Paisaje
The international energy situation > Oil > World oil production
World oil production
The increase in production during 2008 was one of the largest seen in recent years. The highly attractive prices and significant levels of drilling activity mentioned above were at the heart of this development.

World crude production increased by 1.1% in 2008, according to data published by Oil and Gas Journal (it should be remembered that it fell in 2007). This was despite increased drilling costs, caused in part by the increasing technological complexity of today’s operations, many of them in deep waters.

The increase was led by countries from the CIS, Africa, the Middle East and Asia-Oceania. At the other end of the spectrum, overall production fell in Western Europe and the Americas.

2008 also saw the successful continuation of deep water operations off the coast of Brazil and in the Gulf of Mexico.

WORLD OIL PRODUCTION
Millions of Tm
Areas
  • North America
  • Central and South America (1)
  • Western Europe
  • Eastern Europe (2)
  • Africa
  • Middle East
  • Asia-Oceania
  • WORLD TOTAL
  • OPEC
  • % OPEC/WORLD
1979
  • 564,7
  • 280,1
  • 112,4
  • 610,1
  • 328,5
  • 1.081,0
  • 248,5
  • 3.225,3
  • 1.552,8
  • 48,1
1983
  • 565,8
  • 325,6
  • 168,5
  • 640,2
  • 226,5
  • 595,5
  • 254,9
  • 2.777,0
  • 894,2
  • 32,2
2004
  • 476,8
  • 528,6
  • 275,6
  • 574,5
  • 440,9
  • 1.193,1
  • 377,2
  • 3.866,7
  • 1.644,3
  • 42,5
2005
  • 458,2
  • 534,2
  • 252,8
  • 592,0
  • 467,1
  • 1.215,0
  • 377,7
  • 3.897,0
  • 1.691,7
  • 43,4
2007
  • 470,4
  • 505,7
  • 221,7
  • 639,1
  • 488,5
  • 1.201,9
  • 378,7
  • 3.906,0
  • 1.681,3
  • 43,0
2008
  • 457,4
  • 492,7
  • 205,6
  • 655,1
  • 491,4
  • 1.267,2
  • 379,7
  • 3.949,1
  • 1.745,8
  • 44,2
2008 (%)
  • 11,6
  • 12,5
  • 5,2
  • 16,6
  • 12,4
  • 32,1
  • 9,6
  • 100,0
  • 44,2
  •  
(1) Includes Mexico
(2) Includes countries of the C.I.S.

Source: BP Statistical Review of World Energy and Oil and Gas Journal. Produced in-house
Russia was the world’s largest producer (9.7 million barrels a day, 13.3% of world production), followed by Saudi Arabia (8.9 million barrels / day; 12.2%) and the USA (4.9 million; 6.7%). Other countries at the top of the table were Iran (3.9 million; 5.3%) and China, which produced 3.8 million barrels, equivalent to 5.2% of total world production.
With the fall in oil and gas prices, drilling activity decreased once again during the second half of the year.
  • Union Fenosa
    Eve
Annual Report 2.008: Sedigas - The Spanish Gas Association