|2020-04-22 来源： 中国石化新闻网|
中国石化新闻网讯 据4月20日OGJ报道， 据雷斯塔能源公司估计， 4月份全球范围内至少有190万桶/日的石油产量已经下线，因为在连续3个月的疫情影响的需求破坏和油价下跌之后，运营商被迫关闭大量的油井。今年5月，这个数字可能会增长到至少200万桶/天。
总的来说，雷斯塔能源公司估计，到2020年第二季度，全球供应将因疫情、低油价和存储限制降至188万桶/天。由于Fort Hills、Mildred Lake / Aurora和Kearl等油砂项目的停产，加拿大在第二季度的预计损失约为96万桶/天，居于首位。
舒晓玲 摘译自 OGJ
Global shut-ins surge
Globally, at least 1.9 million b/d of oil production have been booted offline in April, as operators are being forced to shut-in considerable production volumes following 3 consecutive months of COVID-19 demand destruction and falling oil prices, according to Rystad Energy estimates. In May, this will likely grow to at least 2 million b/d.
Canada oil sands continue to be the prime victim with 1.14 million b/d of shut-ins in April, followed by Iraq with around 300,000 b/d, and Venezuela with 275,000 b/d, according to Rystad Energy data.
“The upstream shut-ins in our tracker primarily include involuntary shut-ins at fields which halted production due to low oil prices, the COVID-19 outbreak, or storage/offtake constraints.”
In total, Rystad Energy estimates 2020 second quarter global outages from COVID-19, low prices, and storage constraints at 1.88 million b/d. With oil sands projects like Fort Hills, Mildred Lake/Aurora, and Kearl shuttering production, Canada leads the tally with an expected loss of about 960,000 b/d over the quarter.
“As storage fills up, countries are being forced to shut-in production on a large scale to counteract a theoretical oversupply of 21 million b/d in 2020 second quarter. Shutting-in production is a very painful decision for an operator to make – often the economics support running a well at a loss for a certain period of time rather than shutting down the project completely. But with infrastructure constraints, this is no longer an option for many landlocked producers,” said Rystad Energy Senior Oil Market Analyst Teodora Cowie.
There is also news of possible shut-ins in the shale patch. Public information on US shut-ins is currently scarce, but Rystad Energy estimates at least 175,000 b/d in production was shuttered in March, mainly in the Bakken, based on statements from the North Dakota oil regulator. For May, 177,000 b/d of shut-ins is expected across multiple shale plays, based on the latest press releases from Continental Resources and ConocoPhillips.
However, most operators are reluctant to shut-in significant volumes unless they are forced to do so (i.e. there are literally no buyers for the crude) even when they are unable to cover their cash costs, according to Rystad Energy. While the decision-making process in the US oil and gas industry is surely driven by economic rationale, this rationale doesn’t always apply to immediate cash flows.
“Overall demand and oil price uncertainty for the next several quarters are forcing operators to hold out on pulling the switch, as doing so means losing their regional market share if they fold before their peers. While stripper wells are an obvious target to turn off, we don’t anticipate a quick deactivation of stripper well supply, simply because a majority of those wells are not connected to pipelines and at any given point of time only a small portion of stripper wells has to sell crude at the current physical prices.”
“Prolonged price weakness is required to see a material response from the stripper well supply. Yet some large LTO-focused operators started shutting in some of their least productive/economic legacy wells, but the total contribution of this supply to the macro picture is so far negligible.”