Global Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Offshore Industry, Q4 2018 - Forecast to 2025

  • Jan 11, 2019
  • PR Newswire

The "Q4 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry - Petrobras Leads in Global Offshore Crude Oil Production" report has been added to ResearchAndMarkets.com's offering.

"Q4 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry - Petrobras Leads in Global Offshore Crude Oil Production" reveals that key offshore projects are expected to contribute about 8.6 mbd of crude production and around 51.6 billion cubic feet per day (bcfd) of gas production in 2025.

Globally 387 planned and announced crude and natural gas projects are expected to start operations during the outlook period. Of these, 154 represent the number of planned projects with identified development plans and 233 represent the number of early-stage announced projects that are undergoing conceptual studies and that are expected to get approved for development.

Among countries globally, Brazil alone is expected to contribute roughly 22% of the global offshore crude oil production, or 1.9 mbd in 2025. The country also leads in terms of new-build capex with US$70.5bn expected to be spent between 2018 and 2025. Many upcoming subsalt projects are expected to start operations in Brazil, primarily in the Santos and Campos basins, by 2025. These projects will considerably boost the country's offshore crude oil production.

Furthermore, the report identifies Norway as the second highest country globally with 1.1 mbd of crude production in 2025 or 13% of the global offshore crude and condensate production. The country is expected to spend around US$38.5bn on the upcoming projects during the 2018-2025 period.

Nigeria is the third highest country globally with 11% of global crude production or 0.9 mbd in 2025. In terms of capex spending, the country is the second highest with US$62.7bn to be spent during the outlook period.

Among the companies, Petroleo Brasileiro SA, Equinor ASA, and China National Offshore Oil Corp globally lead with highest offshore crude and condensate production of 1.2 mbd, 0.6 mbd and 0.4 mbd in 2025, respectively.

Key Topics Covered:

1 Table of Contents

1.1. List of Tables

1.2. List of Figures

2. Production and Capex Outlook for Key Planned and Announced Offshore Upstream Projects

2.1. Key Highlights

2.2. Major Planned and Announced Global Offshore Projects Count by Country

2.3. Major Planned and Announced Global Offshore Project Starts by Country

2.3.1. Planned Project Starts

2.3.2. Announced Project Starts

2.4. Major Planned and Announced Global Offshore Projects by Terrain and Country

2.5. Key Economic Metrics of Major Planned and Announced Global Offshore Projects by Country

2.5.1. Remaining NPV vis--vis Remaining Break-Even Crude Oil Price by Country

2.5.2. Remaining NPV vis--vis Remaining Break-Even Natural Gas Price by Country

2.5.3. Remaining Break-even Oil Price vis--vis Production Start Year by Country

2.5.4. Remaining Break-even Gas Price vis--vis Production Start Year by Country

2.6. Crude Production from Major Planned and Announced Global Offshore Projects by Country

2.6.1. Total Crude Production from Major Planned and Announced Global Offshore Projects by Key Countries

2.6.2. Crude Production from Major Planned Global Offshore Projects by Key Countries

2.6.3. Crude Production from Major Announced Global Offshore Projects by Key Countries

2.7. Key Planned and Announced Global Offshore Crude Projects

2.7.1. Planned Offshore Crude Projects

2.7.2. Announced Offshore Crude Projects

2.8. Gas Production from Major Planned and Announced Global Offshore Projects by Country

2.8.1. Gas Production from Major Planned and Announced Global Offshore Projects by Key Countries

2.8.2. Gas Production from Major Planned Global Offshore Projects by Key Countries

2.8.3. Gas Production from Major Announced Global Offshore Projects by Key Countries

2.9. Key Planned and Announced Global Offshore Gas Projects

2.9.1. Planned Offshore Gas Projects

2.9.2. Announced Offshore Gas Projects

2.10. Production Outlook and Contribution from Major Planned and Announced Global Offshore Projects

2.11. Capex Outlook for Major Planned and Announced Global Offshore Projects by Country

2.12. Opex Outlook for Major Planned and Announced Global Offshore Projects by Country

2.13. Major Planned and Announced Global Offshore Projects Count by Operator

2.14. Crude Production from Major Planned and Announced Global Offshore Projects by Company

2.14.1. Total Crude Production from Major Planned and Announced Global Offshore Projects by Key Companies

2.14.2. Crude Production from Major Planned Global Offshore Projects by Key Companies

2.14.3. Crude Production from Major Announced Global Offshore Projects by Key Companies

2.15. Gas Production from Major Planned and Announced Global Offshore Projects by Company

2.15.1. Total Gas Production from Major Planned and Announced Global Offshore Projects by Key Companies

2.15.2. Gas Production from Major Planned Global Offshore Projects by Key Companies

2.15.3. Gas Production from Major Announced Global Offshore Projects by Key Companies

2.16. Capex Outlook for Major Planned and Announced Global Offshore Projects by Company

2.17. Opex Outlook for Major Planned and Announced Global Offshore Projects by Company

3. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/xqxxbn/global_production?w=5

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