A total of 30 oil and gas discoveries, including 18 conventional oil discoveries, were made globally during Q3 2017, according to a report by GlobalData.
Titled ‘Q3 2017 Global Oil and Gas Discoveries Review – Rosneft Sees Oil Discoveries Spike in Russia’, the report states that the Former Soviet Union (FSU) region experienced the highest number of discoveries, with a total of eight recorded during the period.
The FSU region was followed by Europe with seven discoveries, Asia with four discoveries, and Oceania and Africa with three discoveries each. North America and South America had two discoveries each, while the Middle East had one discovery.
Country-wise, Russia led globally with eight discoveries during the quarter, followed by Norway with five, Australia with three, and Pakistan and Senegal with two discoveries each.
In terms of operators, Rosneft Oil Company was the leading operator during the quarter with seven discoveries, followed by Statoil ASA with five, and ONGC and Cairn Energy Plc with two each.
Out of the total discoveries made during the quarter, 16 were on onshore terrain, seven were in deepwater, four were in shallow water, and the remaining three were in ultra-deepwater.