One trillion barrels - the global potential of undeveloped discoveries
Across the world there are over one trillion barrels of oil equivalent (boe) reserves in oil and gas fields for which there are no development plans. We classify these as technical reserves. There are also around 300 billion boe of undeveloped commercial reserves which should be brought onstream in the next ten years or so. Over half of the technical reserves are potentially economic under our current economic assumptions (‘ good technicals'), and have an indicative cumulative value of c.a....