Russia leads world for oil, gas discoveries in Q317

- Total of 30 oil and gas discoveries were made in the third quarter of 2017

Russia led the world for oil and gas discoveries in the third quarter of 2017, according to data and analytics company GlobalData on Wednesday.

GlobalData said that a total of 30 oil and gas discoveries were made in the third quarter of 2017.

'Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas,' the company said.

The data company said that among various countries, Russia led with eight discoveries, followed by Norway and Australia with five and three discoveries, respectively.

Pakistan and Senegal had two discoveries during the same period.

'In Russia, all eight discoveries yielded conventional oil, with two located in the West Siberian Basin and the rest in the Volga-Ural Basin,' it noted.

According to the data, Norway made its discoveries near the Barents Sea Basin and the Norwegian Sea Basin.

'Among five discoveries, four finds yielded conventional gas from the Barents Sea Basin and Norwegian Sea Basin, while the remaining one yielded conventional oil from the Barents Sea Basin,' GlobalData said.

It also added that among operators, Rosneft led among operators with seven discoveries, followed by Statoil with five discoveries.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr