Global Deepwater Liquid Output to Hit Record



Global Deepwater Liquid Output to Hit Record
Rystad Energy expects global deepwater liquid production to surpass 10 million barrels per day in 2019.

Rystad Energy expects global deepwater liquid (crude, NGL, condensate) production to surpass 10 million barrels per day (MMbpd) in 2019, before rising further next year.

“With new fields starting up in Brazil and Gulf of Mexico, we expect the total deepwater liquid production to reach 10.3 MMbpd in 2019. This is an increase of 700,000 bpd compared to 2018,” Rystad said in a statement posted on its website on Friday.

Global deepwater liquid production has never surpassed 10 MMbpd before, a Rystad Energy spokesperson confirmed to Rigzone on Monday.

Angola, Norway, Nigeria, Brazil and the United States are the largest deepwater producers, according to 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. 

Last month, the company stated that global LNG production will reach close to 350 million tons this year, which would mark an 11 percent increase year on year.

“Global LNG production is one element to watch in 2019,” Rystad Energy said in a statement published on its website on January 25.



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