Article | REF: BE8563 V1

Offshore Gas Production

Author: Jean-François SAINT-MARCOUX

Publication date: July 10, 2017

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7. Conclusion

Of the world's 70 Tm 3 of reserves, half are estimated to lie at depths of more than 200 m and more than 250 km from the coast .

IOCs (International Oil Companies) exploit both gas and oil reserves. Recently, we've even seen the takeover of historic gas companies by oil companies: BG (ex-British Gas) bought by Shell, but also the announcement that Engie (ex-GDF-Suez) is abandoning its exploration and production business.

However, in terms of total fossil fuel production, offshore gas plays a less important role than offshore oil, especially as Iran's reserves, which are mainly located...

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