A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year of which 635,000 b/d would be from members of the Organization of Petroleum Exporting Countries and the rest from non-OPEC productions. In 2014, new non-OPEC large-field projects collectively brought on 2.3 million b/d in new supply. These efforts spanned diverse geographies and production methods, ranging from Brazil’s offshore projects in the Roncador, Parque, Iracema, and Sapinhoa fields to Mars B in the Gulf of Mexico, and to Russian and Canadian oil sands projects. Notably, these 2014 supply additions excluded the numerous US shale oil fields being developed. OPEC also contributed to the expanding large-field supply picture, adding another 1.4 million b/d of new oil production capacity in 2014, Deloitte said. Researchers forecast that large-field projects to bring on a total 1.835 […]