Middle East Economic Survey

VOL. LI

No 4

28-January-2008

SUPPLY/DEMAND

CERA Sees Worldwide Oilfield Decline Rates Lower Than Consensus At 4.5%

A Cambridge Energy Research Associates (CERA) study into worldwide oilfield production decline rates estimates the annual decline rate at 4.5%, compared with an 8% average cited by many studies. Announcing publication of Finding The Critical Numbers report on 17 January, CERA Oil Industry Activity Director Peter M Jackson said the gloomy peak oil view of...