Sudan’s oil production will peak next year before it starts to consistently fall, according to a new forecast.
Oil and gas liquids production will increase by one third (30.3 percent), with volumes peaking at 700,000b/d in 2010, according to a Business Monitor International forecast.
But the oil and gas volumes will then steadily fall to 596,000b/d by the end of the 2018, according to Business Monitor.
And growth is forecast to fall from 12.7 percent in 2008 to 7.9 percent this year.
Friday, February 13, 2009
All things considered, looks like a depressing lede, but the last sentence is telling: a decline in pan-Sudanese growth from 12.7 to 7.9 percent. A growth rate of almost 8 percent is nothing to sneeze at.
Posted by David Raad at 1:53 PM