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.
Volume of crude oil and natural gas discoveries worldwide from 2015 to 2021
(in billion barrels of oil equivalent)
Characteristic
Discoveries in billion barrels of oil equivalent (boe)
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Rystad Energy. (December 20, 2021). Volume of crude oil and natural gas discoveries worldwide from 2015 to 2021 (in billion barrels of oil equivalent) [Graph]. In Statista. Retrieved June 25, 2022, from https://www.statista.com/statistics/1291416/oil-and-gas-discovery-volume-worldwide/
Rystad Energy. "Volume of crude oil and natural gas discoveries worldwide from 2015 to 2021 (in billion barrels of oil equivalent)." Chart. December 20, 2021. Statista. Accessed June 25, 2022. https://www.statista.com/statistics/1291416/oil-and-gas-discovery-volume-worldwide/
Rystad Energy. (2021). Volume of crude oil and natural gas discoveries worldwide from 2015 to 2021 (in billion barrels of oil equivalent). Statista. Statista Inc.. Accessed: June 25, 2022. https://www.statista.com/statistics/1291416/oil-and-gas-discovery-volume-worldwide/
Rystad Energy. "Volume of Crude Oil and Natural Gas Discoveries Worldwide from 2015 to 2021 (in Billion Barrels of Oil Equivalent)." Statista, Statista Inc., 20 Dec 2021, https://www.statista.com/statistics/1291416/oil-and-gas-discovery-volume-worldwide/
Rystad Energy, Volume of crude oil and natural gas discoveries worldwide from 2015 to 2021 (in billion barrels of oil equivalent) Statista, https://www.statista.com/statistics/1291416/oil-and-gas-discovery-volume-worldwide/ (last visited June 25, 2022)
