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Deepwater production to go up globally
Nov 02: Even while there is a slump in investments, deepwater oil and gas contribute a significant portion of the world's total oil and gas output.
8Globally, offshore oil production accounted for about 30% of total oil production over the past decade.
8The majority of deepwater or ultra deepwater production occurs in four countries: Brazil, the United States, Angola, and Norway.
8Each of these countries has realized an increasing share of crude oil production from deepwater or ultra deepwater projects over the previous decade.
8The United States and Brazil together account for more than 90% of global ultra deepwater production, with ultra deepwater production expected to increase in 2016 and 2017 in both countries.
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