Rystad Energy expects global conventional discoveries to be 9.4 billion barrels of oil equivalent in 2018.

Guyana, Russia and the United States top the list with major discoveries. Rystad Energy expects 9.4 billion boe in conventional oil and gas for the year 2018, which constitute a replacement ratio of 15%. This ratio is low but is an improvement with respect to the 11% obtained in 2017.

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