Introduction
Having witnessed in 2008 the first major signal that future conventional oil and gas supplies will become much harder to find and more expensive to develop, Datamonitor is publishing a range of onshore and offshore oil and gas production forecasts set against a backdrop of consumption and trade forecasts across the North and Latin America region.
Scope of this research
- Insight on oil and gas production trends in the producing regions across the Americas, along with 10 year production forecasts.
- Forecasts of oil and gas consumption in specific countries across North and Latin America.
- Forecasts of oil and gas consumption in specific countries across North and Latin America.
- Understanding of the changing nature of production capability in specific markets and how this will change over time.
Research and analysis highlights
Oil production in the US peaked in 1970 as the old onshore fields of the southern states began to deplete. Despite new output from Prudhoe Bay in Alaska and from shallow waters in the Gulf of Mexico, production has never recovered and, since 1996, decline has been almost continuous.
Brazilian oil production has been increasing rapidly since 1996 as deep water developments in the Campos basin off Rio de Janeiro State have got underway. Despite the need for pioneering technologies and some setbacks, deep waters are now fundamental to the Brazilian oil industry.
Most Colombian oil production comes from the Magdalena Valley north of Bogota and from the Andean foothills. Output peaked in 1999, although a major recovery in output is occurring in the short term as new heavy oil developments go ahead.
Key reasons to purchase this research
- Gain understanding of which markets will see increased production levels over the next decade.
- Identify potential commercial opportunities through an understanding of changing demand and supply dynamics in specific markets.
- Analyse the changing balance between on and offshore production.