Market Overview – November 2011 Singapore - SBM Offshore
Market Overview – November 2011 Singapore - SBM Offshore
Market Overview – November 2011 Singapore - SBM Offshore
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Reserves (bn boe)<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
<strong>Offshore</strong> reserves<br />
Importance of offshore development<br />
1950<br />
1956<br />
1962<br />
1968<br />
1974<br />
1980<br />
1986<br />
1992<br />
1998<br />
2004<br />
Liquids Gas<br />
Source: IFPEN, IHS<br />
<strong>Offshore</strong> oil production is today around 25 million barrels/day, above a quarter<br />
of worldwide oil production (30% for gas production). Deepwater is 20% of this<br />
offshore production.<br />
Mboe/d<br />
45<br />
40<br />
35<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
1950<br />
1954<br />
1958<br />
1962<br />
<strong>Offshore</strong> is fast growing area<br />
<strong>Offshore</strong> production<br />
1966<br />
1970<br />
1974<br />
1978<br />
1982<br />
1986<br />
1990<br />
1994<br />
1998<br />
2002<br />
2006<br />
Liquids< 1000m<br />
Liquids> 1000m<br />
Gas< 1000m<br />
Gas>1000m<br />
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