OPEC Upstream Capacity in the Medium Term
To ensure that the world economy benefits from regular and secure oil supplies, OPEC Member Countries continue to invest to expand upstream capacity. Over the period to 2014, according to OPEC's projects database, around 140 projects are expected to come on-stream. These projects will result in net crude oil capacity additions of around 3.0 mb/d by the end of 2014. On top of this, over 2 mb/d of net NGL capacity additions is anticipated.
To achieve these goals, OPEC is undertaking intensive investment plans