Sorry I didn't see this until now, I rarely visit this section.
Since I stopped my catalog a couple years ago now, I don't really have anything to say. Wouldn't be surprised if discoveries fell off, with the price of oil crashing lately.
copious.abundance wrote:Sorry I didn't see this until now, I rarely visit this section.
Since I stopped my catalog a couple years ago now, I don't really have anything to say. Wouldn't be surprised if discoveries fell off, with the price of oil crashing lately.
First of all, since 2008, every year since then, we've seen a declining number of fields that have been found. In addition, since 2010, we've also seen declining volumes that have been found. 2013, it turns out, was among the lowest volumes found on record since the early days of oil and gas exploration. We found about 13 billion barrels of oil equivalent that year. In addition, 2013 was the first year since the very earliest days of oil and gas exploration that we didn't find at least one billion barrel oil field.
copious.abundance wrote:2013
Recoverable total: 7.716 billion barrels minimum to 11.867 billion barrels maximum
OIP total: 1 billion barrels minimum to 1 billion barrels maximum
2012
Recoverable Total: 22.596 billion barrels minimum to 26.876 billion barrels maximum
OIP Total: 9.3 billion barrels minimum to 9.7 billion barrels maximum
2011
Total discoveries listed as recoverable: 11.581 billion barrels minimum to 14.281 billion barrels maximum
Total discoveries listed as Oil-In-Place: 300 million barrels minimum to 300 million barrels maximum
2010
Total discoveries listed as recoverable: 41.577 billion barrels minimum to 44.873 billion barrels maximum
Total discoveries listed as Oil-In-Place: 91.26 billion barrels minimum to 92.8 billion barrels maximum
2009
Total discoveries listed as recoverable: 12.009 billion barrels minimum - 18.731 billion barrels maximum
Total discoveries listed as Oil-In-Place: 13.514 billion barrels minimum - 15.069 billion barrels maximum
-----------------------------------
2008: 24.009 billion - 27.758 billion barrels
2007: 32.32 billion - 36.85 billion barrels
2006: 10.65 - 25.9 billion barrels
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