What's new in production ///

More deepwater oil coming. Deepwater oil production, which averaged some 2.4 MMbpd worldwide in 2002, is expected to exceed 8 MMbpd over the next 15 years. Addressing delegates at the November Deep Offshore Technology Conference in Marseilles, France, John Westwood of energy analysts Douglas-Westwood (DW) said that he expected deep water to be the most significant source of domestic production for the US.

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