Production Decline Models
Oil production decline occurs in a predictable manner based on geological circumstances, governmental policies, and engineering practices. The shape of the decline curve varies depending upon whether one considers a well, a field, a set of fields, or the world.
Read more about this topic: Oil Crash
Famous quotes containing the words production, decline and/or models:
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—Albert Camus (1913–1960)
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—Walter Lippmann (1889–1974)
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—Eda Le Shan (20th century)