oil production – Page 5 – Peak Oil Barrel

Norway Part II – Production and Wellbores

10/23/202110/23/2021 George Kaplan 133 Comments

A Guest Post by George Kaplan

Annual Production

Overall Norwegian oil production peaked in 2000 but, thanks to the Johan Sverdrup discovery, it is heading for a secondary peak in the next couple of years. Phase I of the development started in 2019 and has design capacity of 440kboed (70kSm³/d) and Phase II is due in late 2022, raising the total capacity to 700kboed of which 535kbpd (85kSm³/d) is crude. The development uses predrilled wills over which the platforms are installed and tied-in, so ramp up was, for Phase I, and will be, for Phase II, rapid. To find a field this size in a mature basin (it is in the North Sea) is unusual, possibly unique so far in offshore oil developments.

For some years Troll has been the largest single oil producer, coming from horizontal oil wells exploiting the oil rim in one half of the field, but recently Troll III was started which produces from the gas cap above the rim, so oil production will now fall.

In the chart green bands are fields in the North Sea, blue-green those in the Norwegian Sea, and the couple of thin blue ones those in the Barents Sea. The 2021 values are only through July.

Non-OPEC June Oil Production has Small Increase

10/08/202110/08/2021 Ovi 267 Comments

A guest post by Ovi

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to June 2021. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

May Non-OPEC Oil Production Up slightly

09/08/202109/08/2021 Ovi 236 Comments

A guest post by Ovi

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to May 2021. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

June US Oil Production Little Changed

08/31/202109/02/2021 Ovi 216 Comments

A guest post by Ovi

All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future production is provided. The charts below are updated to June 2021 for the 10 largest US oil producing states.

Annual Reserve Revisions Part VI: Sub-Saharan OPEC Members

08/26/202108/26/2021 George Kaplan 260 Comments

A guest post by George Kaplan

IOC Reserves and Production

About the only place where properly audited estimates for OPEC’s claimed reserves are available is sub-Saharan Africa, principally Nigeria and Angola, but with Congo, Equatorial Guinea and Gabon as minor players. Except for some on-shore legacy production in Nigeria most of the fields are partly owned and wholly operated by western IOCs that are required to provide accurate estimates for reserves and revisions for SEC and other financial reports.

In the 10-k or 20-f reports the estimates are presented geographically with Africa seprated out and, usually, sub-Saharan Africa separated from North Africa, which is typically lumped with the Middle East (in which the IOCs now have little direct ownership in OPEC countries).