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Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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Non-OPEC Mid-size Oil Producers

Non-OPEC Mid-size Oil Producers

This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for no particular reasons other than lack of time or anything much to say, but may be covered in the future. Many of the countries here have held a bumpy plateau over the last twelve to eighteen months. For most this has come after a period of decline, and some are showing signs that decline might be starting again. Brazil has been on a plateau after a period of increase, and may be about to renew that growth. There is a general theme that oil discoveries and developments are drying up and most of the countries are looking more to gas, but with the current gas glut looking like it might end up worse than the 2014/15 oil glut that strategy may prove difficult in the near term.

Brazil

Brazil production peaked in March and has been on a plateau since (data below is through July, there should have been an August update but ANP aren’t very consistent in release dates). They have had several large FPSOs offline for maintenance (generally their FPSOs don’t have the best availability and they have had recent common mode failure issues with the high pressure gas risers, though I don’t know if this is a direct cause of the recent turnarounds). The Campos fields’ average water cut seems to be accelerating, which might also be contributing to a plateau rather than allowing a new peak.

…click on the above link to read the rest of the article…

Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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