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Worldwide Oil discovery in 2015, the lowest since 1947

Thursday, September 8th, 2016 Category: Exploration

Low oil prices have forced companies to make budget cuts which has seriously affected exploration projects.

According to Economía Hoy, 2.700 mmbbl were discovered worldwide in 2015, this figure is the lowest since 1947. These oil discoveries represented one-tenth of oil found annually on average, since 1960.

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