Global Oil and Gas Discoveries Review
A total of 32 oil and gas
discoveries were made globally in Q1 2017. Of these, more than 65% are
conventional oil discoveries and the remaining are conventional gas. Among
regions, South America and Europe lead globally in terms of number of
discoveries followed by Asia and the Former Soviet Union. Among countries,
Norway, Russia, and Australia lead globally with highest number of discoveries
in the quarter. Majority of the discoveries this quarter are onshore, while
shallow water, deep-water and ultra-deep-water discoveries collectively
accounted for around 30% of the discoveries.
In Russia, all four discoveries yielded conventional oil in
the Volga-Ural basin. In Australia, one discovery yielded conventional oil and
two discoveries yielded conventional gas, all in Cooper/Eromanga basin. Statoil
ASA, ExxonMobil Corporation, and Oil and Natural Gas Corporation lead among the
operators with four, two, and two discoveries, respectively, in Q1 2017.