GIANT FIELD TRENDS-2: Giant fields likely to supply 40%+ of world’s oil and gas

This is the second part of a two-part article that lists world giant oil and gas discoveries by decade and analyses related trends.Table 1 summarizes the decade-by-decade changes in oil and gas giant field discoveries. A familiar pattern can be seen of major increases that occurred in the 1960s and 1970s, followed by a dropoff in the last 2.6 decades (decade 2000 consists of a partial record from year 2000 through year 2006). Click here to enlarge imageAnother trend shown in Tables 1 and 2 is that since the 1990s, giant field gas discoveries have surpassed giant field oil discoveries. Click here to enlarge imageThe basic picture combines the oil and gas giants and superimposes a second-...

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