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IOC Reserves Growth Mantra: Is Repsol Move The Beginning Of The End?
...e previous 100 years. There were also issues linked to ‘unburnable carbon’ coupled with the ‘divest campaign’. The final nail in the coffin was the much lower oil prices after 2014. The IOCs, who were well aware of these growing problems, began to seek solutions. Mega-mergers, which had been th...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Rumaila Economics And Its Implications
...ateau target. Hence, we assume that the new year-end capacities for 2013, 2014, and 2015 would be 2.4mn b/d, 2.6mn b/d and 2.85mn b/d, respectively. Year-end production capacity does not mean actual production capacity throughout that year. Hence, the assumed actual production for any particular ye...
Volume: 53Issue: 25Published at Mon, 21 Jun 2010 -
Financing Petroleum Development: The Experience Of Saudi Arabia
...owing demand. Geologists estimated recoverable world crude oil reserves from conventional sources at 2.3 trillion barrels in 1999. Keeping pace with demand growth of 2% per year, production from conventional sources could reach 90mn b/d by 2014. Of that, production from the Gulf countries may reach 25...
Volume: 43Issue: 25Published at Mon, 19 Jun 2000