Petrobras have a leading stance in the global production of crude oil

Posted by Deeksha on February 1st, 2019

The major offshore projects across the globe is anticipated to contribute the crude production of 8.6 mbd through 2025, with the rise in the natural gas and crude projects. At the global level, about 387 planned & announced natural gas and crude projects are anticipated to start its operations for 2018 – 2025. Out of these many projects, about 154 are the planned natural gas and crude projects, while 233 are the newly-announced projects. These insights have been extracted from the report titled, “Q4 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry - Petrobras Leads in Global Offshore Crude Oil Production” incorporated in the all-inclusive repository of Market Research Hub (MRH). A capital expenditure of over US$ 600 Bn is anticipated to bring these projects on stream. As compared to the projects across the world, Brazil ranks #1 in investing the highest capital expenditure for the development of new projects. This trend is followed by Norway, which ranks second in the world for promoting the offshore plants at global level and is projected to produce crude worth 1.1 mbd. Nigeria ranks third in the world by producing about 11% of crude.

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Key Planned and Announced Upstream Projects in Offshore Industry: A Gist of the Report

The report aims at providing valuable insights on the capital expenditure in the global offshore industry. The study encompasses of a comprehensive analysis of the offshore industry for the period 2018 – 2025. A brief information on the planned & announced natural gas and crude projects the offshore industry has been incorporated in the report. The major capital expenditures and operating expenditures have been elaborated in this study to provide a concise understanding on the new projects. The report assesses the natural gas and crude production from the prominent announced and planned projects in offshore industry at the global level.

The analysis provided in this report will help the stakeholders of the offshore industry to stay abreast with the recent developments of the industry. The report aims to enhance the decision-making skills of the stakeholders of the offshore industry at the global level. The study comprises of an elaborated information on the production of offshore and outlook on the capital expenditures.

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Key Planned and Announced Upstream Projects in Offshore Industry: Regional Split and Competitive Landscape

The regions that are analyzed in the report are North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The reports states that Brazil, followed by Norway and Nigeria are expected to produce an impressive quantity of natural oil and crude in the offshore industry.

The report profiles some leading players in the offshore industry such as, Petroleo Brasileiro SA, China National Offshore Oil Corp, and Equinor ASA. The report consists of a brief overview of each of these companies, along with their strategies, market size, and natural gas and crude production capacity. This will help the stakeholders of the offshore industry to devise sustainable strategies.