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Majors' production outlook - assessing the prospects for growth

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15 May 2013

Majors' production outlook - assessing the prospects for growth

Report summary

The Majors look set to reverse a period of disappointing production performance. We forecast that combined output will increase from 19 million boe/d in 2012 to 23 million boe/d by 2020. But if the past is a guide to the future how confident should we be?

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