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According to IHS Markit, there were only 174 oil and gas discoveries worldwide last year, a sharp drop from the average of 400 to 500 per year before 2013. The slowdown in exploration results suggests that the world may be more dependent on “unconventional†resources such as US shale oil and gas to meet energy needs in the coming decades.
Since the typical cycle from discovery to commissioning is 5 to 7 years, the reduction in oil and gas discoveries heralds a tightening of global oil and gas supply over the next decade.
However, exploration of conventional oil and gas resources in 2017 has shown signs of recovery, and some companies, including Statoil, are speeding up drilling.
Abstract Beijing on the 13th morning, according to the British "Financial Times" reported that in 2016 the global oil and gas resources found in approximately 82 million barrels of oil equivalent, a record 60-year low, mainly due to the drop in oil prices led to oil and gas exploration companies to cut spending, increase Large oil and gas fields are more...
Beijing time on the 13th morning news, according to the British "Financial Times" reported that the global oil and gas resources in 2016 was about 8.2 billion barrels of oil and gas equivalent, a record low of 60 years, mainly due to oil prices fell due to oil prices, oil and gas companies to reduce exploration costs, plus Large oil and gas fields are more difficult to find.