In 2023, global investment in oil and gas exploration and development continued to grow, and it is expected to continue to grow in 2024. Global oil and gas reserves slightly increased; both oil and gas production increased, and the growth rate of natural gas production was higher than that of oil. The number of global oil and gas discoveries and new discoveries in 2023 were both lower than the previous year.

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Development of Domestic and Foreign Oil and Gas Exploration and Development Industry

  • Xingkun Qian,
  • Ruquan Lu,
  • Liangcai Luo,
  • Mouyuan Wu,
  • Qin Liao

摘要

In 2023, global investment in oil and gas exploration and development continued to grow, and it is expected to continue to grow in 2024. Global oil and gas reserves slightly increased; both oil and gas production increased, and the growth rate of natural gas production was higher than that of oil. The number of global oil and gas discoveries and new discoveries in 2023 were both lower than the previous year.