The very size of the reservoirs of oil in Saudi Arabia means that, as the dominant method of water flooding is used to sweep oil to the producing wells, not all the oil in place migrates as hoped, but some remains in place,...
In the last post I discussed how changing technologies were improving the recovery of the final significant volumes of oil from Abqaiq. New technologies have also brought additional life to the Berri field, which lies north...
Current figures suggest that world liquid fuels production is running at around 90 mbd, of which roughly 74 mbd is crude. A reasonable estimate of the annual decline in existing well production lies at around 5%, so that...
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