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OPEC Production vs Capacity Chart

Spare Capacity (mln b/d) - 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 Q1 2019 Q2 2019 Q3 2019 Q4 2019 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 2019 Q2 2019 Q3 2019 Q4 2019
1 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 1.7 2.7 2.3 2.8 3.6 4.6 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 32.55 32.78 30.55 30.03 29.42 29.81

OPEC Production by Country

Crude Production (mln b/d) -
Country 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 2019 Q2 2019 Q3 2019 Q4 2019
Algeria 1.10 1.09 1.12 1.12 1.05 1.06 1.06 1.02 1.01 1.03 1.06 1.07 1.03 1.02 1.02 1.02
Angola 1.77 1.74 1.73 1.61 1.64 1.64 1.67 1.63 1.55 1.49 1.48 1.46 1.43 1.43 1.35 1.33
Ecuador 0.54 0.55 0.55 0.54 0.53 0.53 0.54 0.53 0.52 0.53 0.53 0.52 0.52 0.53 0.55 0.50
Equatorial Guinea2 - - - - - 0.083 0.124 0.135 0.13 0.12 0.12 0.11 0.11 0.11 0.11 0.12
Gabon - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.19 0.19 0.17 0.21 0.21 0.21 0.20
Indonesia6 0.71 0.74 0.74 0.747 -8 -9 -10 -11 -12 -13 -14 -15 -16 -17 -18 -19
Iran 3.15 3.59 3.67 3.77 3.79 3.77 3.83 3.82 3.81 3.81 3.61 3.04 2.73 2.43 2.20 2.14
Iraq 4.28 4.29 4.41 4.62 4.43 4.47 4.50 4.45 4.46 4.47 4.62 4.65 4.64 4.72 4.79 4.67
Kuwait20 2.83 2.82 2.89 2.86 2.70 2.71 2.70 2.70 2.70 2.71 2.80 2.78 2.71 2.69 2.65 2.66
Libya21 0.36 0.32 0.31 0.57 0.66 0.71 0.94 0.99 1.01 0.89 0.90 1.06 0.95 1.15 1.09 1.16
Nigeria 1.76 1.52 1.39 1.44 1.40 1.49 1.64 1.59 1.66 1.51 1.63 1.65 1.66 1.73 1.80 1.79
Qatar22 0.66 0.66 0.64 0.64 0.61 0.62 0.60 0.61 0.60 0.61 0.61 0.61 -23 -24 -25 -26
Republic of Congo27 - - - - - - - - - 0.3328 0.32 0.33 0.35 0.36 0.34 0.35
Saudi Arabia29 10.21 10.32 10.62 10.55 9.90 9.98 9.99 9.99 9.95 10.14 10.43 10.78 10.06 9.76 9.49 10.05
UAE 2.81 2.91 3.09 3.13 2.93 2.93 2.93 2.90 2.84 2.88 3.00 3.27 3.06 3.05 3.07 3.09
Venezuela30 2.36 2.22 2.15 2.13 2.04 2.02 1.99 1.76 1.54 1.36 1.25 1.27 1.09 0.85 0.75 0.74
Total31 32.56 32.99 33.54 33.94 31.88 32.22 32.71 32.33 31.99 32.06 32.55 32.78 30.55 30.03 29.42 29.81

OPEC Country News

ADM to Acquire a Further Interest in OML 113 from EER
ADM Energy plc (February 24, 2020)
Kosmos Energy Announces Fourth Quarter and Full Year 2019 Results
Kosmos Energy Ltd (February 24, 2020)
INPEX Signs MoU on gas supply from Abadi LNG Project, Masela Block, Indonesia
Inpex Corporation (February 20, 2020)
Inpex Signs MoU on Gas Supply from Abadi LNG Project, Masela Block, Indonesia
Inpex Corporation (February 20, 2020)
Petrofac Awarded US$40 Million Project by Sharjah National Oil Corporation
Petrofac (February 20, 2020)
Pan Ocean Commits to the Smooth Transfer of OML 98
Pan Ocean Oil Corporation (February 18, 2020)
National Energy Services Reunited Corp. Announces Agreement to Acquire SAPESCO
National Energy Services Reunited Corp. (February 13, 2020)
Marathon Oil Announces $2.2 Billion 2020 Development Capital Budget and Reports Fourth Quarter and Full Year 2019 Results
Marathon Oil Corp. (February 12, 2020)
Nigeria LNG Signs 10 Year LNG Supply Deal with Galp Trading
Nigeria LNG (February 12, 2020)
Noble Energy Announces 2020 Capital Budget and Outlook Highlighting Capital Efficiency and Major Project Impacts
Noble Energy (February 12, 2020)
Qatargas Signs Long Term SPA With Shell to Supply LNG to Kuwait
Qatar Petroleum (February 10, 2020)
Exclusive: BP Eyes Sale of Algerian Gas Plant After Rosneft Talks Fail - Sources
BP Plc. (February 06, 2020)
NDT Global Acquired by Eddyfi/NDT
Eddyfi NDT Inc. (February 05, 2020)
Oryx Petroleum Announces Results of Haute Mer B Arbitration
Oryx Petroleum Corporation Limited (February 05, 2020)
Update on Acquisition of Economic Interest in the Oza Oil Field, Niger Delta of Nigeria
Asian Mineral Resources Limited (February 05, 2020)
TAQA Set to be Regional Utilities Champion Following Offer from ADpower
TAQA (February 03, 2020)
TAQA Announces Receipt of Offer from ADpower
TAQA (February 03, 2020)
Qatargas Delivers Commissioning LNG Cargo to India’s Mundra Terminal
Qatar Petroleum (February 02, 2020)
Termination of Bulu PSC Acquisition
Coro Energy Plc (January 31, 2020)
Reverse Takeover of Baron Oil plc
SundaGas Pte. Ltd. (January 28, 2020)
Update on Proposed Reverse Takeover with Sundagas and Resumption of Trading on Aim
Baron Oil PLC (January 28, 2020)
ENI Signs a Liquefied Natural Gas Supply Agreement with Nigeria LNG
ENI (January 27, 2020)
Seplat to Acquire More Upstream Assets
Seplat Petroleum Development Company Plc (January 27, 2020)
ENI Announces a Gas and Condensate Discovery in the Uae Sharjah Emirate
ENI (January 27, 2020)
Iran’s Petropars Developing South Pars Gas Field After Withdrawal of Foreign Companies
Petropars (January 25, 2020)
Panoro Energy Announces Completion of the Second Tortue Phase 2 Development Well, Offshore Gabon
Panoro Energy ASA (January 22, 2020)
Nigeria LNG signs 10-year deal with Total
Total (January 22, 2020)
Mubadala Petroleum Completes Farmout of a 20% Participating Interest in Both the Andaman I and South Andaman PSCs in Indonesia
Mamoura Diversified Global Holding PJSC (January 21, 2020)
Exclusive: BP Pulls Out of Iraq's Kirkuk Field as Expansion Plans Stall
North Oil Company (January 21, 2020)
Operational and Corporate Update
Gulf Keystone Petroleum Ltd (January 21, 2020)
Wood Cements Position as Strategic Partner to Saudi Aramco
Wood Group (January 21, 2020)
Vaalco Announces Operational Update Including Successfully Restoring Production at Etame 10h and Etame 4h Wells
Vaalco Energy Inc (January 21, 2020)
New Strategic Investor Through Block Sale of Ordinary Shares Held Under the Investor Sharing Agreement ("ISA") and Termination of the ISA
Anglo African Oil & Gas Plc (January 21, 2020)
Put and Call Option with Zenith
Zenith Energy Ltd. (January 21, 2020)
ENI and ADNOC Sign a Memorandum of Understanding on Joint Research Activities on Sustainable Energy for the Future
ENI (January 20, 2020)
Marubeni Signs a Power Purchase Agreement for Al Kharsaah Solar PV IPP Project in Qatar
Marubeni Corporation (January 20, 2020)
SNC-Lavalin Awarded Oil and Gas Contract from Al Dhafra Petroleum, United Arab Emirates
SNC-Lavalin Group Inc. (January 20, 2020)
Total to Develop Qatar’s First Large-scale (800 MWp) Solar Plant
Total (January 20, 2020)
International Maritime Industries Signs Two "New Build Rig Orders" With ARO Drilling
Saudi Aramco (January 19, 2020)
ARO Drilling Orders Two Super 116E Jack-Up Units from International Maritime Industries
Saudi Aramco (January 19, 2020)
ENI Has Been Awarded a New Exploration and Production License in the Namibe Basin Offshore Angola
ENI (January 17, 2020)
Angola 2019 Licensing Round: Result of Public Tenders
ENI (January 16, 2020)
Eni, Total Among Winners of Rights to Develop Angolan 'frontier' Blocks
ENI (January 16, 2020)
Update on Tawke PSC
Genel Energy Plc (January 14, 2020)
Petrobras Completes Sale of PO&GBV
Petrobras (IFRS US$ Current) (January 14, 2020)
Africa Oil Announces the Closing of the Acquisition of Producing Assets in Deepwater Nigeria
Africa Oil Corp (January 14, 2020)
Acquisition of AAOG Congo
Zenith Energy Ltd. (January 13, 2020)
Anglo African Oil & Gas Plc: Put and Call Option with Zenith
Anglo African Oil & Gas Plc (January 13, 2020)
Vaalco Announces Etame 11h Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate
Vaalco Energy Inc (January 08, 2020)
Update on Taq Taq PSC
Genel Energy Plc (January 06, 2020)

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