Every last drop: AI-powered analysis reveals oil industry’s trillion-barrel opportunity in existing fields
Every last drop: AI-powered analysis reveals oil industry’s trillion-barrel opportunity in existing fields Wood Mackenzie’s analysis using new AI-powered tools shows existing fields could yield 470 billion to over 1,000 billion additional barrels through proven recovery methods LONDON/HOUSTON/SINGAPORE, 18 September 2025 – The oil industry possesses a trillion-barrel opportunity within existing fields that could meet global demand through 2050 without major new discoveries, according to groundbreaking analysis from Wood Mackenzie. “The oil industry’s challenge is enormous,” said Andrew Latham, SVP Energy Research at Wood Mackenzie. “Total liquids demand under our base-case Energy Transition Outlook scenario is just less than 1 trillion