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    Home > Chemicals Industry > Chemical Technology > Global offshore oil production to fall 10% next year

    Global offshore oil production to fall 10% next year

    • Last Update: 2022-11-19
    • Source: Internet
    • Author: User
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    A few days ago, according to Reuters data, offshore oil production from mature oil fields around the world will fall by 10%
    next year.
    Based on this trend, Rystad Energy, an oil consultancy, estimates that global offshore oil production from mature fields will decrease by 1.
    5 million barrels per day, or 10 percent, to 13.
    5 million barrels
    per day next year from 15 million barrels per day in 2015.

    Oil prices are now at half the level of a year earlier, forcing oil producers to cut spending and abandon large projects that take a decade to develop, and they are taking less obvious steps to reduce investment in existing fields, which will have an immediate impact
    on global oil supplies.

    There is little indication
    of how much the roughly $180 billion cost cut will affect short-term production.
    Oslo oil consultancy Rystad Energy said cutting costs would ease the oversupply situation and help balance global production and demand by the middle of next year or
    sooner.

    Exclusive data provided to Reuters by Rystad showed that investment in upgrading mature offshore fields to curb the natural decline in infill drilling has fallen
    sharply.

    According to the Rystad Oil Market Trends Report, in the three major offshore oil basins of the Gulf of Mexico, Southeast Asia and Brazil, the number of infill rigs from January to July this year decreased by 60% compared with the same period last year; This data is based
    on company data and reports submitted to regulatory authorities.
    The data shows that the number of infill rigs has fallen more than it did in 1986
    .

    A few days ago, according to Reuters data, offshore oil production from mature oil fields around the world will fall by 10%
    next year.
    Based on this trend, Rystad Energy, an oil consultancy, estimates that global offshore oil production from mature fields will decrease by 1.
    5 million barrels per day, or 10 percent, to 13.
    5 million barrels
    per day next year from 15 million barrels per day in 2015.

    petroleum

    Oil prices are now at half the level of a year earlier, forcing oil producers to cut spending and abandon large projects that take a decade to develop, and they are taking less obvious steps to reduce investment in existing fields, which will have an immediate impact
    on global oil supplies.

    There is little indication
    of how much the roughly $180 billion cost cut will affect short-term production.
    Oslo oil consultancy Rystad Energy said cutting costs would ease the oversupply situation and help balance global production and demand by the middle of next year or
    sooner.

    Exclusive data provided to Reuters by Rystad showed that investment in upgrading mature offshore fields to curb the natural decline in infill drilling has fallen
    sharply.

    According to the Rystad Oil Market Trends Report, in the three major offshore oil basins of the Gulf of Mexico, Southeast Asia and Brazil, the number of infill rigs from January to July this year decreased by 60% compared with the same period last year; This data is based
    on company data and reports submitted to regulatory authorities.
    The data shows that the number of infill rigs has fallen more than it did in 1986
    .

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