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Global oil discoveries 2011-2018

Published by Jessica Aizarani, Jan 31, 2023
The total volume of crude oil discoveries made worldwide in 2018 amounted to approximately 5.45 billion barrels of oil. The volume of oil discovered from 2015 onwards is notably smaller than the discoveries made in 2014 and in previous years due to decreased oil exploration as a result of the fall in oil prices that occurred. In 2021, the combined oil and gas discovery volume worldwide stood at 4.7 billion barrels of oil equivalent.

Crude oil discoveries worldwide from 2011 to 2018 (in billion barrels of oil)

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Release date

January 2020

Region

Worldwide

Survey time period

2011 to 2018

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Statistics on " Oil industry in the U.S. "

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Statistics on Oil industry in the U.S.

Overview

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Reserves & production

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Infrastructure

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Trade & prices

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Economic impact & companies

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Oil industry worldwide
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