Skip to main content

Table 3 Average conventional oil production 2001* (2000–2002) and 2004* (2003–2005), the inferred production phase and the modelled forecast and production for 2014

From: Regional Oil Extraction and Consumption: A Simple Production Model for the Next 35 years Part I

Region Production (mbd) 2001* Production (mbd/year) 2004* Production phase 2006 (/year) Modelled/production production (mbd) 2014
Persian Gulf (OPEC) 19.5 21.3 ∼+1 % 23 /24.3
Russia 6.9 8.6 ∼+3 % 10/10.1
China 3.3 3.5 ∼+3 % 4/4.2
Western Europe 6.4 6.1 ∼−6 % 3.3/2.9
Russia+Azerbaijan+Kazakhstan 8.1 10.2 ∼+5 % 12/12.6
Asia+Oceania 7.45 7.5 ∼Const 6.7/7.7
Africa 7.5 8.75 ∼2.5 % 10.3/8.0*
South America 6.4 6.1 ∼−3 % 6.3/7.1
North America 10.9 10.4 ∼−1 % 7.4/7.9
World (convent. oil) 68 71 ∼1 % 69 /71