BP and Rosneft were the only companies to have delivered over 1 billion barrels of oil equivalent in discoveries last year due to their exposure in Russia which yielded 48 percent of the world’s discovered resources, Westwood Global Energy Group said in a new report on 2021 high impact exploration. Overall, the volume of discovered resources globally was disappointing, dropping from 19 billion barrels of oil equivalent (boe) in 2020 to just 6.
6 billion boe in 2021, Westwood said. Of the discovered resources last year, 36 percent were oil…BP, Rosneft Were Only Firms With Over 1 Billion Barrel Oil Finds In 2021
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