Brazil to contribute 22% of global offshore crude oil production in 2025
Baku, Azerbaijan, Dec. 13
By Rashid Shirinov – Trend:
Brazil is expected to contribute 1.9 million barrels per day (mbd) or 22 percent of the global offshore crude oil production in 2025, followed by Norway with 1.1 mbd (13 percent) and Nigeria with 0.9 mbd (11 percent), Trend reports citing GlobalData.
The leading data and analytics company noted that globally 387 planned and announced crude and natural gas projects are expected to start operations during the outlook period.
“Of these, 154 are planned projects with identified development plans and 233 are early-stage announced projects that are undergoing conceptual studies and are expected to get approved for development,” reads the message.
GlobalData noted that key offshore projects are expected to contribute about 8.6 mbd of crude production and around 51.6 billion cubic feet per day of gas production in 2025.
Among the companies, Petroleo Brasileiro SA, Equinor ASA, and China National Offshore Oil Corp will lead with highest offshore crude and condensate production of 1.2 mbd, 0.6 mbd and 0.4 mbd in 2025, respectively.
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