Half of the world's oil supplies could come from offshore production by 2015, the head of the International Energy Agency said Tuesday.
Half of the world's oil supplies could come from offshore production by
2015, the head of the International Energy Agency said Tuesday.
Offshore production currently provides one third of global oil supply, but this
is set to change rapidly in the coming years, Nobuo Tanaka, Executive Director
of the International Energy Agency, told reporters on the sidelines of the Oil
& Money Conference.
But the investigation into BP PLC's (BP) Macondo oil spill could result in
regulatory changes which could cause drilling projects to be delayed and erode
supply, Tanaka said.
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