Norway delivers most discoveries last quarter

Of the 38 global oil and gas discoveries made in 3Q 2019, six were in Norway, according to analyst GlobalData.

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Offshore staff

LONDON – Of the 38 global oil and gas discoveries made in 3Q 2019, six were in Norway, according to analyst GlobalData.

This was followed by Colombia with five discoveries, Egypt and Trinidad with four each, and Guyana and the United Arab Emirates with three each.

The analyst’s latest report, ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter’, notes that 21 of the discoveries made in the quarter were conventional oil discoveries, while 15 were gas. The two remaining discoveries were heavy oil and coalbed methane, respectively.

By region, South America and Europe led 3Q with eight discoveries each, followed by Asia and Africa with five each. The Caribbean had four discoveries, while the Middle East and the Former Soviet Union had three each.

Among operators globally, Egyptian General Petroleum Corp. led with four discoveries in the quarter. Aker BP, ADNOC, and BHP followed with three discoveries each in 3Q 2019. Equinor, Oil & Gas Development Company, and Tullow Oil had two discoveries each, while the rest of the operators had one each during the period.

10/28/2019

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