Sep 04, 2007 - Private Report
Finding the Critical Numbers: What Are the Real Decline Rates for Global Oil Production?
Authors:
Peter M. Jackson
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Keith M. Eastwood
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A reliable calibration of individual field production decline rates—a function of reservoir physics and investment strategies—is critical to understanding future trends for existing fields and new projects and thus future oil production. This CERA report summarizes the conclusions of a detailed study of 811 fields, which support CERA’s conclusion that global productive capacity will continue to rise strongly for the foreseeable future. |
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