Page 20: of Offshore Engineer Magazine (Mar/Apr 2026)
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MARKETS EXPLORATION © ExxonMobil
DEEPWATER’S
PLAYBOOK FOR
DELIVERING GROWTH
Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly fat under our base case,
Welligence estimates that global deepwater oil production will grow from its current level of around 8 million bbl/d to close to 10 million bbl/d by the early-2030s.
By Gordon Hardie, Head of Sub-Saharan Africa Research at Welligence 20 OFFSHORE ENGINEER OEDIGITAL.COM