VOL. XXXIV

NO. 20

18-FEBRUARY-1991

Supply/Demand

CGES Study Estimates $70bn Investment Requirement for 5mn b/d Net Increase in Gulf Production Capacity

To increase production capacity in the Gulf region by a net 5mn b/d over a five-year period would require an investment of around $70bn, of which $20bn would be needed to develop new capacity and $50bn just to maintain current capacity levels. This is the conclusion of a substantial study on the cost of additional oil production capacity...