81 high-impact wells were drilled.
Additionally, the company is projecting a significant highlight for South America, especially Brazil, particularly in the areas of the Suriname-Guiana Basin and offshore in the national territory.
For the future of well drilling in the national market, the highlights pointed out by Westwood Energy are Morpho (operated by Petrobrás in the Amazon Mouth Basin) and Ubaia (operated by TotalEnergies in the Campos Basin).
Westwood also states that Argentina will see its first deep-water well drilled in 2023.
In North America, activity in the oil and natural gas sector is expected to rise again. In 2022, only nine high-impact wells were drilled in the region, marking a quiet period in the sector.
Westwood Energy also expects that Africa will see wells in the emerging Orange Basin off the coast of Namibia, as well as frontier testing off the coasts of Morocco, Gabon, and Mozambique.
The Eastern Mediterranean will continue to grow in 2023, with the drilling of five new high-impact wells in the oil and natural gas sector.
Well Drilling Activity In Oil And Natural Gas Remained Stable Over The Last Two Years
Westwood Energy is anticipating significant growth in well drilling operations in 2023, following two stable years in the sector.
High-impact drilling in 2022 remained at a similar level to 2021, with the completion of 81 high-impact wells.
The year was also marked by major discoveries in the oil and natural gas sector, such as those made in Guyana and one in Suriname, which represented approximately 21% of the total resources discovered.
Conversely, frontier exploration drilling remained low for the year, with only 19 wells completed in 2022. The commercial success rate in emerging plays increased from 28% in 2021 to 46% in 2022, largely driven by improved performance in the Suriname-Guiana region.
Regarding the success rate in maturing plays, it decreased from 36% in 2021 to 30% in 2022. The companies that stood out in the well drilling segment in 2022 were CNOOC, Exxon, and Hess.
Now, Westwood Energy expects a promising year for well drilling operations in the oil and natural gas sector.
Seja o primeiro a reagir!