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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 1.7 2.5 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 32.55 32.98

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 1.06 1.072
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 1.48 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 0.53 0.524
Equatorial Guinea5 - - - - - - - - - 0.086 0.127 0.138 0.13 0.12 0.12 0.129
Gabon - - - - - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.19 0.19 0.1710
Indonesia11 - - - 0.67 0.71 0.74 0.74 0.7412 -13 -14 -15 -16 -17 -18 -19 -20
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 3.61 3.1721
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 4.62 4.6322
Kuwait23 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 2.80 2.7724
Libya25 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 0.90 1.1026
Nigeria27 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 1.63 1.6628
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 0.61 0.6129
Republic of Congo30 - - - - - - - - - - - - - 0.3331 0.32 0.3332
Saudi Arabia33 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 10.43 10.8634
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 3.00 3.2835
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 1.25 1.2536
Total37 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 32.98

OPEC Country News

Genel Energy Plc: Acquisition of Stakes in Chevron Operated Blocks in the Kri
Genel Energy Plc (January 21, 2019)
Saudi Aramco and Dubai Electricity & Water Authority Sign MoU to Foster Collaboration in New Energy, Smart Grid Applications and Management of Power Supply
Saudi Aramco (January 21, 2019)
Pertamina to Sign Rokan Oil Block Contract This Month - Director
Pertamina (January 17, 2019)
SEACOR Marine Enters Agreement to Acquire Three Additional Platform Supply Vessels from Affiliates of COSCO Shipping Group
SEACOR Marine Holdings Inc. (January 16, 2019)
African Infrastructure Investment Managers (AIIM) Invests in BBOXX, Provider of Off-grid Clean Energy Throughout Emerging Markets
African Infrastructure Investment Managers (January 16, 2019)
Agreement for Oil and Gas Exploration in UAE
RAK Gas (January 16, 2019)
ENI Enters in the UAE Sharjah Emirate Signing Areas A, B and C Onshore Exploration Concessions
ENI (January 13, 2019)
ADNOC Awards ENI and Pttep Consortium Two Offshore Exploration Blocks Following Abu Dhabi’s First-ever Competitive Open Block Licensing Round
ENI (January 12, 2019)
Trading and Operations Update
Premier Oil (January 10, 2019)
France's Maurel & Prom to Invest $400 Million in Venezuela Oil Venture: PDVSA
Maurel & Prom SA (January 08, 2019)
Ororo Field – Rig Update
Sirius Petroleum (January 01, 2019)
Qatar Petroleum Announces Acquisition of UDC’s 20% Interest in SEEF Limited
Qatar Petroleum (December 31, 2018)
Statement Regarding the Potential Acquisition of Ophir Energy Plc  by Pt Medco Energi Global Pte Ltd
Medco Energi International tbk PT (December 31, 2018)
AMES Signs Power Plant Mou with Highland Energy
Highland Energy Solution Services Limited (December 28, 2018)
ShaMaran Petroleum Corp. to Acquire Additional 7.5% Stake in Atrush
ShaMaran Petroleum Corp. (December 27, 2018)
Indonesia grants new oil blocks contracts in the third bidding round
Pertamina (December 27, 2018)
Gbetiokun Operations Update
Eland Oil & Gas PLC (December 24, 2018)
Notification of Divestment by the Majority Shareholder by the Majority Shareholder in the Downstream Business Operations
Prudent Energy & Services Ltd (December 24, 2018)
Angola: Total Will Launch a Fuel Retail Network with Sonangol
Total (December 21, 2018)
Maurel & Prom Announces the Completion of the Acquisition of Shell’s Stake in the Urdaneta West Field in Venezuela
Maurel & Prom SA (December 20, 2018)
Australia's Bass Oil Not To Comploete Transaction on North Madura PSC following Due Diligence Process
Bass Oil Limited (December 20, 2018)
ADNOC Awards Austria’s OMV 5% Stake in Ghasha Offshore Ultra-Sour Gas Concession
ADNOC (December 19, 2018)
OMV and ADNOC Signed Upstream Concession Agreement for a 5% Stake in a Mega Project Offshore UAE
OMV (December 19, 2018)
Eni announces Merakes East Gas discovery in the Indonesian offshore
ENI (December 19, 2018)
Sonangol and BP Agree to Advance Bp’s Activities in Angola
Sonangol (December 17, 2018)
ENI Announces the Approval of the Investment Plan for Merakes Development Project in Indonesia
ENI (December 17, 2018)
Operational and Corporate Update
Anglo African Oil & Gas Plc. (December 17, 2018)
Sonangol and BP Agree to Advance BP’s Activities in Angola
BP Plc. (December 17, 2018)
Rig Preparing to Spud OSMU-1 Well on OML 18
San Leon Energy Plc (December 10, 2018)
ENI Announces the Start-up of Vandumbu Field in Block 15/06, Offshore Angola
ENI (December 10, 2018)
ADNOC Awards China Zhenhua Oil a 4% Interest in its Onshore Concession
China ZhenHua Oil Company Limited (December 09, 2018)
Ophir Provides an Update on Recent Drilling Activity in Indonesia and Thailand.
Ophir Energy plc (December 07, 2018)
Gas Discovery at Paus Biru-1
Cue Energy Resources Limited (December 07, 2018)
Share Purchasing and Share Subscription to Operate a Hydroelectric Power Project in the Republic of Indonesia
Ratchaburi Electricity Generating Holding Public Company Limited (December 06, 2018)
Ubima Appraisal Update
Eland Oil & Gas PLC (December 06, 2018)
Paus Biru-1 Testing Completed
Cue Energy Resources Limited (December 04, 2018)
Acquisition of 75% Shareholding in Precision Energy
Sirius Petroleum (December 04, 2018)
Saudi Aramco Awards BHGE Major Well Services Contract for Conventional Fields in Saudi Arabia
Saudi Aramco (December 04, 2018)
Weatherford Completes Sale of Saudi Arabia Land Drilling Rigs
ADES Group (December 03, 2018)
ADES Completes Acquisition of Drilling Operations from Weatherford in Saudi Arabia
ADES Group (December 03, 2018)
BW Offshore: First Oil Cargo Offloaded from BW Adolo FPSO
BW Offshore Limited (December 03, 2018)
Sapura Energy Selected for Saudi Aramco’s Long-term Agreement Programme
SapuraKencana Petroleum Berhad (November 28, 2018)
Trident Puts Affairs in Order to Take Zafiro for ExxonMobil
Trident Energy Ltd (November 27, 2018)
ADNOC adds Germany’s Wintershall to the Ghasha Ultra-Sour Gas Concession
Wintershall (November 26, 2018)
Resumption of Drilling Compensation from the Drilling Contractor
Anglo African Oil & Gas Plc. (November 26, 2018)
Wintershall acquires stake in the largest gas and condensate fields yet to be developed in the United Arab Emirates
Wintershall (November 26, 2018)
OPL 310 Licence Relief from Expiration
Lekoil Limited (November 26, 2018)
UPDATE 1-Iran says China's CNPC replacing France's Total in gas project
CNPC (November 25, 2018)
Gabon’s New Oil Regime Threatened by Power Vacuum (November 22, 2018)
Dana Gas and Crescent Petroleum Announce 30% Gas Production Increase in Kurdistan Region
Dana Gas (November 21, 2018)

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