10 MASSIVE OIL AND GAS DISCOVERIES MADE IN 2013
No. 1: Agulha/Coral gas discoveries offshore Mozambique
Discovered by Italian oil giant Eni, these are estimated to hold 700 million BOE each. According to Eni, these primarily natural gas discoveries hold 5 trillion-7 trillion cubic feet of gas in place. To get an idea of how big that find is, 5 trillion cubic feet of natural gas is enough to fuel 5 million American homes for 15 years.
No. 2: Lontra discovery in Angola
Discovered by Cobalt International Energy and partners including BP , Lontra is estimated at 900 million BOE, though it did contain more natural gas than was expected.
Angola is emerging as an important offshore basin. Companies such as ConocoPhillips and Statoil see a bright future in the region, which…
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