Oil and Gas Upstream Production and Capex Outlook by Projects, Fields, Region, Key Countries, Companies and Forecast to 2028

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Oil and Gas Upstream Production and Capex Outlook Report Overview

Total oil and gas production is 175.9 mmboed in 2024. The total production from producing to announced and planned fields is expected to increase during 2024-2028.

The Oil and Gas Upstream Production and Capex Outlook report provides the total oil and gas production outlook along with production trends by region, key countries, and key companies. The report also includes information about upcoming oil and gas projects and their total capex.

Key Regions ·       Africa

·       Asia

·       Caribbean

·       Central America

·       Europe

·       Former Soviet Union

·       Middle East

·       North America

·       Oceania

·       South America

Key Countries ·       The US

·       Russia

·       Saudi Arabia

·       Iran

·       Canada

Key Companies ·       Saudi Arabian Oil Co

·       Gazprom

·       National Iranian Oil Co

·       China National Petroleum Corp

·       Rosneft Oil Co

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Oil and Gas Production Outlook by Regions

The key regions with expected oil and gas production are Africa, Asia, the Caribbean, Central America, Europe, the Former Soviet Union, the Middle East, North America, Oceania, and South America. In 2024, the Middle East is the top region in terms of production outlook and will continue this trend till 2028.

Oil and Gas Discoveries Production by Regions, 2024 (%)
Oil and Gas Discoveries Production by Regions, 2024 (%)
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Oil and Gas Production Outlook by Countries

The key countries with expected oil and gas production are the US, Russia, Saudi Arabia, Iran, and Canada. In 2024, the US leads among the countries in terms of oil and gas production outlook, followed by Russia.

Oil and Gas Production Analysis by Countries, 2024 (%)
Oil and Gas Production Analysis by Countries, 2024 (%)
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Oil and Gas Production Outlook – Competitive Landscape

The key companies associated with oil and gas production are Saudi Arabian Oil Co, Gazprom, National Iranian Oil Co, China National Petroleum Corp, and Rosneft Oil Co. In 2024, Saudi Arabian Oil Co. leads among the companies and will continue to do so till 2028.

Oil and Gas Production Analysis by Companies, 2024 (%)
Oil and Gas Production Analysis by Companies, 2024 (%)
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Segments Covered in the Report

Oil and Gas Production Regional Outlook (2024)

  • Africa
  • Asia
  • Caribbean
  • Central America
  • Europe
  • Former Soviet Union
  • Middle East
  • North America
  • Oceania
  • South America

Oil and Gas Production Country-wise Outlook (2024)

  • The US
  • Russia
  • Saudi Arabia
  • Iran
  • Canada

Scope

The report provides:

  • Global total liquids (crude and condensate) and natural gas production outlook by region, key countries, and key companies during 2024-2028.
  • Global development and production capex outlook of planned and announced fields by key countries and companies.
  • Important details of key upcoming crude and natural gas projects globally.

Reasons to Buy

  • Understand the global oil and gas production outlook during 2024-2028.
  • Keep abreast of production trends for key countries and companies globally.
  • Facilitate decision-making based on development and production capex.
  • Develop business strategies with the help of specific insights into the global upstream sector.
  • Assess your competitor’s oil and gas production and capex data.

Table of Contents

  • 1. Global Oil & Gas Production Outlook

    • 1.1. Global Oil and Gas Production Outlook by Region
    • 1.2. Global Oil and Gas Production Outlook by Country
    • 1.3. Global Oil and Gas Production Outlook by Country

  • 2. Global Oil Development Focus

    • 2.1. Global Crude and Condensate Production Outlook by Region
    • 2.2. Global Crude and Condensate Production Outlook Country
    • 2.3. Global Crude and Condensate Production Outlook from Planned and Announced Fields by Country
    • 2.4. Global Crude and Condensate Production Outlook by Company
    • 2.5. Global Crude and Condensate Production Outlook from Planned and announced fields by Company
    • 2.6. Global Key Upcoming Oil Projects

  • 3. Global Gas Development Outlook

    • 3.1. Global Natural Gas Production Outlook by Region
    • 3.2. Global Natural Gas Production Outlook by Country
    • 3.3. Global Natural Gas Production Outlook from planned and announced fields by Country
    • 3.4. Global Natural Gas Production Outlook by Company
    • 3.5. Global Natural Gas Production Outlook from planned and announced fields by Company
    • 3.6. Global Key Upcoming Gas Projects

  • 4. Global Expenditure Outlook

    • 4.1. Global Development and Production Capex Outlook by Region
    • 4.2. Global Planned and Announced Capex by Country
    • 4.3. Global Planned and Announced Capex by Company

  • 5. Appendix

    • 5.1. Abbreviations
    • 5.2. Definitions
    • 5.3. About GlobalData
    • 5.4. Contact Us

Table

Table 1: Total production outlook from producing, planned, and announced fields (mmboed), 2023–2027 7

Table 2: Total oil and gas production outlook from producing, planned, and announced fields (mmboed) by key countries, 2023–2027 8

Table 3: Total oil and gas production entitlement from producing, planned, and announced fields (mmboed) by key companies, 2023–2027 9

Table 4: Global crude and condensate production outlook from producing, planned, and announced fields by region (mmbd), 2023–2027 10

Table 5: Crude and condensate production outlook from producing, planned, and announced fields by key countries (mmbd), 2023–2027 11

Table 6: Crude and condensate production outlook from planned and announced fields by key countries (mmbd), 2023–2027 12

Table 7: Crude and condensate production entitlement from producing, planned, and announced fields by key companies (mbd), 2023–2027 13

Table 8: Crude and condensate production entitlement from planned and announced fields by key companies (mbd), 2023–2027 14

Table 9: Key upcoming oil projects 15

Table 10: Global natural gas production outlook from producing, planned, and announced fields by region (mmcfd), 2023–2027 16

Table 11: Natural gas production outlook from producing, planned, and announced fields by key countries (mmcfd), 2023–2027 17

Table 12: Natural gas production outlook from planned and announced fields by key countries (mmcfd), 2023–2027 18

Table 13: Natural gas production entitlement from producing, planned, and announced fields by key companies (mmcfd), 2023–2027 19

Table 14: Natural gas production entitlement from planned and announced fields by key companies (mmcfd), 2023–2027 20

Table 15: Key upcoming gas projects 21

Table 16: Global capex outlook from producing, planned, and announced fields by region ($M), 2023–2027 22

Table 17: Development and production capex for planned and announced projects by key countries ($B), 2023–2027 23

Table 18: Development and production capex for planned and announced projects by key companies ($B), 2023–2027 24

Figures

Figure 1: Total oil and gas production outlook from producing, planned, and announced fields (mmboed) by region, 2023–2027 7

Figure 2: Total oil and gas production outlook from producing, planned, and announced fields (mmboed) by key countries, 2023–2027 8

Figure 3: Total oil and gas production entitlement from producing, planned, and announced fields (mmboed) by key companies, 2023–2027 9

Figure 4: Global crude and condensate production outlook from producing, planned, and announced fields by key country (mmbd), 2023–2027 10

Figure 5: Crude and condensate production outlook from producing, planned, and announced fields by key countries (mmbd), 2023–2027 11

Figure 6: Crude and condensate production outlook from planned and announced fields by key countries (mbd), 2023–2027 12

Figure 7: Crude and condensate production entitlement from producing, planned, and announced fields by key companies (mbd), 2023–2027 13

Figure 8: Crude and condensate production entitlement from planned and announced fields by key companies (mbd), 2023–2027 14

Figure 9: Global natural gas production outlook from producing, planned, and announced fields by region (mmcfd), 2023–2027 16

Figure 10: Natural gas production outlook from producing, planned, and announced fields by key countries (mmcfd), 2023–2027 17

Figure 11: Natural gas production outlook from planned and announced fields by key countries (mmcfd), 2023–2027 18

Figure 12: Natural gas production entitlement from producing, planned, and announced fields by key companies (mmcfd), 2023–2027 19

Figure 13: Natural gas production entitlement from planned and announced fields by key companies (mmcfd), 2023–2027 20

Figure 14: Global capex outlook from producing, planned, and announced fields by region ($M), 2023–2027 22

Figure 15: Development and production capex for planned and announced projects by key countries ($B), 2023–2027 23

Figure 16: Development and production capex for planned and announced projects by key companies ($B), 2023–2027 24

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