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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 2.7 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 32.78

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 1.07
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 1.46
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 0.52
Equatorial Guinea2 - - - - - - - - - 0.083 0.124 0.135 0.13 0.12 0.12 0.11
Gabon - - - - - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.19 0.19 0.17
Indonesia6 - - - 0.67 0.71 0.74 0.74 0.747 -8 -9 -10 -11 -12 -13 -14 -15
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 3.04
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 4.65
Kuwait16 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 2.78
Libya17 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 1.06
Nigeria18 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 1.65
Qatar19 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 0.61
Republic of Congo20 - - - - - - - - - - - - - 0.3321 0.32 0.33
Saudi Arabia22 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 10.78
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 3.27
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 1.27
Total23 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

OPEC Country News

Medcoenergi Announces Completion of Acquisition of Ophir Energy plc
Medco Energi International tbk PT (May 22, 2019)
Gran Tierra Energy Inc. Announces Formal Signing of Ecuador Blocks
Gran Tierra Energy Inc. (May 22, 2019)
Completion of Acquisition
Medco Energi International tbk PT (May 21, 2019)
ENI and Sonatrach Strengthen Their Relationship by Extending the Gas Supply Contract Until 2027
ENI (May 16, 2019)
Wellpro Group announces Middle East expansion
Wellpro Group (May 16, 2019)
Pan Orient Energy Corp.: 2019 First Quarter Financial & Operating Results
Pan Orient Energy Corp. (May 15, 2019)
Anadarko Agrees to be Acquired by Occidental
Occidental Petroleum Corporation (May 09, 2019)
Chevron Will Not Increase Offer to Acquire Anadarko
Chevron Corporation (May 09, 2019)
Occidental to Acquire Anadarko
Occidental Petroleum Corporation (May 09, 2019)
The Government Announces Schedule for Phase II of Conventional Oil and Gas Wk Auction in 2019 (May 08, 2019)
Thailand Concession L53 Production Averages 2,824 Bopd
Pan Orient Energy Corp. (May 08, 2019)
Reservoir Capital Corp. Enters Into Definitive Agreement to Triple its Indirect Interest in Mainstream Energy Solutions Limited
Reservoir Capital Corp. (May 07, 2019)
ADNOC and ExxonMobil CEOs Discuss New Opportunities During Visit to Review Progress of US$ 30 Billion Upper Zakum Expansion
ADNOC (May 07, 2019)
Conventional Oil and Gas WK is Again Auctioned, Including West Ganal and West Kaimana (May 07, 2019)
Sonoro Energy Ltd. Announced as Winner of Selat Panjang PSC Block in Sumatra, Indonesia
Sonoro Energy Ltd. (May 07, 2019)
Iraq Close to Signing $53 Billion Deal with Exxon, Petrochina; Denies Iran Link
ExxonMobil (May 07, 2019)
Indonesia’s Two-working Area’s Auction Reached US$116.7m
KUFPEC (May 07, 2019)
Anadarko Board Determines Revised Proposal from Occidental Constitutes a "Superior Proposal"
Anadarko Petroleum Corp. (May 06, 2019)
Kosmos Energy Announces First Quarter 2019 Results
Kosmos Energy Ltd (May 06, 2019)
Occidental Delivers Revised Proposal to Acquire Anadarko
Occidental Petroleum Corporation (May 05, 2019)
Anadarko Confirms Receipt of Revised Proposal from Occidental
Occidental Petroleum Corporation (May 05, 2019)
Total Agrees with Occidental to Contingent Acquisition of Anadarko’s Assets in Africa
Total (May 05, 2019)
Occidental Agrees to Contingent Sale of Anadarko African Assets to Total for $8.8 Billion
Total (May 05, 2019)
GSIL to Acquire 70% Stake in GSPC
Gujarat State Investment Ltd (May 04, 2019)
BASF and LetterOne Complete Merger of Wintershall and DEA
LetterOne Group (May 01, 2019)
Abu Dhabi Launches Second Bid Round for Five Major Exploration Blocks with Substantial Oil and Gas Potential
ADNOC (May 01, 2019)
LetterOne and BASF Complete Merger of Wintershall and DEA
LetterOne Group (May 01, 2019)
Update on New Licence for Tilapia Oil Field
Anglo African Oil & Gas Plc. (April 30, 2019)
Anadarko Intends to Resume Negotiations with Occidental
Occidental Petroleum Corporation (April 29, 2019)
Saudi TAQA Drilling Unit to Buy Schlumberger's Middle East Rigs
TAQA (April 28, 2019)
Sonoro Energy Ltd Announces Bid Submission for Selat Panjang PSC in Sumatra, Indonesia
Sonoro Energy Ltd. (April 25, 2019)
Shanghai Electric Signs MOU with Saudi's ACWA Power to Co-develop Global Solar Projects
Shanghai Electric Group Company Limited (April 25, 2019)
ENI and Sonatrach Sign Memorandum of Understanding for Long Term Gas Supply and Transportation
ENI (April 25, 2019)
Occidental Makes Superior Proposal to Acquire Anadarko
Occidental Petroleum Corporation (April 24, 2019)
Anadarko Confirms Receipt of Unsolicited Proposal from Occidental
Occidental Petroleum Corporation (April 24, 2019)
Saudi Aramco to Acquire Shell’s Share of the SASREF Refining Joint Venture
Saudi Aramco (April 21, 2019)
Oil and Gas Investment Increases "passion", 2019 Oil and Gas Block Auctions Accessed 18 Companies (April 19, 2019)
ENI Enters Into Ras Al Khaimah, Signing an Exploration and Production Sharing Agreement for Block a Offshore
ENI (April 18, 2019)
First Completion of Duyung PSC Acquisition & Total Voting Rights
Coro Energy Plc (April 16, 2019)
Gulf International Services : GDI Sells Al-Doha Jackup for $1.3 Mn
Star Matrix Ltd (April 16, 2019)
Reservoir Capital Corp. Enters Into Memorandum of Understanding to Increase its Nigerian Hydro Investment
Reservoir Capital Corp. (April 16, 2019)
Twelve Seas Investment Company Signs Agreement to Combine with a UAE Company
Twelve Seas Investment Company (April 15, 2019)
10th Cargo Lifting and Corporate Update
MX Oil Plc (April 15, 2019)
Abu Dhabi Retirement Pensions and Benefits Fund Joins KKR and Blackrock in Landmark ADNOC Pipeline Infrastructure Investment Agreement
Abu Dhabi Retirement Pensions and Benefits Fund (April 14, 2019)
ADNOC and ADRPBF in Pipeline Infrastructure Investment Deal
Abu Dhabi Retirement Pensions and Benefits Fund (April 14, 2019)
Chevron Announces Agreement to Acquire Anadarko
Chevron Corporation (April 12, 2019)
Frontera Announces First Quarter 2019 Update
Frontera Energy Corporation (April 11, 2019)
Two Oil Companies and a Consortium Win Bidding for Intracampos Blocks in Ecuador
Petroleos Sudamericanos S.A. (April 10, 2019)
CGG 2D Survey Offshore Gabon Completed
CGG (April 10, 2019)
Seven Antares, Another Addition to Our Growing Fleet
Subsea 7 S.A. (April 08, 2019)

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