Global deepwater: 2022 state of the industry Report

Insight 25 October 2022

Get this report*

$1,350

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Deepwater is a core resource theme for the Majors and Petrobras. Brazil and Petrobras lead the industry from a reserves and production basis. For the Majors, it provides high-margin cash flow. Shell's enormous deepwater asset base with leading production and cash flow stands out while ExxonMobil and TotalEnergies are amongst the companies with highest growth rates. Globally, deepwater production has grown from below 300 kboe/d in 1990, to 10.4 million boe/d in 2022. Output will reach 17 million boe/d by 2030. We look at the countries and companies driving that growth and some signs that maintaining growth into 2030s will be more difficult. We also investigate the asset economics, supply chain pressures and scope 1 and 2 emissions from the resource theme.