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As this chart illustrates, oil and gas production from the top 10 deepwater countries has more than doubled in the last six years. As global demand continues to escalate, this trend is expected to increase sharply over the next few years. Production from the top 10 deepwater producing countries is set to double again, to over 9 million boepd.
Looking at the history of the key producing areas, US Gulf of Mexico has been the largest single producing region, since the beginning of the decade. Out to 2010, GOM is projected to continue its number one status, closely followed by Brazil, which will have tripled its production since 2000 and is expected to produce around 2.3 million boepd in 2009 and 2010.
It is anticipated that West Africa will continue its rapid deepwater production growth, with Angola and Nigeria collectively expected to produce as much as the US GOM by the end of the decade.
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