Douglas-Westwood expects the global offshore oil and gas production in 2009 will reach 42.3 million barrels / day of oil equivalent, excluding natural gas liquids. The company forecasts that by 2013 the production will grow by about 26%, reaching 53.5 million barrels / day of oil equivalent.
New production from different parts of the world, including the Middle East region will add 3.5 million barrels / day, the African additional 2.9 million barrels / day, the Asia Pacific region added 2.7 million barrels / day. The only decline in the region is Europe, offshore oil and gas production will drop 1 million barrels / day, from 2009 estimated 8.3 million bbl / d the world is down to about 7.3 million bbl / day.
Sep. 29, 2009
