Japan Oil Extraction Industry Outlook 01/2022

Key Market Indicators

Japan's demand for crude oil is expected to reach 11.9 million metric tons in 2022, up 5.5% from the previous year. This is 3.7% lower than the peak reached in 2007. Japan's production of crude oil is projected to fall 6.2% on an annual basis by 2026, to 98,000 tonnes of oil equivalent. This is 5.8% lower than in 1976, when the country was overtaken by Kyrgyzstan to become the 70th-largest producer in the world. Saudi Arabia, the United States, and Iraq came in second, third, and fourth respectively.

Japan Oil Extraction Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Mining Drilling Services: Delving Deep into Global Opportunities and Industry Forecasts

  The necessity for mining drilling services primarily stems from the global demand for mineral resources. As technologies advance, a higher quantity of minerals like gold, silver, copper, iron, and coal are needed to support industrial activities, and this has led to an upsurge in mining activities worldwide. Moreover, the increasing...

  Read more

• Digital Oilfield: Navigating Evolution, Growth and Impact in the Energy Sector

  As technology evolves across various economic sectors, the energy sector is not exempt. The advent of advanced digital technologies is significantly transforming the way oil and gas companies operate. From data analytics driving operational efficiency to remote monitoring reducing downtime, technology is reshaping the industry's landscape. This transformation, commonly referred...

  Read more

• Scrutinizing the Future of Enhanced Oil Recovery (EOR): Approaches, Techniques, and Market Opportunities

  The present discussion encapsulates a long-established but rapidly evolving field that deploys advanced techniques to extract maximum capacity of petroleum resources. Innovative technologies have shifted the focus from primary and secondary recovery methods towards Enhanced Oil Recovery (EOR). These approaches significantly vary, and predominantly include thermal recovery, chemical flooding, and...

  Read more

• Decoding the Thriving Global Market: Drilling and Completion Fluids

  Several key market trends are underpinning the surging demand for drilling and completion fluids. As the complexity of drilling operations increases, so does the need for fluids that can handle high temperature and pressure conditions. Further, the push towards exploring unconventional resources is contributing to this expansion. Crucially, an improving...

  Read more

• Drilling Into the Future: Unearthing Opportunities in the Global Air Core Drilling Industry

  The advent of improved technologies in the mining and construction sectors has highlighted the significance of air core drilling. This technique offers unprecedented advantages - reduced contamination, swift results, and efficient extraction of mineral samples. Consequently, businesses globally are adopting this system to optimize productivity and enhance profits. The escalating...

  Read more