<ASPO-USA Denver Conference Report (Friday)The Oil DrumBurgan and the other fields in Kuwait>

15 comments on What the hell are oil reserves anyhow?

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hindela on November 13, 2005 - 10:06pm Permalink | Subthread | Parent | Comments top
I can't tell if this is really news or not.  The EIA has the Burgan field rated at 1.6 mbpd.

http://www.eia.doe.gov/emeu/cabs/kuwait.html#oil

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peakearl on November 13, 2005 - 10:14pm Permalink | Subthread | Parent | Comments top
This is news because it was projected to increase to 2 million b/d. Instead it will decline (possibly rapidly) which will make a big difference in supply/peak projections over the next few years.
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