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  • How much oil will Asia produce in 2025?
  • Similarly to gas, close to 88% of new oil production in 2025 will come from offshore fields. Shallow water fields will contribute 321mbd, deepwater and ultra-deepwater developments will bring on 94 and 40mbd respectively by 2025. The remaining 12% of Asia¡¯s oil and condensate production in 2025, or 64mbd, will come from onshore fields.
  • How many oil and gas projects are there in 2025?
  • By 2025, the projects will contribute around 518 thousand barrels per day (mbd) to global oil production and close to 11.5 billion cubic feet per day (bcfd) to global gas production. The majority of new developments, or 76 projects, fall under an early-stage category, while 54 of new projects have progressed to well-defined development plans.
  • How many oil & natural gas projects will start in Asia?
  • GlobalData expects that 130 new crude and natural gas projects will start operations in Asia over the next eight years. By 2025, the projects will contribute around 518 thousand barrels per day (mbd) to global oil production and close to 11.5 billion cubic feet per day (bcfd) to global gas production.
  • Where did Chevron start oil & natural gas production?
  • Houston, Texas, August 12, 2024 ¡ªChevron Corporation** (NYSE: CVX) announced today that it started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico.