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North America

The North American region includes the United States, Canada, Puerto Rico and the U.S. Virgin Islands (Mexico is included in the Latin American region).

North American (U.S. and Canadian) crude oil and NGL production was 13.63 million b/d in 2012, up 1.61 million b/d over 2011, reflecting growth of new unconventional tight oil (via fracking) in the U.S. and expansion of oil sands production in Canada. By 2015, production is projected to increase to 16.37 million b/d, and by 2035 total production will reach 18.14 million b/d. Most of this increase is crude oil production, and from 2012 to 2035 production will increase by an astounding 54% from 10.38 million b/d to 16.03 million b/d. At the same time, net crude oil imports will decrease dramatically from 6.38 million b/d in 2012 to 1.26 million b/d by 2035. During the same time period, NGL production will increase from 3.25 million b/d to 3.86 million b/d ...

 

 
        
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