Global Upstream Production Poised to Rise by 3.4% by 2028 with Notable Expansion in the Middle East - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Upstream Production and Capex Outlook, 2024-2028" report has been added to ResearchAndMarkets.com's offering

This report highlights a projected growth in global upstream production, forecasting an increase from 175.9 million barrels of oil equivalent per day (mmboed) in 2024 to 181.9 mmboed in 2028.

This marks a significant rise of 3.4% over the four-year period. The Middle East region is anticipated to spearhead this growth in the energy sector with an expected output of 52.9 mmboed. The United States remains a leading nation in terms of production volume with projections estimating a total production of 39.9 mmboed.

Global Production Outlook

The comprehensive analysis provides insights into the international landscape of oil and gas production, detailing the contribution of various regions, key countries, and prominent companies from 2024 to 2028. The outlook also encompasses a thorough examination of the production trends for both global total liquids, including crude and condensate, and natural gas.

Capital Expenditure Analysis

Capital expenditure (capex) within the industry is closely scrutinized, offering a detailed breakdown for planned and announced upstream projects. Decision-makers and stakeholders in the energy sector will find this data particularly valuable for strategic planning and investment considerations.

Strategic Implications

The implications of the comprehensive study are vast for stakeholders in the upstream sector. The ability to anticipate production trends and capex decisions is crucial for formulating effective business strategies. Additionally, the report serves as an indispensable tool for companies to benchmark their production forecasts and capex projections against the broader industry landscape.

Competitive Analysis

In the context of a competitive global market, understanding the production capabilities and investment strategies of rival companies is essential. The report equips industry players with a nuanced view of their competitor’s projected oil and gas output, facilitating informed operational and strategic engagement.

This industry report is a key resource for anyone involved in the upstream oil and gas sector, offering a clear vision of the future production landscape and enabling stakeholders to navigate the market with confidence and precision.

For more information about this report visit https://www.researchandmarkets.com/r/4qfjn7

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