OPEC September Production Data

The below charts were created with data from the OPEC Monthly Oil Market Report and the data through September 2018.

OPEC crude only was up 132,000 barrels per day in September to 32,761,000 bpd. That is still 650,000 barrels per day below their all-time high in October of 2016.

August production was revised up by 63,000 bpd so production was actually up 195,000 bpd from what was reported last month.

Iranian production was down 150,000 barrels per day in September. Sanctions are beginning to have an effect.

Iraqi production was up only slightly in September but they seem to be holding at their new all-time high.

Kuwait was also up slightly in September. I think they will be holding at this level for a while.

Libya was up 103,000 barrels per day in September.

Nigeria was up 26,000 barrels per day in September.

Saudi Arabia was up 108,000 barrels per day in September. They are now only 114,000 bpd below their high in December 2016.

The UAE was up 30,000 bpd in September. They are 86,000 barrels per day below their high in December 2006.

And Venezuela continues to plunge toward total collapse.

OPEC big 5 was flat in September. Declines from Iran was offset by gains from the other four.

The other 10 OPEC producers were up 130,000 barrels per day in September in addition to the 345,000 bpd it was up in August. The lion’s share of this increase came from Libya and Nigeria.

If OPEC’s data is correct then the world reached a new all-time high in total liquids production in September.

I have received data for all the world’s largest fields, created in 2013 by Mike Horn who is now deceased. He used the data of many of the great geologists who worked in the Middle East. His sources are listed below:

Al Shdidi, Saad, Gerard Thomas, and Jean Delfaud, 1995, Sedimentology, diagenesis, and oil habitat of Lower Cretaceous Qamchuqa Group, Northern Iraq: AAPG Bulletin, v. 79, p. 763-778.

Beydoun. Z. R., 1991, SG 33: Arabian Plate Hydrocarbon Geology and Potential-A Plate Tectonic Approach: AAPG Studies in Geology #33, 77p.

Carmalt, S.W., and Bill St. John, 1986, Giant oil and gas fields, in Future Petroleum Provinces of the World: AAPG Memoir 40, p.. 11-53, Table 1. Dunnington, H.V., 1958, Generation, migration, accumulation, and dissipation of oil in Northern Iraq, in Habitat of Oil: AAPG, p. 1194-1251.

El Zarka, Mohamed Hossny, Ain Zalah Field-Iraq Zagros folded zone, Northern Iraq, in Structural Traps VIII, AAPG Treatise of Petroleum Geology Atlas of Oil and Gas Fields, v. VIII, p. 57-68.

Halbouty, Michel T., A.A. Meyerhoff, Robert E. King, Robert H. Dott, Sr, H. Douglas Klemme, and Theodore Shabad, 1970, World’s giant oil and gas fields, geologic factors affecting their formation, and basin classification: Part I: Giant oil and gas fields, in Geology of Giant Petroleum Fields: AAPG Memoir 14, p. 502-528, Table 1.

Horn, M.K., 2003, Giant fields, 1868-2003 (databases), in Giant Oil and Gas Field of the Decade 1990-1999, AAPG Memoir (in press).

Ibrahim, M.W., 1983, Petroleum geology of Southern Iraq: AAPG Bulletin, v. 67, p. 97-130.

Konert, G., A.M. Afifi, S.A. Al-Hajri, K. de Groot, A.A. Al Naim, and H.J.Droste, Paleozoic stratigraphy and hydrocarbon habitat of the Arabian Plate, in Petroleum Provinces of the Twenty First Century: AAPG Memoir 74, p. 483-515.

Majid, A. Hamid, and Jan Veizer, 1986, Deposition and chemical diagenesis of Tertiary carbonates, Kirkuk oil field, Iraq: AAPG Bulletin, v. 70, p. 898-913.

St. John, Bill, A.W. Bally, H.Douglas Klemme, 1984, Sedimentary provinces of the world÷hydrocarbon productive and nonproductive: AAPG. map and booklet (35 p.).

Versfelt, Porter, L., Jr., 2001, Major hydrocarbon potential in Iran, in Petroleum Provinces of the Twenty First Century: AAPG Memoir 74, p. 417-427.

There are 1,048 fields listed in this index. They are sorted by country. I list below the Saudi fields and then the fifty largest fields. I will post other data in later posts.

All Saudi Arabia fields:

The Fifty largest fields in the world.