Global heavy oilmarket to produce 6.659 million barrels per day in 2013

Friday 21 June 2013, Amsterdam

This new report on The Heavy Oil Market 2013-2023 indicates that the global market for heavy oil (non-bituminous oil with an API gravity of under 22⁰) will see production of 6.659 million barrels per day in 2013.

The lead analyst of the report commented that: ‘with global oil demand continuing its inexorable rise and conventional light oil discoveries becoming less frequent, the oil industry is increasingly turning to alternative oil sources such as heavy oil. Cold and thermal heavy oil production will continue to expand in South America, while a number of less established regions, such as the Middle East, are also set to register strong growth over the next ten years as countries seek to utilise their substantial heavy oil resources. This will create opportunities for a range of companies within the oil industry.’

The report contains 97 tables, charts and graphs that add visual analysis in order to explain developing trends within the heavy oil market. We provide forecasts for the period 2013-2023 in terms of barrels per day production for the global market, as well as forecasts and analysis for the 16 leading national markets, plus the market for the rest of the world. In addition, the report provides profiles of the ten leading companies operating within the heavy oil market, including information on barrels per day production, market share and future outlook, as well as the location and method of each company’s heavy oil projects. Shorter profiles for a further 13 leading companies in the heavy market are also provided, in addition to the transcript of an original interview with Alex Damnjanovic, Chief Operating Officer of Kudu Industries Inc., who provides expert insight into the heavy oil market.

The Heavy Oil Market 2013-2023 will be of value to anyone who wants to better understand the heavy oil industry and its dynamics. It will be useful for businesses already involved in the heavy oil market, or for those wishing to enter this growing industry in the future.