25 / 84
25
1
2
3
4
5
6
7
8
9
10
11
Figure 12: Rate of Discovery versus Rate of Production
0
10
20
30
40
50
60
1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
Billion boe
Cumulative Recoverable Reserves Discovered
Cumulative Production
Source: Wood Mackenzie
Figure 13: Reserve and Resource Potential
6
9
2
5
2
6
-5
0
5
10
15
20
25
Low
Outcome
High
Outcome
Reserves/Resources (Billion boe)
Yet-To-Find Resources
Potential Additional Resources
Reserves
Produced (2015)
Source: OGA, Oil & Gas UK