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Canada tracking to 6.2 million barrels per day and one major BC gas field could double natural gas production
Saturday, June 16, 2012 16:53
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1. The Canadian Association of Petroleum Producers has an updated oil forecast.
The new forecast has an increase of 800,000 barrels per day over last years forecast for 2025
The US is heading to over 10 million barrels per day of crude oil by 2020 because of shale oil and tight oil in North Dakota and Texas.
Russia looks likely to maintain over 10 to 11 million barrels per day for many decades with the oil in its Bazhenov formation and deep water oil.
Iraq could get production up to 6 to 10 million barrels per day in the 2018-2022 timeframe and maintain that level of production for many decades.
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