Oil discoveries in 2015 lowest since 1947 — 2016 likely to be even lower. Bloomberg

oil discoveries lowest since 1947 woods mackenzie bloomberg

2016 figure only shows exploration results to August. Discoveries were just 230 million barrels in 1947 but skyrocketed the next year when Ghawar was discovered in Saudi Arabia, and is till the world’s largest oil field. Source: Wood Mackenzie

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