Offshore oil production in deepwater and ultra deepwater is increasing">Offshore oil production in deepwater and ultra deepwater is increasing
(Fri, 28 Oct 2016) Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million barrels per day (b/d) in 2015. Deepwater production, or production in water of depths greater than 125 meters, has increased 25% from nearly 7 million b/d a decade ago.
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