OPINION

Deepwater production to rise over 60%: Wood Mackenzie

DEEPWATER oil and gas production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production, according to a new Wood Mackenzie report.

Tim Daiss
Deepwater production to rise over 60%: Wood Mackenzie

Ultra-deepwater production, from depths of 5,000 feet and more is growing the fastest, the report says, and will account for more than half of all deep-water production. From just 300,000 barrels of...

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