Oil and Gas Discoveries in Q4 2016 – Key Highlights
- A total of 156 oil and gas discoveries were made globally in 2016. Of these 76 are conventional oil, 75 are conventional gas, three are unconventional gas, and two are unconventional oil.
- Globally a total of 12 oil and gas discoveries were made during Q4 2016. Of these, seven are conventional gas and five are conventional oil.
- South America leads globally with four discoveries among all the regions in Q4 2016. Europe and Oceania follow with three and two discoveries, respectively.
Among countries, Norway and Colombia lead globally with three discoveries each in Q4 2016. Pakistan and Australia follow with two discoveries each. The US and Bolivia had one discovery each in the quarter.
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Published: Jan 2017
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