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OPEC Production vs Capacity Chart

Spare Capacity (mln b/d) - Crude Production (mln b/d) -
Country Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
1 4.9 4.1 3.6 3.8 4.0 3.0 3.1 3.2 3.0 2.8 2.2 2.4 1.4 1.2 0.7 1.1 1.5 1.8 1.6 - 30.00 30.10 30.53 30.52 30.48 31.79 31.74 32.35 32.56 32.99 33.54 33.94 31.88 32.22 32.71 32.33 31.99 32.06 32.18 -

OPEC Production by Country

Crude Production (mln b/d) -
Country Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Algeria 1.11 1.11 1.12 1.11 1.10 1.09 1.12 1.12 1.05 1.06 1.06 1.02 1.01 1.03 1.062 -
Angola 1.77 1.76 1.77 1.78 1.77 1.74 1.73 1.61 1.64 1.64 1.67 1.63 1.55 1.49 1.473 -
Ecuador 0.55 0.55 0.53 0.53 0.54 0.55 0.55 0.54 0.53 0.53 0.54 0.53 0.52 0.53 0.534 -
Equatorial Guinea5 - - - - - - - - - 0.086 0.127 0.138 0.13 0.12 0.129 -
Gabon - - - - - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.19 0.1810 -
Indonesia11 - - - 0.67 0.71 0.74 0.74 0.7412 -13 -14 -15 -16 -17 -18 -19 -
Iran 2.82 2.85 2.87 2.88 3.15 3.59 3.67 3.77 3.79 3.77 3.83 3.82 3.81 3.81 3.7520 -
Iraq 3.49 4.22 4.24 4.17 4.28 4.29 4.41 4.62 4.43 4.47 4.50 4.45 4.46 4.47 4.5621 -
Kuwait22 2.80 2.77 2.78 2.73 2.83 2.82 2.89 2.86 2.70 2.71 2.70 2.70 2.70 2.71 2.8023 -
Libya24 0.37 0.46 0.38 0.43 0.36 0.32 0.31 0.57 0.66 0.71 0.94 0.99 1.01 0.89 0.6725 -
Nigeria26 1.81 1.78 1.80 1.90 1.76 1.52 1.39 1.44 1.40 1.49 1.64 1.59 1.66 1.51 1.5227 -
Qatar 0.67 0.66 0.64 0.67 0.66 0.66 0.64 0.64 0.61 0.62 0.60 0.61 0.60 0.61 0.6228 -
Republic of Congo29 - - - - - - - - - - - - - 0.3330 0.3131 -
Saudi Arabia32 9.86 10.33 10.29 10.21 10.21 10.32 10.62 10.55 9.90 9.98 9.99 9.99 9.95 10.14 10.3533 -
UAE 2.84 2.87 2.92 2.89 2.81 2.91 3.09 3.13 2.93 2.93 2.93 2.90 2.84 2.88 2.9834 -
Venezuela 2.39 2.43 2.40 2.38 2.36 2.22 2.15 2.13 2.04 2.02 1.99 1.76 1.54 1.36 1.2635 -
Total36 30.48 31.79 31.74 32.35 32.56 32.99 33.54 33.94 31.88 32.22 32.71 32.33 31.99 32.06 32.18 -

OPEC Country News

ADNOC Prepares Sale of Stake in Infrastructure Assets - Sources
ADNOC (October 18, 2018)
Proposed Disposal of 95% Shareholding Interest in Pt. IEV Gas
P.T. Semesta Energi Services (October 16, 2018)
Occidental Petroleum Confirms it Will No Longer Pursue Contract Extension for Idd El-shargi North Dome Offshore Field in Qatar
Occidental Petroleum Corporation (October 15, 2018)
ADNOC Aims to Deepen Energy Partnership Opportunities with India
ADNOC (October 15, 2018)
Maurel & Prom Confirms it is Working on the Acquisition of Shell's Stake in the Urdaneta West Field in Venezuela
Maurel & Prom SA (October 12, 2018)
Kosmos Energy Announces Results of Pontoenoe-1 Well and Provides Operational and Financial Update
Kosmos Energy Ltd (October 10, 2018)
Peshkabir Production Pushes 50,000 Bopd
DNO ASA (October 09, 2018)
Spud of Well TLP-103C
Anglo African Oil & Gas Plc. (October 09, 2018)
National Oil Corporation and Eni and BP Have Agreed to Resume Exploration in Libya
BP Plc. (October 08, 2018)
Petrofac Secures Us$50 Million Contract Extension in Iraq
Petrofac (October 08, 2018)
ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC Drilling Into a Fully-integrated Drilling and Well Construction Business
General Electric Company (October 08, 2018)
Eni, BP and NOC Sign Deal to Resume Libyan Exploration
BP Plc. (October 08, 2018)
National Oil Corporation, BP and Eni Agree to Work to Resume Exploration in Libya
BP Plc. (October 08, 2018)
National Oil Corporation, BP and ENI Agree to Work to Resume Exploration in Libya
BP Plc. (October 08, 2018)
Portugal’s Metalogalva Acquires 40% in Al Babtain’s Unit
Metalogalva - Irmãos Silvas, SA (October 08, 2018)
Total and Sonatrach Strengthen Their Cooperation in Natural Gas and Petrochemicals in Algeria
Total (October 07, 2018)
Total and Sonatrach Strengthen Their Cooperation in Natural Gas and Petrochemicals in Algeria
Total (October 07, 2018)
Aker Solutions to Provide Brownfield Services for Bp in Angola
Aker Solutions ASA (October 04, 2018)
LetterOne and BASF Have Agreed to Merge Their Oil and Gas Businesses to Create Wintershall DEA
Wintershall (September 27, 2018)
BASF and LetterOne Sign Agreement to Merge Wintershall and DEA
Wintershall (September 27, 2018)
OMV Started Production in Abu Dhabi
OMV (September 27, 2018)
Qatar Petroleum Increases LNG Production Capacity from 77 to 110 Million Tons Annually
Qatar Petroleum (September 26, 2018)
AboitizPower Invests in AC Energy’s Thermal Power Company
Aboitiz Power Corporation (September 26, 2018)
ADNOC LNG Awards AED 3.16 Billion Epc Contract for Phase 2 of Integrated Gas Development Expansion Project
ADNOC (September 26, 2018)
Tenaris to Acquire Significant Stake in Saudi Steel Pipe Company
Tenaris S.A. (September 25, 2018)
Kuwait Energy Plc (“KE” Or “the Company”) Announces Agreement with United Energy Group Limited (“UEG”) for the Sale of its Entire Issued Share Capital
Kuwait Energy (September 24, 2018)
United Energy Group Acquires Kuwait Energy Plc for Up to US$651 Million
United Energy Group Limited (September 24, 2018)
Noble Corporation Plc Announces Purchase of Newbuild Jackup and Secures Initial Contract Award
Noble Energy (September 21, 2018)
Noble Corporation PLC Announces Purchase of Newbuild Jackup and Secures Initial Contract Award (September 21, 2018)
RWE Talks German LNG Supply with African Producers
RWE AG (September 20, 2018)
Seven Energy Transaction and Operational Update
Savannah Petroleum Plc (September 20, 2018)
Update on the Transaction Between Vivo Energy and Engen Holdings
Vivo Energy (September 18, 2018)
Opuama and Ubima Update
Eland Oil & Gas PLC (September 18, 2018)
Nebras Power Investment Management B.V., a Dutch Affiliate of Nebras Q.s.c. Signs Agreement to Acquire 75% Equity Stake in Zon Exploitatie Nederland Holding B.V.
Nebras Power Q.S.C. (September 16, 2018)
Ophir Announces Strategic Update
Ophir Energy plc (September 13, 2018)
MCR Oil Tools, LLC and Azr Petroleum Company (APC) Announce Strategic Joint Venture for Manufacturing, Production and R&d of Tools and Products of MCR Oil Tools in Saudi Arabia
MCR Oil Tools, LLC (September 12, 2018)
MCR Oil Tools, LLC and Azr Petroleum Company (apc) Announce Strategic Joint Venture for Manufacturing, Production and R&d of Tools and Products of Mcr Oil Tools in Saudi Arabia
MCR Oil Tools, LLC (September 12, 2018)
Sonoro Energy Enters Into a Strategic Alliance and Provides Update on Operations
Sonoro Energy Ltd. (September 11, 2018)
Saudi Aramco Awards China Harbour Engineering Arabia a Contract to Construct Two (2) Drilling Islands Under Berri Oilfield Increment Program
Saudi Aramco (September 11, 2018)
Qatargas announces a 22-year LNG Sale and Purchase Agreement with PetroChina
Qatar Petroleum (September 10, 2018)
the Oil Minister of Iraq Jabbar Ali Hussein Luaibi Meets Eni’s Ceo Claudio Descalzi
ENI (September 09, 2018)
Update on TLP 103 well on Tilapia field
Anglo African Oil & Gas Plc. (September 07, 2018)
Petrolia Energy Sells Bow Energy While Keeping Stake in Indonesian Assets
Petrolia Energy Corporation (September 05, 2018)
Temporary Suspension of Drilling TLP-103 at Tilapia Oil Field
Anglo African Oil & Gas Plc. (September 05, 2018)
Saudi Aramco Awards BHGE Integrated Services Contract
Saudi Aramco (September 04, 2018)
Sale of Angolan Interests
Soco International (September 03, 2018)
South East Asia: First Indonesian Acquisition
Coro Energy Plc (September 03, 2018)
Sale of Angolan Interests
Soco International (September 03, 2018)
Panoro Energy Announces Oil Discovery at Dussafu, Offshore Gabon
Panoro Energy ASA (August 31, 2018)
Conditional Acquisition of Indonesian Oil Project
Andalas Energy and Power plc (August 29, 2018)

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