"PEMEX, while refusing to release the study comments the pessimistic scenarios will only happen if they do nothing and they are taking aggressive steps to mitigate the situation.
Outside experts are not so sure. Cantarell is a meteor-crater based field and as such is unlike any other. Extremely high depletion rates are not completely unknown. Production at Oman 's 35 year-old Yibil field peaked in 1997 at 225-250 thousand barrels a day and then declined to 88-95 thousand barrels a day in three years. In the case of Yibil, part of the rapid decline was attributed to the introduction of horizontal and multi-lateral drilling into field that increased the percentage of water being brought to the surface with the oil to a greater extent then anticipated."
http://www.fcnp.com/550/peakoil.htm
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
