DOT: Forecasters expect strong deepwater activity trend

12/01/2003
Although their forecast numbers differ, John Westwood of Douglas-Westwood Ltd., Canterbury, UK, and Paul Hillegeist, president of Quest Offshore Resources Inc., Houston, both expect deepwater development activity to increase greatly during the next decade.Oil production from deep water should exceed 8 million b/d in 15 years, compared with 2.4 million b/d produced in 2002, Westwood said Nov. 20 during the 15th Deep Offshore Technology conference and exhibition (DOT) in Marseilles. Currently most deepwater oil production comes from fields off Brazil. But in the next decade Westwood expects deepwater production to break down as 1.5 million b/d from Brazil, 2.8 million b/d from the Gulf of M...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected