Global Oil and Gas Forecast to 2025

The Global Oil and Gas Exploration and Production Market report forecasts an industry growth rate of 4.5% over the coming decade. The market value in 2025 is predicted to reach $6.7 trillion. The market analysis looks at historical data from 2013-2014 and evaluations of the market trends in 2015 and 2016. The focus was on the 23 main oil and gas producing countries in the world. Market analysis is based on revenue generated by sales. Key points are that a sustained rise in crude oil prices triggers related industries to expand and increase demand. Exploration is expected to continue in deep water areas and more away from known regions into complex frontier areas of the world.