Global Production Report 2019
In this third edition of IOGP’s Global Production Report, we see a continuing rise in demand for oil and gas across most of the world. In many – if not all – regions, production is also rising. Based on the latest BP Statistical Review of World Energy, published in June 2019, this report draws its conclusions from 2018 data.
It shows that:
- Global demand for oil and gas are at their highest levels ever, with particularly dramatic growth in Africa, Asia Pacific, the Middle East and the Americas.
- Regarding security of supply, the Middle East and the CIS regions remain big exporters, while Europe and Asia Pacific have to import the majority of their oil and gas. Meanwhile, the Americas are approaching oil and gas independence while Africa could become an importer within a decade.
- Field depletion is of growing concern as demand for oil and gas continues to rise
(see page 34 for more details).
IOGP has more than 80 Members, which collectively produce in excess of 40% of the world’s oil and gas. They operate in each of the regions covered in this report: Africa, Asia Pacific, the CIS, Europe, the Middle East, North America and Central and South America. This report, like its predecessors, looks at regional production and demand figures for both oil and gas.