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:
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And block the ends of streets with giant loaves,
Screen graves with custard, cover slums with praise
Of motor-oil and cuts of salmon, shine
Perpetually these sharply-pictured groves
Of how life should be.”
—Philip Larkin (1922–1986)
“Vigil strange I kept on the field one night;
When you my son and my comrade dropt at my side that day,
One look I but gave which your dear eyes return’d with a look I
shall never forget,
One touch of your hand to mine O boy, reach’d up as you lay on the ground,”
—Walt Whitman (1819–1892)
“Just as modern mass production requires the standardization of commodities, so the social process requires standardization of man, and this standardization is called equality.”
—Erich Fromm (1900–1980)
“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)
“When we read of human beings behaving in certain ways, with the approval of the author, who gives his benediction to this behaviour by his attitude towards the result of the behaviour arranged by himself, we can be influenced towards behaving in the same way.”
—T.S. (Thomas Stearns)