oil discovery
Finding underground crude
Oil discovery is finding a previously unknown deposit of petroleum, typically through geological surveying and exploratory drilling.
A major oil discovery can transform a region's economy overnight.
The term often appears in news about energy markets: The oil discovery off the coast sent company shares soaring.
Countries guard information about new discoveries as strategically sensitive.
- drill rigsHole-boring heavy equipment
- anticlineArched rock formation
- gusherOil well that erupts
- AssamTea-producing Indian state
- fault lineTectonic boundary crack
black gold · Texas tea · liquid gold · salt dome · strike · oil field · crude oil · energy security · wildcat · economic growth · resource management · petroleum · fossil fuel · oil boom · boom town · environmental degradation · geopolitical tension · carbon emissions
- Saudi ArabiaRiyadh, Mecca, Makkah, Medina, Madinah
- Gulf HistoryPersian Gulf, Gulf States, Abu Dhabi, Sharjah, pearl diving
- NorwayOslo, Bergen, Trondheim, fjord, fjords
- Nordic HistoryViking Age, Viking raids, longships, runestones, Great Northern War
- Alberta HistoryEdmonton, Calgary, Banff, homesteaders, settlers
- EcuadorQuito, Guayaquil, Galapagos, Andes, Amazon region
oil discoverydry hole
Well without petroleum
dry well · bust · strikeout · write-off · sunk costs