Global deepwater production is expected to reach a record high level this year, according to a report by independent energy research and business intelligence company Rystad Energy.
Deepwater production around the world is estimated to surpass 10 million barrels per day (mbpd) in 2019, Rystad Energy said in its report published Friday.
"With new fields starting up in Brazil and Gulf of Mexico, we expect the total deepwater liquid production to reach 10.3 mbpd in 2019," it said.
"This is an increase of 700,000 barrels per day compared to 2018," it added.
The company also confirmed that Angola, Norway and Nigeria are the largest deepwater producers, in addition to Brazil and the U.S.
According to the report, global deepwater liquid production was close to 10 mbpd in 2010, but subsequently showed declines and hit a low point of approximately 8 mbpd in 2013, but increased in later years.
From 2016 through 2018, global deepwater production remained just below 10 million bpd, the report showed.
After surpassing 10 million bpd in 2019, global deepwater production is anticipated to remain around that level in 2020, the report maintains.
By Ovunc Kutlu