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July 9, 2019updated 27 Oct 2021 11:36am

Colombia leads globally with the highest number of oil and gas discoveries in Q2 2019

Of Colombia's seven discoveries in the quarter, five were conventional oil and two were conventional gas discoveries.

By GlobalData Energy

GlobalData’s latest report looking at the Colombian petroleum sector indicates that globally 33 oil and gas discoveries were made in Q2 2019. Of these, 17 are conventional oil discoveries while 16 are conventional gas.

Colombia oil and gas

In Q2 2019, among regions, Asia led with 10 discoveries, followed by South America and Africa with nine and five discoveries, respectively. The Former Soviet Union (FSU) had four discoveries, while Europe and North America had two discoveries each in the quarter.

Among countries, Colombia had the highest number of discoveries in Q2 2019 with seven discoveries. India, Russia and Pakistan were in the second position after Colombia with three discoveries each. The US, Indonesia and Angola had two discoveries each, while the rest of the countries had one discovery each during the quarter.

Of Colombia’s seven discoveries in the quarter, five were conventional oil and two were conventional gas discoveries. Two conventional gas discoveries were made in the Lower Magdalena Valley basin, while among conventional oil discoveries, three were made in the Putumayo basin and rest of the two in the Llanos Orientales basin.

Oil and gas discoveries by key countries in Q2 2019

Among operators globally, Oil and Natural Gas Corporation, Eni SpA, and Gran Tierra Energy led with three discoveries each in the second quarter of 2019.

PT Pertamina (Persero) and Gazprom had two discoveries each and the rest of the operators had one discovery each in the quarter.

Of the 33 discoveries, In terms of terrain, onshore terrain accounted for the most with 19 discoveries. Shallow water and deepwater terrains followed with six discoveries each. Ultra-deepwater terrain accounted for two discoveries in the quarter.

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