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Number of the week

Every week, we post a ‘Number of the week’ to highlight the important role oil and gas plays in society. Each number is accompanied by a short explanation.

72

72 uses of Oil in everyday life Whether as a fuel or a feedstock: oil is an integral part of your daily life. Visit Oil in everyday life to download the info-graphic. Available in multiple languages, including English, French, German, Italian, Polish and Spanish.  

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54,250

54,250 tennis balls will be used at The Championships, Wimbledon, this year. Petroleum naphthalene is a key component in the composition of a tennis ball – another everyday use for oil. New balls after first seven games (to allow for warm-up), then after every 9 games. Subject to availability after use …

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484,391

484,391 people attended The Championships, Wimbledon last year. Mobility is a key factor in making these global events possible. 92% of global transport is based on oil. (Source – Wimbledon Facts & Figures)

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289

The number of wells in the Al-Shaheen oil field off Qatar, operated by IOGP’s newest member, North Oil Company. Source:  North Oil Company

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57 million

If we don’t replace depleting oil fields, by 2040, the world will be short 57 million barrels per day. Even in a 2° C scenario! That’s nearly 30 super tankers! Source: ExxonMobil

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Zero percent

The percent (to the nearest whole number) of the world’s energy consumption supplied by wind power during 2014 (the most recent year for which reliable figures are available).  The exact figure was  0.46%. That’s the key point made by energy commentator Matt Ridley in the 13 May issue of The …

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2/3

Norway’s remaining oil and gas resources are considerable. Evan after decades of production, 2/3 of the country’s estimated discovered and undiscovered gas resources remain, along with 1/2 of its oil resources. Source: http://www.iea.org  

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30%

Australia’s gas production (LNG and domestic use) increased by almost 30% in 2016. It has more than doubled in the last decade Source: Australian Petroleum Production & Exploration Association (APPEA). www.appea.com                 See APPEA key statistics 2017    

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204

BP’s North Sea Quad 204 has started production. It represents 450 jobs, £4.4bn worth of investment and guarantees a minimum of 18 years’ worth of oil production. Source: BP.com

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2019

IEA forecasts that oil demand will pass the symbolic 100 mb/d threshold in 2019 (and reach 104 mb/d by 2022). Source: IEA Market Report Series: Oil 2017

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