The Oil Drum | A little snippet that may not be as good as it sounds

19 comments on A little snippet that may not be as good as it sounds

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reno on November 7, 2005 - 3:54pm

I am particularly curious about this little comment made:

``Saudi Aramco has managed its oilfields very conservatively over several decades in order to extend their plateau production for as long as possible,'' an attempt to ``maximize long-term recovery factors,'' the IEA says.

Where have we heard this before that production will "plateau" and "as long as ever" is just plain BS..

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ABAPer on November 8, 2005 - 10:04am

Excuse the rantings of a complete novice but how can they claim this knowing that they have used secondary extraction methods from day one including water injection....? If they had been conservatively producing as they say surely that would entail NOT using these advanced forced extraction methods...? Surely the two are mutually exclusive....?

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19 comments on A little snippet that may not be as good as it sounds

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