摘要: |
Operators are spending at a more-than-four-year high to uncover new oil and gas reserves, but the results so far have been disappointing. Over the first half of 2023, new discoveries worldwide amounted to 2.6 billion bbls. of oil equivalent (BOE). This was 42% less than the 4.5 billion BOE in new reserves discovered in the first half of 2022, according to Norway's Rystad Energy. With 55 discoveries this year, compared with 80 discoveries in the first six months of last year, new wells have averaged reserves of 47 million BOE, down from 57 million BOE on average last year. This comes as spending on global exploration is expected to top $50 billion this year, which would be the highest amount since 2019. Not surprisingly, offshore accounted for 95% of the exploration spend but contributed only about two-thirds of the discovered volumes. Undaunted, offshore operators, especially those targeting ultra-deepwater prospects, are expected to increase activity this year, with a projected growth rate of 27% over 2022, Rystad estimates. |