According to a report by ITASS on December 28, Saudi Arabia’s Energy Minister Salman recently announced that the country had discovered four new oil and gas fields. Salman said that Saudi Aramco has developed four new oil and gas fields in different areas of Saudi Arabia, and these oil and gas fields will have considerable oil and natural gas production.
On the 27th, the Saudi Minister of Energy told the media that the country had discovered four new oil and gas fields in different areas: an oil field was discovered in the northwest of Dammam in the east, and an oil field was discovered in the city of Rafha on the border with Iraq. Two new oil and gas fields have been discovered to the southwest and south of the Ghawar field. The average daily production capacity of the two oil and gas fields reaches 1.4 million cubic meters. Saudi Arabia is one of the world’s largest oil exporters. The continuous discovery of new oil and gas fields will consolidate the country’s position in the international energy market.
According to Rystad Energy, as of October, 73 new oil and gas discoveries have been announced globally this year, of which conventional natural gas discoveries are approximately 3.75 billion barrels of oil equivalent, accounting for 46% of the total discoveries. According to the ranking of the total number of new discoveries by each country, Russia ranks first with approximately 1.509 billion barrels of oil equivalent; Suriname ranks second with 1.388 billion barrels of oil equivalent, and the United Arab Emirates ranks third with 1.102 billion barrels of oil equivalent. China’s discoveries were 264 million barrels of oil equivalent, ranking tenth.
Top 10 countries with new oil and gas discoveries in 2020
Ranked according to the total number of new discoveries made by major oil companies, Gazprom ranked first with 1.304 billion barrels of oil equivalent, Total ranked second with 962 million barrels of oil equivalent, followed by Apache with 697 million barrels. CNOOC ranked seventh with 387 million barrels.
Top 10 new oil and gas discovery companies in 2020
In the previous two lists, Saudi Arabia and its national energy company Saudi Arabia Ami is not on the list. At the end of the year, this oil giant announced four new oil and gas discoveries in one go.
Saudi Arabia said: If these oil and gas fields can produce, it will promote Aramco’s plan to increase its maximum sustained crude oil production capacity from the current 12 million barrels/day to 13 million barrels/day, releasing more oil use. to export and develop more natural gas resources.
Previously, a Rystad Energy report showed that investment in global oil and gas exploration and production companies (E&P) is expected to reach approximately US$380 billion in 2021, almost the same as this year. Wood Mackenzie believes that in the next 20 years, there will be a supply gap of approximately 460 billion to 760 billion barrels of oil equivalent in global cumulative demand for oil and natural gas. Continued exploration is therefore critical to meeting the world’s future energy needs. </p
