Deepwater production to reach 10 million bbl/d this year

February 1, 2019

Rystad Energy expects global deepwater production to reach record high level and surpass 10 million bb/d.

With new fields starting up in Brazil and Gulf of Mexico, we expect the total deepwater liquid production to reach 10.3 million bbl/d in 2019. This is an increase of 700 kbbl/d compared to 2018.

In addition to Brazil and the US, Angola, Norway and Nigeria are the largest deepwater producers.

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Espen Erlingsen
Partner, Upstream Research
Phone: +47 24 00 42 00

About Rystad Energy

Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry. 

Our products and services cover energy fundamentals and the global and regional upstream, oilfield services and renewable energy industries, tailored to analysts, managers and executives alike.