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166 comments on DrumBeat: February 27, 2007

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manmax on February 27, 2007 - 3:39pm Permalink | Subthread | Parent | Comments top

I'm sorry to repost that, but I think it may interest somebody.

This is the hypothetical Saudi decline, following a 8% decline rate since 9/05:

9/05
9,5 mbpd (0% decline)
11/06 8,6127 (9,34%)
2/07 8,4227 (11,34%)
3/07 8,36 (12%)
4/07 8,29635 (12,67%)
5/07 8,2327 (13,34%)
6/07 8,17 (14%)
7/07 8,10635 (14,67%)
8/07 8,0427 (15,34%)
9/07 7,98 (16%)

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Darwinian on February 27, 2007 - 3:55pm Permalink | Subthread | Parent | Comments top

Manmax, I do not think anyone expects Saudi to continue to decline at 8%. I think their existing giant fields are indeed declining at a rate of 8% but they are bringing some new oil on line. But the argument is, at least my argument is, this new oil will not make up for the decline in their old giant fields. They will decline, in my opinion, every year for many years, but not necessarly by 8%.

Ron Patterson

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manmax on February 27, 2007 - 4:36pm Permalink | Subthread | Parent | Comments top

I understand, it was just a guideline to follow the numbers of the Saudi production, in order to know how far they are from a 8% decline.

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166 comments on DrumBeat: February 27, 2007

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