Buyer beware! Exploration often disappoints on farmed out acreage

Westwood notes such high impact wildcats typically are less successful or encounter fewer reserves

Bucking the trend: Hess and CNOOC tasted success with their farm-in to ExxonMobil's now-producing Stabroek field offshore Guyana.
Bucking the trend: Hess and CNOOC tasted success with their farm-in to ExxonMobil's now-producing Stabroek field offshore Guyana.Photo: EXXONMOBIL
Published 8 March 2023, 00:55Updated 8 March 2023, 08:04