OECD oil production is rising once again. In the North Sea, production peaked at 6.82 million barrels per day (mmbpd) in November 1999 and has since fallen 56% to 2.98 mmbpd. This decline has been more than compensated by rising production in N America. The N American low point was 12.9 mmbpd in October 2008 and has since been lifted by shale oil and tar sands production to 17.1 mmbpd, a rise of 4.2 mmbpd.
Figure 1 Crude oil + condensate + natural gas liquid (NGL) production for 12 selected OECD countries. The 22 OECD countries that are not shown either have zero or negligible oil production. Data to July 2013 provided by the US Energy Information Agency (EIA). 14 more charts below the fold.
The Organisation for Economic Development and Cooperation (OECD) has 34 member states. Of those, only the USA, Canada, Mexico, Norway the UK and Australia have significant oil production (Figure 1). Only Canada, Mexico and Norway export oil. The production stack for these 6 together with 6 other member states with measurable oil production is shown in Figure 1. The remaining 22 countries have either zero or negligible indigenous oil supply which is a major factor in shaping the global political economy.
Figure 2 Oil production for the USA. The spikes down in 05 and 08 are due to hurricanes closing production in the Gulf of Mexico. Much of the recent growth in US production has come from shale oil.
Figure 3 Oil production in Canada. The steady growth in Canadian production has come from progressive exploitation of the Alberta tar sands, supplemented in recent years by shale oil.
Figure 4 The growth in Mexican production since 1994 was down to development of and nitrogen injection into the Giant Cantarel oil field. Once injected nitrogen hit the production wells the field went into decline. Nitrogen injection was then diverted to the neighbouring Ku-Maloob-Zaap complex of fields and this stabilised the decline in Mexican production. Once injected nitrogen hits these producers, Mexico will carry on down. With this knowledge, Mexico is now opening oil exploration to foreign companies.
Figure 5 Production stack for North America where production growth in the USA and Canada is leading overall OECD production higher.
Figure 6 Norwegian oil production plateaued around 2000 and since has been in relentless decline that seems typical for off shore developments. The annual cycle reflects scheduled maintenance that takes place late summer. Norway has some large new developments to come, especially the giant Johan Sverdrup field towards the end of this decade that will halt decline for a few years.
Figure 7 UK oil production, that includes a small amount of onshore oil, has been in decline since the year 2000. Despite record high spending in recent years, production has continued to decline, which is a worry for companies, Aberdeen and the UK government. There are a couple of large new developments in the pipe line that will provide a little respite.
Figure 8 Denmark is a small North Sea producer that has gone the same way as Norway and the UK.
Figure 9 Oil production stack for the North Sea. Norway has significant production off shore mid Norway and further North towards the Barents Sea that is all lumped together as “North Sea”. And the UK has a tiny amount of onshore production that is also included in this chart.
Figure 10 The Netherlands is a giant gas producer but was not endowed with significant oil. Current production is less than 50,000 bpd. The structure most likely reflects small new fields being developed.
Figure 11 Germany is also a small producer with less than 60,000 bpd production.
Figure 12 French production comes mainly from The Paris Basin which is mature and in decline. France is now an insignificant oil producer with less than 20,000 bpd.
Figure 13 Italy has a significant petroleum system in the southern Apennines providing about 100,000 bpd.
Figure 14 Australia is a significant OECD producer from several small basins scattered around the continent. Production is tiny given Australia’s size. With major gas developments in progress on the NW shelf, the NGL component may well rise in the years ahead.
Figure 15 New Zealand is a small producer, currently less than 50,000 bpd. The structure most likely reflects new field development.
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