Giant oil and gas field discoveries 2018

We have updated and extended the dataset on giant oil discoveries previously published by Mike Horn under the auspice of the AAPG that contains discoveries from 1868 to 2010 (Halbouty, 2014; Horn, 2004). Beyond incorporating new discoveries after 2010 up to 2018 (and soon 2020), and corrections to the data, the main contribution has been to provide estimates of the US dollar value of the petroleum field presented in terms of Net Present Value (NPV). This is based on the discoveries’ estimated ultimate recoverable (EUR) amount of oil and gas, measured in nominal and real US dollars, using the price of petroleum in the year of discovery. Main publication: Cust, James, David Mihalyi and Alexis Rivera-Ballesteros, 2021, The Economic Effects of Giant Oil and Gas Discoveries in Charles A. Sternbach, Robert K. Merrill, and John C. Dolson, eds., Giant Fields of the Decade: 2010-2020: AAPG Memoir 125, p. 21-36