Forecast of 1998 offshore drilling worldwide*

	Wells	Wells
	forecast	drilled	%
Region or country	1998	1997	Diff.
North America	1,302	1,195	9.0
Canada	14	5	180.0
Cuba	2	1	100.0
Mexico	35	22	59.1
U.S. - Alaska	10	7	42.9
U.S. - Gulf of Mexico	1,210	1,124	7.7
U.S. - California	30	35	– 14.3
Others	1	1	0.0
South America	172	124	38.7
Argentina	2	1	100.0
Brazil	100	76	31.6
Chile	6	5	20.0
Peru	18	11	63.6
Trinidad & Tobago	40	31	29.0
Others	6	0	...
Western Europe	653	629	3.8
Denmark	27	21	28.6
France	1	0	...
Germany	2	2	0.0
Italy	34	29	17.2
Netherlands	45	44	2.3
Norway	193	180	7.2
United   Kingdom	347	347	0.0
Others	4	6	– 33.3
Eastern Europe	42	31	35.5
Albania	1	1	0.0
Bulgaria	1	1	0.0
Croatia	1	0	...
Former Soviet Union	32	22	45.5
Rusian Federation	n.a.	n.a.	...
Others**	32	22	45.5
Poland	3	3	0.0
Romania	4	4	0.0
Africa	432	385	12.2
Angola	78	59	32.2
Cameroon	14	19	– 26.3
Congo	68	60	13.3
Egypt	94	89	5.6
Gabon	18	12	50.0
Libya	4	5	– 20.0
Nigeria	113	105	7.6
South Africa	6	6	0.0
Tunisia	5	3	66.7
Others	32	27	18.5
Middle East	227	215	5.6
Iran	15	14	7.1
Neutral Zone	22	25	– 12.0
Qatar	78	74	5.4
Saudi Arabia	16	15	6.7
Turkey	1	0	...
UAE-Abu Dhabi	78	76	2.6
UAE-Dubai	10	8	25.0
Others	7	3	133.3
Far East	760	643	18.2
Brunei	23	29	– 20.7
China	90	90	0.0
India	63	84	– 25.0
Indonesia	180	154	16.9
Malaysia	109	46	137.0
Myanmar	7	7	0.0
Pakistan	1	0	...
Philippines	4	2	100.0
Thailand	202	163	23.9
Viet Nam	61	53	15.1
Others	20	15	33.3
South Pacific	118	121	– 2.5
Australia	115	121	– 5.0
New Zealand	3	0	...
World Total	3,706	3,343	10.9

  * Some countries are estimated.
** Contains some country estimates that may not be complete.
n.a. - Not available.

A Special Report on the Oil Outlook from World Oil

Copyright © 1999 World Oil
Copyright © 1999 Gulf Publishing Company