By the Numbers

Discoveries & Reserves

Offshore new discoveries

Shallow water (1-399m), deepwater (400-1499m), ultra-deepwater (1500m+). Source: Wood Mackenzie Lens Direct

Offshore undeveloped recoverable reserves

Contingent, good technical, probable development. The total proven and probable (p+p or 2P) reserves which are deemed recoverable from the reservoir. Source: Wood Mackenzie Lens Direct

Offshore onstream and under development remaining reserves

Onstream and under development. The portion of commercially recoverable 2P (proven+probable) reserves yet to be recovered from the reservoir. Source: Wood Mackenzie Lens Direct
Offshore Engineer Magazine
March - April 2023
ABS