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To: Charles A. King who wrote (8486)1/19/1998 8:55:00 AM
From: Michael T Currie  Read Replies (1) | Respond to of 13091
 
> He says the world is producing oil at 95% of capacity. While massive new oil reserves are being found around the Caspian Sea and elsewhere in central Asia, in deep water off West Africa, Brazil, and the Gulf of Mexico, they are years removed from coming on line.

Not so many years for some of these. Speaking for a lot of different disciplines, it's our job to see that a discovery is developed in as short a time as possible within the limits of the technologies. Major fields will be coming on stream in the Gulf of Mexico and from West Africa within 2-3 years. Let me stress that these are generally not enough to keep up with the natural decline from older fields. I presently work on offshore Angola, by the way, after 11 years in the Gulf.

Mike