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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 1.7 - - 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 31.74 - -

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 - -
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 - -
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 - -
Equatorial Guinea2 - - - - - - - - - 0.083 0.124 0.135 0.13 0.13 - -
Gabon - - - - - 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.19 - -
Indonesia6 - - - 0.67 0.71 0.74 0.74 0.747 -8 -9 -10 -11 -12 -13 - -
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 - -
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 4.48 - -
Kuwait14 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 - -
Libya15 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 - -
Nigeria16 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 - -
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 - -
Saudi Arabia17 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 - -
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 - -
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 - -
Total18 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 31.74 - -

OPEC Country News

Saipem Orders Balltec SCPs for Dolphin’s North Field Eprs
Saipem S.p.A. (August 21, 2018)
Proposed Acquisition of Certain Southeast Asian Producing and Exploration Assets from Santos
Ophir Energy plc (August 21, 2018)
Iraq's Basra Oil, Chevron Agree to Implement MOU to Develop Oil Fields - Iraqi Oil Ministry
Chevron Corporation (August 19, 2018)
DNO Presses Foot on Accelerator in Kurdistan; Plans Dividend Payments Following Strong Half-year 2018 Results
DNO ASA (August 16, 2018)
Opuama Operations Update
Eland Oil & Gas PLC (August 16, 2018)
Petrofac Awarded Basra Oil Company Epc Contract
Petrofac (August 13, 2018)
JERA Signs LNG Supply Deal with Abu Dhabi's ADNOC
JERA Co., Inc. (August 09, 2018)
Operations Update from Mako Gas Discovery
Empyrean Energy Plc (August 03, 2018)
Commencement of Ubima Appraisal
Eland Oil & Gas PLC (July 31, 2018)
Aro Drilling Awarded Six Three-year Drilling Contracts from Saudi Aramco for Rowan Jack-ups
Rowan Companies plc (July 31, 2018)
Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021
Chevron Corporation (July 31, 2018)
Trading and Operations Update
Soco International (July 31, 2018)
DNO Passes Peshkabir Production Target
DNO ASA (July 30, 2018)
Canadian Overseas Petroleum Receives Project Financing Term Sheet for Nigerian Development Project
Canadian Overseas Petroleum Limited (July 30, 2018)
Angola’s Major Deep Offshore Kaombo Project Comes on Stream
Total (July 27, 2018)
New Onshore E&c Contracts Worth Approximately 800 Million USD in Total
Saipem S.p.A. (July 25, 2018)
Signature of Memorandum of Understanding Between Niger and Nigeria
Savannah Petroleum Plc (July 24, 2018)
Lion Energy Announces Sale of Block A Interest
Lion Energy Limited (July 24, 2018)
Unique Group Enters Into West Africa by Means of a Strategic Joint Venture Agreement
Unique Maritime Group FZC (July 24, 2018)
Silk Road Fund Exchange with DEWA Executed Agreements of Dewa CSP Project to be Jointly Invested by Silk Road Fund, DEWA and ACWA Power
Silk Road Fund (July 20, 2018)
ADNOC Awards Contracts to CNPC Affiliate for World’s Largest Combined Onshore and Offshore 3D Seismic Survey to Find New Oil and Gas Reserves
ADNOC (July 19, 2018)
ENI and Sonatrach Strengthen Cooperation in the Gas Sector in Algeria
ENI (July 18, 2018)
Genel Reports Production Increase from Peshkabir Field
Genel Energy Plc (July 17, 2018)
Update on Proposed Indonesian Acquisition & Appointment of Operations Manager
Zenith Energy Ltd. (July 16, 2018)
PGS Expands Indonesia 3d Multiclient Seismic with South Makassar Survey
PGS Overseas AS (July 13, 2018)
Operations and Trading Update
Ophir Energy plc (July 12, 2018)
Premier Oil Announces Trading and Operations Update
Premier Oil (July 12, 2018)
Trading and Operations Update
Premier Oil (July 12, 2018)
Weatherford to Sell Drilling Rigs Business in Kuwait, Saudi Arabia and Algeria
Weatherford International Ltd (July 11, 2018)
Kunama Oil Discovery and Exercise of Drilling Rig Option
Savannah Petroleum Plc (July 11, 2018)
Pertamina Discontinues Bojonegara LNG Project
Pertamina (July 09, 2018)
Indonesia Operations Update
Range Resources Limited (July 06, 2018)
Bahr Essalam Phase 2 Development Offshore Project Begins Production
ENI (July 05, 2018)
Opuama Field Operations Update
Eland Oil & Gas PLC (July 04, 2018)
Public Investment Fund Acquires Significant Stake in ACWA Power
Public Investment Fund (July 04, 2018)
ADNOC’s Al Yasat Awards EPC Contract for Full Development of the Offshore Bu Haseer Field to Abu Dhabi’s NPCC
ADNOC (July 02, 2018)
Technipfmc Awarded a Subsea Contract for the Total Zinia 2 Field
TechnipFMC plc (July 02, 2018)
Panoro Energy: BW Adolo Fpso Vessel Sail Away
Panoro Energy ASA (July 02, 2018)
Sale of Angolan Interests
Soco International (July 02, 2018)
Filing of Audited Annual Results for the Financial Year Ended March 31, 2018
Zenith Energy Ltd. (July 02, 2018)
ExxonMobil Completes Acquisition of Indonesian Lubricant Manufacturer and Marketer Pt Federal Karyatama
ExxonMobil (June 28, 2018)
Subsea 7 Awarded Contract Offshore Angola
Subsea 7 S.A. (June 28, 2018)
Petrofac Strengthens Iraq Presence with Contracts Worth US$110 Million
Petrofac (June 27, 2018)
Successful Drilling and Completion of Second Production Well at Dussafu
Panoro Energy ASA (June 26, 2018)
Operational & Corporate Update
Gulf Keystone Petroleum Ltd (June 22, 2018)
VAALCO Working on Esp Upgrade for Offshore Gabon Well
Vaalco Energy Inc (June 21, 2018)
Award of the Pre-FEED Contract for Inpex Surf & Gep Project in Indonesia
Chiyoda Corporation (June 18, 2018)
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)

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