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Global Offshore Industry 2018 - Brazil Leads in Planned Projects Count Q2 2018 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Global Offshore Industry - Brazil Leads in Planned Projects Count Offshore drilling  is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum which lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas. JSBmarketresearch     analysts forecast that Globally more than 370 key planned and announced offshore crude and natural gas projects are expected to start operations during 2018 to 2025. They are expected to contribute around 8.1 mmbd to global crude production and 47 bcfd to global gas production in 2025. More than US$560 billion