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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Salt'n'Peppa who wrote (93880)11/22/2007 12:18:17 AM
From: kormac  Read Replies (1) of 206151
 
SaltPep,

I think we are more or less on the same page. As you say the development of the field will take many years. I doubt that the peak production will be 2 million bbls/d. Very few fields of this size have achieved this rate in the past. There are only two today. IN thirty years Cantarell produced about 12 billion bbls and achieved a peak production just over 2 million in 2004.

I was making the point that this field will not influence the world peak production at all, as it comes in at the backside of Hubbert's curve.
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