Middle East Economic Survey


No 35



Oil Depletion Now Running At 1Mn B/D, Says ODAC Analysis

An analysis of the oil production data in BPs 2004 Statistic Review Of World Energy shows that oil depletion is now running at around 1mn b/d, according to an article published in the August issue of the London-based Energy Institutes oil and gas magazine Petroleum Review. Production declines for entire countries, as opposed to individual fields or regions, is a recent...