Tuesday 2 April 2019

Exploration started with a bang in 2019 with a frontier discovery by a Total led joint venture at Brulpadda in South Africa, which follows the hugely successful play opening Liza discovery in Guyana in 2015 by an Exxon led JV. Both discoveries included partners who had paid a premium via a farm-in to participate in the well. These high-profile successes for the farm-out model should catalyse a recovery in the global farm-out market.

The full Westwood Global Energy Group insight can be found here.