VOL.XXXIXNo. 639-December-1996OPEC

NewIEA Study Underscores Dominant Role Of Offshore In Non-OPEC Output Demand GrowthOffshore oil production is gaining an increasingly prominent role in world oilsupply. In the first half ofthe 1990s offshore output growth dominated non-OPEC supply, offsettinga large decline in onshore production thatresulted from the collapse of production from Russia's West Siberian fields.Now, according to a new study published by the International EnergyAgency (IEA)...