Whether 2022 proves to be a pivotal year for new hydrocarbon discoveries remains to be seen, but operators will be hoping for a reversal of fortunes after a year which saw global oil and gas discoveries head towards their lowest level for seven decades.

Consultant Westwood Energy Global's outlook for 2022 drilling plans forecasts 70 to 80 high-impact wells are expected to complete in the year, a similar level to 2020-2021.

Hot spots for drilling this year will be mostly in South America, particularly in the Suriname-Guyana basin and offshore Brazil.