2020 will be the offshore oil production top

We introduce you to a new research by investment company Sanford Bernstein, which predicts the top of oil production in offshore projects. Thus, the document reports that in 2020 there will be a significant increase in oil production in the Gulf of Mexico (USA), on the shelf of South America, as well as in other regions of the world.

According to analysts of Sanford Bernstein, there are 3 main areas of increase in oil production in the last two decades: offshore deepwater projects around the world, the development of shale reserves in the United States, as well as the oil sands of Canada. In the first area, the top comes next year, in the second in a few years, but the future of the oil Sands remains unclear due to problems with significant emissions of carbon dioxide, as the world community is concerned about climate problems.

Thus, now the largest mining players are reviewing asset portfolios, leaving the most competitive ones.