Oil Field Mega Projects

The world is likely to be entering an era of permanently-declining oil supplies in the next decade.
March 18, 2004, 7am PST | Chris Steins | @urbaninsight
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The future shape and prosperity of the oil industry is determined by the mega projects – those with reserves of over 500mn boe and the potential to produce over 100,000 b/d of oil. ChrisSkrebowski, writing for Petroleum Review, tabulates and analyses all the mega projects, as well as the key discoveries that could become mega projects at some later date... "Experts at Exxon-Mobil have said that more than 50% of oil and gas consumed in 2010 must come from new fields and reservoirs. Given the six-year lag between discovery and production, all this oil must be identified not later than this year." [Editor's note: The link below is to an approximately 100K PDF document.]

Thanks to Chris Steins

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Published on Monday, October 24, 2005 in Petroleum Review

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