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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 21.6 - - 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 31.65 - -

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 0.992 - -
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 1.503 - -
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 0.524 - -
Equatorial Guinea5 - - - - - - - - - 0.086 0.127 0.138 0.13 0.129 - -
Gabon - - - - - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.2010 - -
Indonesia11 - - - 0.67 0.71 0.74 0.74 0.7412 -13 -14 -15 -16 -17 -18 - -
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 3.8219 - -
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 4.4120 - -
Kuwait21 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 2.7122 - -
Libya23 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 0.9824 - -
Nigeria25 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 1.5926 - -
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 0.6027 - -
Saudi Arabia28 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 9.9229 - -
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 2.8730 - -
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 1.4231 - -
Total32 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 31.65 - -

OPEC Country News

Opuama-9 Update
Eland Oil & Gas PLC (June 14, 2018)
Petrofac Named Top EPC Contractor by Oil & Gas Middle East
Petrofac (June 13, 2018)
National Energy Services Reunited Corp. : Entry Into a Material Definitive Agreement, Completion of Acquisition Or Disposition of Assets, Creation of a Direct Financial Obligation Or an Obligation Under an Off-balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Changes in Control Or Registrant, Change in Directors Or Principal Officers, Change in Shell Company Status, Other Events, Financial Statements and Exhibits
National Energy Services Reunited Corp. (June 12, 2018)
Farm-out of Participating Interest in the Lemang Production Sharing Contract - Completion
Ramba Energy Limited (June 12, 2018)
Algeria - Extension of the TFT Gas Field License
Sonatrach (June 11, 2018)
Shamaran to Add 15% Stake in Atrush and Contemplated Bond Financing
ShaMaran Petroleum Corp (June 04, 2018)
Eni Looking to Reduce Stakes in Mexico and Indonesia Projects
ENI (May 31, 2018)
Total and Sonangol Strengthen Their Cooperation in Angola
Total (May 28, 2018)
Total Launches Zinia 2 Development in Deep Offshore Block 17
Total (May 28, 2018)
Commencement of Operations in Indonesia
Range Resources Limited (May 28, 2018)
Saudi Aramco Awards Halliburton Contract for Unconventional Gas Stimulation Services
Saudi Aramco (May 27, 2018)
Jadestone Energy Provides an Update on New Contract for Ogan Komering, Indonesia
Jadestone Energy Inc. (May 20, 2018)
CNOOC Opens Bonded LNG Store
CNOOC Ltd (May 17, 2018)
Rig Contract Signed for the Drilling of Ubima-1
Eland Oil & Gas PLC (May 17, 2018)
Opuama-9 Update
Eland Energy Inc. (May 16, 2018)
Update on Proposed Indonesian Acquisition
Zenith Energy Ltd. (May 16, 2018)
Additional well to be drilled at Dussafu
Panoro Energy ASA (May 16, 2018)
Farm-out of EG-24 Exploration Licence
Ophir Energy plc (May 14, 2018)
Successful Appraisal Well at the Tortue Field, Offshore Gabon
Panoro Energy ASA (May 14, 2018)
Inpex commences third unit of major geothermal project in Indonesia
Inpex Corporation (May 09, 2018)
ENI Completes the Ramp-up of Ochigufu Field, Offshore Angola
ENI (May 09, 2018)
Iraq, BP Sign Kirkuk Oilfield Development Contract, Official Says
BP Plc. (May 07, 2018)
Qatar Petroleum Awards ‘detailed Design’ Contract for North Field Expansion Offshore Jackets
Qatar Petroleum (May 06, 2018)
Indonesia Picks Four Winners in 2018 Energy Tender
ENI (May 04, 2018)
Lion Awarded East Seram Block
Lion Energy Limited (May 04, 2018)
Proposed Acquisition of a Package of Southeast Asian Assets from Santos
Ophir Energy plc (May 03, 2018)
Santos Announces Sale of Non-core Asian Assets
Santos (May 03, 2018)
ENI Awarded East Ganal Exploration Block in the Kutei Basin Indonesia
ENI (May 02, 2018)
Mx Oil Announces Updated CPR for the Aje Field
MX Oil Plc (May 01, 2018)
ADNOC Appoints Japan’s Inpex/jodco Asset Leader for Abu Dhabi’s Lower Zakum Concession
ADNOC (April 30, 2018)
Qatar Petroleum Announces 15-year Agreement for the Sale of LPG and Naphtha to Vietnam
Qatar Petroleum (April 29, 2018)
H.H. Sheikh Mohamed Bin Zayed and Austria’s Chancellor Kurz Witness ADNOC Offshore Concession Agreement Signing
ADNOC (April 29, 2018)
ExxonMobil Plans Purchase of Large Indonesia Motorcycle Lubricant Manufacturer, Marketer
ExxonMobil (April 29, 2018)
OMV and ADNOC Sign a New Offshore Concession Agreement
OMV (April 29, 2018)
No Oil Majors Win Contracts in Iraq Oil Licensing Round
Crescent Petroleum (April 26, 2018)
DNO Expands and Accelerates Kurdistan Operations While Building Up North Sea Exposure; Reports Robust First Quarter 2018 Results
DNO ASA (April 26, 2018)
Byrne Group Acquired by Itqan
Itqan Investments LLC (April 24, 2018)
Iraq to Auction Oil Exploration Contracts on Thursday (April 23, 2018)
Bushiya Oil Discovery
Savannah Petroleum Plc (April 23, 2018)
ADNOC Distribution Awarded Operating License in the Kingdom of Saudi Arabia
ADNOC (April 22, 2018)
Angola Invites Bids for Two Offshore Oil Blocks
Sonangol (April 20, 2018)
OML 40 Reserves and Resources Update
Eland Energy Inc. (April 18, 2018)
Opuama-9 Operations Update
Eland Energy Inc. (April 18, 2018)
ENI Announces the Approval of the Development Plan for the Merakes Discovery Offshore Indonesia
ENI (April 18, 2018)
ENI and SONATRACH Sign Agreements to Extend Their Historic Partnership
ENI (April 17, 2018)
Zenith Energy: Update on Proposed Acquisition in Indonesia
Zenith Energy Ltd. (April 16, 2018)
Black Platinum Energy Ltd Announces Preparation of the Dara East Gas Field Preliminary Plan of Development in the North Sokang PSC
Black Platinum Energy Ltd. (April 16, 2018)
GP Global Completes Acquisition of Mag Lube LLC in the Middle East
Gulf Petrochem FZC (April 12, 2018)
Barito Pacific Buys Star Energy for US$755M
PT Barito Pacific Tbk (April 12, 2018)
Petronet LNG Aims To Partner With ONGC Videsh in Qatar
ONGC (April 11, 2018)

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