Part 2/7:
In the most recent findings, the total oil equivalent discovered was estimated at just 12.1 billion barrels, including natural gas. However, this figure is concerning because it suggests a potential long-term undersupply of oil. Sean O'Reilly, one of the discussion leaders, emphasized that bringing these reserves to market is not an immediate process, largely because it typically takes between 5 to 10 years to develop new oil sources. This timeline poses a significant risk, as current oil prices and market conditions fluctuate rapidly.