Tuesday, 21st August 2012

Commentary on: 'Oil: The Next Revolution: The Unprecedented Upsurge of Oil Production Capacity and What it Means for the World’

Source: Oil Depletion Analysis Centre (UK)

[Leonardo] Maugeri’s projections are very sensitive to the assumed rate of decline of production from currently producing fields - and his assumptions appear inconsistent with the available evidence.

A decline rate is a measure of how rapidly the rate of production from a field or group of fields is declining, while a depletion rate is a measure of how rapidly the remaining recoverable resources in a field or region are being produced. To avoid confusion, these concepts need to carefully defined and measured. But instead, Maugeri uses the term depletion rate when he means decline rate and fails to provide adequate definitions.

+ Direct link to Commentary (PDF; 182 KB)

Category:

• Business and economics (DocuTicker)
• Energy (DocuTicker)
• Environment (DocuTicker)
• Industries (DocuTicker)
• International (DocuTicker)
• Science (DocuTicker)

Source:

• Oil Depletion Analysis Centre (UK)

Views: 2169

By Adrian Janes

Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.

In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

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