RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2014-03-03 16:38:00

OWER 670,000 OIL & GAS WELLS

OWER 670,000 OIL & GAS WELLS

Over 670,000 new oil wells will need to be drilled in order to meet global energy demands according to a report published by energy business research group Douglas-Westwood.

The report states that global demand will increase by 17% by 2020 and the new wells are needed to meet this rise in consumption. 

DW’s ‘World Development Drilling & Production Forecast’ published today, states that in 2013 oil & gas development wells drilled totalled over 79,000, but in 2020 well numbers will need to exceed 106,000.

“As the easiest-to-access oil and gas reserves deplete, each year we have to drill more and more wells for less and less production per well. Over the period, numbers of development wells drilled need to grow 35% to enable oil & gas production to meet an expected…

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Get full access:
Tags: OIL, GAS, WELL
Chronicle:
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:25:00
IRAN'S GAS TO IRAQ UP
An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer.
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:20:00
ENI, SONATRACH GAS CONTRACT
Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea.
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:15:00
INDIA'S RENEWABLE UP
Renewables accounted for 9.2% of India’s total power generation in fiscal 2018/19, shows data by the Central Electricity Authority (CEA).
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:10:00
U.S. SMALL NUCLEAR FUEL
NuScale Power and Enfission, LLC are to work together to explore the use of Enfission's next-generation nuclear fuel technology in NuScale's small modular reactors (SMRs) under a newly announced memorandum of understanding (MoU).
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:05:00
U.S. INDUSTRIAL PRODUCTION DOWN 1.9%
Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter.
OWER 670,000 OIL GAS WELLS
2019, May, 17, 07:00:00
UZBEKISTAN'S GDP UP 5%
In 2018, GDP growth picked up moderately to 5 percent as adverse weather impacted agriculture and bottlenecks in energy and water slowed economic growth, despite strong investment growth.
OWER 670,000 OIL GAS WELLS
2019, May, 17, 06:55:00
PAKISTAN NEED HELP
Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position. This reflects the legacy of uneven and procyclical economic policies in recent years aiming to boost growth, but at the expense of rising vulnerabilities and lingering structural and institutional weaknesses.
All Publications »