World offshore oil, gas production has risen 'steadily'

Total estimates of worldwide offshore oil and natural gas production have risen "steadily" over the last 10 years.World offshore oil production reached 1.257 billion tonnes in 2003, about 34.1% of total world oil production. World offshore gas production, meanwhile, totaled 685.6 billion cu m in 2003, or about 25.8% of total world gas production. Click here to enlarge imageThese findings were reported in a study released last month by Inverness-based Mackay Consultants Ltd., a Scottish economic consulting firm specializing in the offshore oil and gas industry."The offshore sector's shares of total oil and gas production have increased steadily over the past decade," Mackay concluded....

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