OPEC influence grows with world output in next decade
- Petroconsultants, Inc., Houston, TX (United States)
World crude oil and condensate output will rise to 75 million bopd in 2004, concludes a recently released Petroconsultant study, entitled Worldwide Crude Oil 10-Year Forecast. It also projects that OPEC`s role in supplying demand will simultaneously grow to nearly 50% of total output. In reaching these conclusions, this report analyzed and predicted each of 94 significant producing nations for the 1995--2004 period. Output has been projected separately for the onshore and offshore sectors. Each nation, including the new republics of the former Soviet Union and individual emirates of the United Arab Emirates, is discussed within its regional and global framework; and key aspects of each of the seven major regions have been delineated. The study integrated full-cycle resource analysis, economics, infrastructure, politics, history, consumption levels and patterns, energy balances, and other pertinent data to cover both supply and demand pictures. The entire discovery and production history was used to frame exploration and development maturity. Future discovery potential has been estimated from largely geologic parameters.
- OSTI ID:
- 237996
- Journal Information:
- World Oil, Journal Name: World Oil Journal Issue: 2 Vol. 217; ISSN 0043-8790; ISSN WOOIAS
- Country of Publication:
- United States
- Language:
- English
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