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According to the U.S. Energy Information Administration (EIA) world tight oil production is expected to more than double between 2015 and 2040, increasing from 4.98 million barrels per day in 2015 to 10.36 million barrels per day in 2040. Most of the projected increase will come from the United States, with much of the rest coming from countries such as Russia, Canada, and Argentina. U.S. tight oil production is expected to reach 7.1 million barrels per day in 2040. Tight oil production in Canada will continue to decline until 2020, and then increase over the rest of the projection period, reaching 0.76 million barrels per day in 2040. Argentina is still in the early stages of commercial tight oil production, but projections are that production will double from 2015 to 2020 and will reach 0.69 million b/d in 2040. Russia, Mexico, Colombia, Australia, and other countries that hold large technically recoverable tight oil resources are expected to contribute 18% of the projected total world tight oil production by 2040.
SOURCE: Energy Information Administration (EIA)
Energy Information Administration (EIA)
LINK TO THE SOURCE ARTICLE:
World Tight Oil Production Output To Double By 2040

 


worldtightoilweb11
LINK TO THE SOURCE ARTICLE:
World Tight Oil Production Output To Double By 2040

 

 

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