The majority of new developments (45 projects) fall under an early-stage category, while 36 new projects have progressed to well-defined development plans.
GlobalData reports that 81 new crude and natural gas projects will start operations in Europe between 2018 and 2025. By 2025, the projects will contribute around 1.496 million bpd to global oil production and close to 4.7 billion ft3/d to global gas production, according to GlobalData.
The majority of new developments (45 projects) fall under an early-stage category, while 36 new projects have progressed to well-defined development plans.
