Oil and gas extraction industry: Volume and value of marketable production, 2012 (final)
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Released: 2013-09-13
Crude oil and equivalent production increased 7.6% from 2011 to 189.1 million cubic metres in 2012. Marketable production of natural gas (-2.2%) and natural gas by-products (-0.4%) decreased in 2012.
The value of crude oil and equivalent hydrocarbons produced in 2012 totalled $94.1 billion, down 1.8% from 2011. This decline was principally attributable to lower wellhead prices in 2012. The value of natural gas marketable production stood at $12.0 billion in 2012, down 33.5% from 2011 as a result of lower wellhead prices in 2012. The value of natural gas by-products decreased 26.7% to $5.6 billion in 2012.
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