USD 77.3649

+0.67

EUR 87.5925

+0.69

BRENT 86

+0.13

AI-92 47.5

+0.01

AI-95 51.92

0

AI-98 59.95

+0.02

Diesel 55.47

+0.02

2364

Gazprom leads in production growth among E&P majors

Gazprom leads in production growth among E&P majors


Oslo, August 20 - Neftegaz.RU.
Gazprom witnessed the highest production growth in the last 5 years among major Exploration and Production (E&P) companies, followed by shale gas players in US and China, Norway-based energy research firm Rystad Energy reported.

“Gazprom, the clear leader in production growth, is the only company with a total growth of more than 1 million barrels of oil equivalent per day (boepd) over the last 5 years. The growth comes primarily from conventional assets, with gas being the key contributor to the spectacular development,” Espen Erlingsen, Head of upstream research at Rystad Energy said in a statement.

According to the energy research company the 2nd runner-up in terms of production growth is Chinas PetroChina, with a total growth of around 730,000 barrels of oil equivalent per day (boepd).

While, the 3rd company from the top is US-based shale-focused EQT, which according to Rystad’s analysis is the largest producer of natural gas in the US. The company posted a growth of close to 600,000 boepd, or 340 % growth over the last 5 years.

According the energy research agency, among the global oil majors, BP posted the largest production increase since 2014, witnessing a total production growth of almost 500,000 boepd in the last 5 years.

“Behind the state behemoths in Russia and China, majors and shale companies are some of the fastest-growing companies over the last 5 years. Rystad Energy expects this rise in output among the majors and shale companies to continue,” Erlingsen added.

Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru