Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
Oil & Gas - Douglas-Westwood
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Long-term liquids supply outlook – a narrowing of views<br />
Current tProduction Capacity<br />
Current Production<br />
• Supply forecasts range from 75 –<br />
105 Mbpd for 2030<br />
• All are essentially peak oil<br />
forecasts<br />
• A quiet consensus is emerging<br />
• <strong>Oil</strong> supply looks unlikely to keep up<br />
with demand d over time<br />
100<br />
80<br />
60<br />
40<br />
20<br />
IEA, EIA, IOC’s<br />
<strong>Douglas</strong>‐<strong>Westwood</strong><br />
Total<br />
Petrobras<br />
Uppsala University*<br />
i * Only material difference between<br />
Uppsala and IEA is depletion rates<br />
on fields to be discovered and<br />
developed to 2030<br />
0<br />
Year 2030<br />
Range of Global <strong>Oil</strong> Supply Forecasts – 2030 – All Liquids<br />
Source: various<br />
10
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