2018 Offshore Technology Yearbook

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Page 10 of 55 | December 2017 | 9 PRODUCTION OUTLOOK | 2018 OFFSHORE TECHNOLOGY YEARBOOK Middle East Offshore oil production in the Persian Gulf (includ- ing field condensate) has accounted for about 21% (5.7 MMbbl/d) of the Middle East's total produc- tion in the past five years. Almost all of the off- shore production comes from four countries: Saudi Arabia, the United Arab Emirates (UAE), Iran and Qatar (Figure 9), and all of the offshore fields in Persian Gulf are in shallow water. Oil and condensate production in the Persian Gulf is expected to continue to grow through 2025 as Iran continues to develop its giant off- shore gas field, South Pars. The field produces rich condensate. Other than big gas projects being developed in the Persian Gulf, a couple of oil projects will contribute the oil production in the next several years—the UZ750 project in the UAE with 250 Mbbl/d incremental production capacity starting in 2018 and Qatar's Bul Hanine Redevelopment with 100 Mbbl/d capacity start- ing in 2020. n FIGURE 9. Middle East Offshore Oil Production by Country 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 MBbl/d IRAN QATAR SAUDI ARABIA UAE REST OF MIDDLE EAST A platform operates in the Gunashli Field in the Caspian Sea offshore Azerbaijan. (Photo courtesy of BP)

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