Globally, 80 oil and gas discoveries were witnessed during the January to June period. Of these 41 are conventional gas, 36 are conventional oil, two are unconventional gas and one is unconventional oil.
Among companies, Statoil ASA, Oil and Natural Gas Corporation, and Oil & Gas Development Company Ltd had the highest number discoveries in the first half of 2016 at five each. SapuraKencana Petroleum Berhad, Santos Ltd., Oil & Gas Development Company Ltd., Statoil ASA., Oil and Natural Gas Corporation, Pakistan Petroleum Limited, and MOL Group had two discoveries each in Q2 2016, the highest among all the operators. Santos Ltd. followed with four discoveries.
In Q2 2016, Pakistan had the highest number of discoveries at eight. The US and Norway had the second highest number of discoveries, with four each. Asia leads the world with 15 discoveries in the quarter. Africa and Europe had seven discoveries each.Pakistan and Australia had 12 and 10 discoveries respectively in the first two quarters of 2016, the highest among all countries in the world. Asia and Africa also lead the world in terms of number of discoveries in H1 2016 with 31 and 15 respectively. Oceania and Europe follow with 11 and 9 discoveries. In Australia, nine of the 10 discovery wells were drilled in the Carnarvon Basin, the Cooper Basin and the Cooper/Eromanga Basin. The remaining discovery well drilled in the Canning Basin yielded conventional oil.
GlobalData’s latest Oil & Gas Intelligence report Q2 2016 Global Oil and Gas Discoveries Review – Discovery Success Continues in Pakistan, will help you obtain most up to date information available on oil and gas discoveries across the world; facilitate decision making on the basis of strong discoveries data and develop business strategies with the help of specific insights on the oil and gas discoveries data.
Price: $1,500 (Single User License)
Published: Sept -16
Report Format: electronic pdf