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Archer Knight
Powering Growth: Over 130 Active Investors Driving Valuations, Acquisitions, and Capital Deployment in Energy Services
Archer Knight: October 23, 2024
The North Sea Transition Authority (NSTA) has published the third Wells Insight Report.
The Report highlights significant opportunities remaining in the UK Continental Shelf despite a continued low level of well activity in 2021 as the industry recovered from the pandemic.
The report’s findings are based on an analysis of data from the 2021 UK Stewardship Survey, providing real insight into well activity in the basin.
Source NSTA - Wells Insight Report 2022
The report includes trends and performance benchmarks in three distinct well categories: exploration and appraisal (E&A), new development wellbores, and existing well stock activities.
The report reveals that 10 E&A wellbores were spudded in 2021, up from nine in 2020, but down considerably from 29 in 2019. Sixteen high probability E&A wells are planned in 2022.
Click the links below to access the report as either an interactive, searchable publication, or to download the pdf version.
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