Global oil and gas discoveries 2015-2023

Published by Statista Research Department, Jan 30, 2024
Global oil and gas discoveries amounted to five billion barrels of oil equivalent in 2023. This was notably lower than the discovery volume reported in the period between 2015 and 2020, but slightly more than the amount reported for the 11-month period between January and November 2021.

Volume of crude oil and natural gas discoveries worldwide from 2015 to 2023 (in billion barrels of oil equivalent)

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Release date

January 2024

Region

Worldwide

Survey time period

2015 to 2023

Supplementary notes

Data prior to 2023 taken from previous report by the source. Data for 2022 not available.

* Oil and gas discovery from January to November

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