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SUPPLY
Two countries in the Americas produce
oil and gas from deep waters whilst two others are
projected to begin production in the next decade. Together the Americas
form the largest producing region.
Eight countries produce deep water oil and/or gas in Africa whilst
three will probably achieve oil production before 2020. Africa is the
2nd largest region and, as new areas are added, it will almost reach the
Americas output. Gas output will grow more slowly, still producing less
than half that of the Americas in 2020.
In Western Europe Norway began producing gas in 2007
whilst the UK has produced small amounts of oil from deep waters for
many years. Italy is likely to
begin producing deep water oil and gas soon. In Eastern Europe & the FSU
small amounts of oil production may be achieved from Azerbaijan.
In the Asia-Pacific, four countries
are currently producing oil and/or gas from deep waters whilst India
become a deep water oil and gas producer in 2008. The region will become
a much more substantial deep water gas producer almost on a level with
Africa. Meanwhile Vietnam and China will almost certainly eventually
achieve deep water output from the South China Sea. In the Middle East
Israel had a large deep water gas discovery in 2009 and this could
come onstream within a decade.
Although it is possible that other countries, such as
Gabon, Tanzania, Mozambique, Canada, Russia, Turkmenistan, Ukraine,
Romania, Turkey and even Pakistan, Syria and Lebanon (the last three
with no current offshore production) will realise deep water oil and
especially gas production in the future it is unlikely that this will be
achieved within the next decade.
NB: Deep water oil production is shown
here without Natural Gas Liquids production as these are not specific to
water depths - with processing occurring away from the field.
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DIRECT ACCESS TO ALL COUNTRIES AND REGIONS
