Summary

South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter. A total of 38 oil and gas discoveries were made globally in Q3 2019.

Out of eight discoveries in South America, six are conventional oil discoveries, one is a conventional gas discovery and the remaining is a heavy oil discovery. Europe had five conventional oil discoveries and three conventional gas discoveries in the quarter. In South America, Guyana-Suriname Basin and Llanos Orientales Basin had the highest number of discoveries in the quarter with three conventional oil discoveries each. In Europe, North Sea Basin had the highest number of discoveries with three conventional oil discoveries and a conventional gas discovery.

Asia and Africa stood second highest among the regions, in terms of number of discoveries in Q3 2019, with five discoveries each. Asia had three conventional gas discoveries and two conventional oil discoveries in the quarter, while Africa had four conventional oil discoveries and one conventional gas discovery. Following Asia and Africa, the Caribbean stood third with four discoveries in the quarter. All the discoveries in the Caribbean are conventional gas discoveries.


Scope

  • Count of oil and gas discoveries by key countries in Q3 2019 vis-?-vis Q2 2019
  • Count of oil and gas discoveries by key operators in Q3 2019 vis-?-vis Q2 2019
  • Count of oil and gas discoveries by well terrain in Q3 2019 vis-?-vis Q2 2019
  • Count of oil and gas discoveries by resource type in Q3 2019 vis-?-vis Q2 2019
  • Key details of oil and gas discoveries in Q3 2019




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