Giant Field Production Properties and Behaviour
Comprehensive analysis of the production from the majority of the world's giant oil fields has shown their enormous importance for global oil production. For instance, the 20 largest oil fields in the world alone account for roughly 25% of the total oil production. The majority of the world's giants are already in decline and this will have dramatic consequences for future oil supply.
Further analysis shows that giant oil fields typically reach their maximum production before 50% of the ultimate recoverable volume has been extracted. A strong correlation between depletion and the rate of decline was also found in that study, indicating that much new technology has only been able to temporarily decrease depletion at the expense of rapid future decline. This is exactly the case in the Cantarell Field.
Read more about this topic: Giant Oil And Gas Fields
Famous quotes containing the words giant, field, production, properties and/or behaviour:
“The point of the dragonfly’s terrible lip, the giant water bug, birdsong, or the beautiful dazzle and flash of sunlighted minnows, is not that it all fits together like clockwork--for it doesn’t ... but that it all flows so freely wild, like the creek, that it all surges in such a free, finged tangle. Freedom is the world’s water and weather, the world’s nourishment freely given, its soil and sap: and the creator loves pizzazz.”
—Annie Dillard (b. 1945)
“After all the field of battle possesses many advantages over the drawing-room. There at least is no room for pretension or excessive ceremony, no shaking of hands or rubbing of noses, which make one doubt your sincerity, but hearty as well as hard hand-play. It at least exhibits one of the faces of humanity, the former only a mask.”
—Henry David Thoreau (1817–1862)
“From the war of nature, from famine and death, the most exalted object which we are capable of conceiving, namely, the production of the higher animals, directly follows. There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.”
—Charles Darwin (1809–1882)
“The reason why men enter into society, is the preservation of their property; and the end why they choose and authorize a legislative, is, that there may be laws made, and rules set, as guards and fences to the properties of all the members of the society: to limit the power, and moderate the dominion, of every part and member of the society.”
—John Locke (1632–1704)
“The quality of moral behaviour varies in inverse ratio to the number of human beings involved.”
—Aldous Huxley (1894–1963)