Archive February 1998 Vol. 219 No. 2 Outlook '98

Forecast of 1998 drilling outside the U.S.*

	Wells	Wells
	forecast	drilled	%
Region or country	1998	1997	Diff.
North America	16,156	16,128	0.2
Canada	16,014	16,005	0.1
Cuba	22	14	57.1
Mexico	110	98	12.2
Others	10	11	– 9.1
South America	3,012	2,973	1.3
Argentina	1,320	1,313	0.5
Bolivia	27	22	22.7
Brazil	212	330	– 35.8
Chile	10	8	25.0
Colombia	99	88	12.5
Ecuador	80	68	17.6
Peru	107	109	– 1.8
Trinidad & Tobago	70	57	22.8
Venezuela	1,030	948	8.6
Others	57	30	90.0
Western Europe	876	828	5.8
Austria	30	27	11.1
Denmark	27	21	28.6
France	20	19	5.3
Germany	40	38	5.3
Italy	101	78	29.5
Netherlands	75	75	0.0
Norway	193	180	7.2
United   Kingdom	380	380	0.0
Others	10	10	0.0
Eastern Europe	4,882	4,607	6.0
Albania	15	14	7.1
Bulgaria	8	7	14.3
Croatia	13	10	30.0
Czech Republic	17	15	13.3
Former Soviet Union	4,223	3,987	5.9
Rusian Federation	3,950	3,750	5.3
Others**	273	237	15.2
Hungary	45	40	12.5
Poland	83	87	– 4.6
Romania	439	406	8.1
Slovakia	9	9	0.0
Slovenia	3	3	0.0
Yugoslavia (Serbia)	27	29	– 6.9
Africa	928	852	8.9
Algeria	120	120	0.0
Angola	78	59	32.2
Cameroon	14	20	– 30.0
Congo	68	60	13.3
Egypt	242	210	15.2
Gabon	59	51	15.7
Libya	120	118	1.7
Nigeria	148	145	2.1
Tunisia	21	13	61.5
Others	58	56	3.6
Middle East	1,340	1,283	4.4
Bahrain	15	15	0.0
Iran	115	110	4.5
Iraq	n.a.	n.a.	...
Kuwait	46	40	15.0
Neutral Zone	67	65	3.1
Oman	345	330	4.5
Qatar	132	127	3.9
Saudi Arabia	305	290	5.2
Syria	70	69	1.4
Turkey	30	49	– 38.8
UAE-Abu Dhabi	135	130	3.8
UAE-Dubai	12	10	20.0
Yemen	46	37	24.3
Others	22	11	100.0
Far East	12,395	12,142	2.1
Brunei	25	31	– 19.4
China	10,460	10,355	1.0
India	292	324	– 9.9
Indonesia	1,070	1,010	5.9
Malaysia	109	46	137.0
Myanmar	32	29	10.3
Pakistan	66	62	6.5
Philippines	5	2	150.0
Thailand	210	186	12.9
Viet Nam	66	55	20.0
Others	60	42	42.9
South Pacific	333	314	6.1
Australia	300	300	0.0
New Zealand	15	6	150.0
Papua New Guinea	18	8	125.0
World Total	39,922	39,127	2.0

  * Some countries are estimated.
** Does not include Tajikistan and Uzbekistan.
n.a. - Not available.

A Special Report on the Oil Outlook from World Oil

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Copyright © 1999 Gulf Publishing Company