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Discover Ludwig"could well" is correct and usable in written English.
You can use this phrase to indicate that something is likely or probable. For example: "This decision could well have far-reaching consequences for the industry."
Exact(60)
This could well happen.
They could well be.
That could well be.
November could well prove difficult.
They could well be right.
This could well be true.
It could well happen again.
Even Yquem could well succumb.
That share could well increase.
There could well have been.
So it could well prove.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com