Africa and Latin America set to lead high-impact well drilling in 2024, eyeing rebound after poor 2023By Rystad EnergyThe upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities. This would be a sizeable jump from the 27 high-impact wells drilled last year, and operators will hope for a better success rate. Only eight of the 27 high-impact wells drilled in 2023 resulted in commercially movable volumes, a success rate of less than 30%, well below the annual average of 42%. These high-impact wells accounted for 20% of the 5Billion BOE discovered by all exploration activities globally last year. In Latin America, a frontier well planned for offshore Argentina would be the first drilled well in the Argentine Basin.
