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Oil and gas account for more than half of all primary energy consumed globally. Presently, at 142 million barrels per day (MBPD) combined oil and gas production is almost double of what it was in 1973, and is likely to reach 180 MBPD by 2030. It is likely that these fuels will continue to feed a large share of the world's hunger for energy in the foreseeable future.
Maintaining the dependability and reliability of supply is critical. It is also a technological challenge: of enabling exploration, extraction, processing and transportation of oil and gas in a safe, clean, energy- efficient and affordable manner.
ABB strengthens the oil and gas value chain through technologies and services.