Westwood: 2019 gas discoveries up and oil down on 2018

High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018, according to market research provider Westwood Global Energy Group.

The largest oil discoveries are considered to be at Yellowtail and Tilapia offshore Guyana, both at more than 300mmbbl.

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