Face facts---there hasn't been more then 1-2 new giant conventional oil field discoveries in the last 20 years
Well that is just completely incorrect. Giant fields as first defined by M. T. Halbouty are fields with reserves of 500 MMb or greater, Super Giant fields are those in excess of 2 billion bblsThe giants discovered since 2000 are distributed:
• Middle East (11 giant oil and 17 giant gas fields).
• Offshore Brazil (16 giant oil and 3 giant gas fields).
• Central Asia (2 giant oil and 5 giant gas fields).
• Offshore East Africa (13 giant gas fields).
• Offshore West Africa (6 giant oil fields).
• Northwest Shelf of Australia (8 giant gas fields).
• Gulf of Mexico (5 giant oil fields).
So that is a total of 40 giant oil fields which is a bit larger than 2.
some examples of giant fields discovered in the past 20 years:
Tupi/Lula (Brazil) 2006 – 7.5 billion bbls recoverable
Jupiter (Brazil) 2008 = 1 – 2 billion bbls recoverable
Liza (offshore Guyana) 2016 ~1.4 billion bbls
Payara (offshore Guyana) 2-17 ~1 billion bbls
Zama (offshore Mexico) 2017 ~1-2 billion bbls
Kashagan (Kazakhstan) 2000 – 7-9 billion bbls
Azadagen (Iran) 1999 6 – 9 billion bbls
Thunder Horse (GOM) 1999 1 – 1.5 billion bbls
Shaikan Sheikh Adi (Kurdistan) 2009 – 4 – 6 billion bbls
Dalia (Angola) 1997 = 1 billion bbls
Agbami (Nigeria) 1998 = 1 billion bbls
Vaca Muerte (Argentina) 2011 900 million bbls
Keathley Canyon (GOM) 2011 – 700 MMboe
Jubilee (Ghana) 2007 –1-3 billion bbls