New IOGP Global Production Report documents need for oil & gas investment

In most regions of the world, oil & gas demand has risen or reached all-time highs in 2017, highlighting the significant need for investments to keep up production levels, IOGP’s new Global Production Report shows.

Records for oil & gas demand were set in Africa, Asia Pacific and the Middle East, and demand came close to historic highs in North America, Europe and Central & South America. The current depletion rate of 6% in most existing fields implies that significant investments will be needed to meet this demand in the foreseeable future. Regional and local policies can encourage the responsible development of resources needed to do so.

Visit the IOGP bookstore to download the report in full.

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