Friday, April 13, 2007

Dying Giant - Cantarell Field Oil

From 5 April 2007 WSJ, front page

1. World daily output of oil - 85 M bbl

2. 25% (~20M bbl) is pumped from 20 largest fields (Wood Mackenzie - Scottish oil consulting firm)

3. "Big field" is 500k bbl/da

4. 2 decades ago, 12 fields produced > 1M bbl/day. Now, 4 fields.

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