Strong growth seen in offshore oil prodution

Worldwide offshore oil production is expected to rise by about 17% to 1.23 billion metric tons (24.6 million b/d) in 2000. The increase to that level averages 4.4%/year during 1998-2000, which is double the growth projected for the oil industry as a whole. The forecast (see Table 1 [63,893 bytes] , p. 25), compiled in a report by Mackay Consultants Ltd., Inverness, Scotland, takes into account recent decreases in oil prices and economic problems of many countries in Asia. Offshore gas

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home