Oil Economy Focus Rapid Review
Thirty oil and gas discoveries were made in the third quarter of 2017. Russia led the field with eight discoveries, followed by Norway and Australia with five and three discoveries respectively. The discoveries in Russia yielded conventional oil, in the West Siberian and the Volga-Ural basins. In Norway four were conventional gas from the Barents Sea and Norwegian Sea basins, the Barents Sea basin also yielded conventional oil. Two discoveries in Australia yielded conventional oil, one from offshore and the other from shallow water, and the third from onshore.
LINK TO THE SOURCE ARTICLE:
Russia: Ranks first for oil and gas discoveries in Q3 2017
