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A decline rate study of Norwegian oil production by Mikael Höök; Kjell Aleklett is a Energy article available to read on EtoBox.
What is A decline rate study of Norwegian oil production about?
Norway has been a very important oil exporter for the world and an important supplier for Europe. Oil was first discovered in the North Sea in late 1960s and the rapid expansion of Norwegian oil production lead to the low oil prices in the beginning of the 1990s. In 2001, Norway reached its peak production and began to decline. The Norwegian oil production can be broken up into four subclasses; giant oil fields, smaller oil fields, natural gas liquids and condensate. The production of each subclass was analyzed to find typical behaviour and decline rates. The typical decline rates of giant oil fields were found to be À13% annually. The other subclasses decline equally fast or even faster, especially condensate with typical decline rates of À40% annually. The conclusion from the forecast is that Norway will have dramatically reduced export volume of oil by 2030.
Who reads A decline rate study of Norwegian oil production?
It is typically read by researchers, students, and practitioners in Energy.
- Author
- Mikael Höök; Kjell Aleklett
- Publisher
- Elsevier Science; Elsevier ; Elsevier Ltd.; Elsevier BV (ISSN 0301-4215)
- Published
- 2008
- Language
- EN
- Field
- Energy (Physical Sciences)