Global oil and gas discoveries 2015-2021
Global oil and gas discoveries amounted to 4.7 billion barrels of oil equivalent in the 11-month period from January to November 2021. This was the lowest value registered in decades, with the figure representing a decline of roughly 166 percent in comparison to the previous year. Worldwide discoveries of crude oil and natural gas have experienced a mostly downward trend since 2015, when the discovery volume reached a peak of some 20.3 billion billion barrels of oil equivalent.
