2022 seen as a bumper year for global oil & gas exploration, says WoodMac

Despite the global energy crisis, new global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching a whopping $33 billion at base price, led by major discoveries in Namibia, Guyana, Brazil and Algeria, as outlined by Wood Mackenzie, an energy intelligence group.

Wood Mackenzie, a Verisk business, disclosed on Monday, 30 January 2023, that the global oil and gas exploration…