Guyana, Russia and the United States top the list with major discoveries. Rystad Energy expects 9.4 billion boe in conventional oil and gas for the year 2018, which constitute a replacement ratio of 15%. This ratio is low but is an improvement with respect to the 11% obtained in 2017.
Since the coronavirus outbreak, Rystad energy publishes a report about the impact of the virus on the energy sector, especially on oil. This report is regularly updated and can be found on their website, on their dedicated covid-19 page. Those information are also available in their press releases. Here, you can download the 10th edition of this report in pdf, […]
The world’s oil and gas explorers discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. The replacement ratio was at about 19%. It is improving with respect to 2018 (15%), but it is still far from the 50% level of 2012, and from 100% in 2006, the last […]
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) of conventional oil and gas year-to-date, according to Rystad Energy’s latest global discoveries report. The so-called resource replacement ratio for conventional resources now stands around 16%, meaning that only one barrel out of every six consumed is being replaced by new sources. See press release in pdf. […]
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