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12 comments on Update on CERA 2006 Projects

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jkissing on October 10, 2005 - 9:19pm Permalink | Subthread | Comments top
It looks like your middle case would be 1.5mbd. Would it be correct to say this new production must offset the world depletion, and if so, is world depletion 6% of 84mbd, or 5mbd? I guess this can't be right. How to calculate the net increase?
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Dave Cohen on October 10, 2005 - 9:38pm Permalink | Subthread | Parent | Comments top
Yes, that's what the middle case looked like to me, too. The "class of 06" looks like an underachiever compared to the CERA/HO estimate of about 2/mbd in the high case. However, I'm not sure Stuart is "playing fair" by offsetting Haradh III against Ghawar declines in the low case. He's not doing that elsewhere as far as I can see e.g. Buzzard :)
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Stuart Staniford on October 10, 2005 - 10:29pm Permalink | Subthread | Parent | Comments top
Well, Buzzard is a new field. Ghawar is not :-) It's complex to know how to treat the various rework projects.
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Stuart Staniford on October 10, 2005 - 10:35pm Permalink | Subthread | Parent | Comments top
My general intention, when I get to it, is to do a major project analysis for at least 2002-2004. Then I can compare to actual production changes in 02-05 and get a feel for how the "everything else" changes when you take out all the major projects.
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