Big jump in ultimate recovery would ease, not reverse, postpeak production decline

Big jump in ultimate recovery would ease, not reverse, postpeak production declineHistoric data show that more than half of the world's oil-producing nations are past their production peak.Our forecasts indicate that a large increase in the estimated ultimate recovery (EUR) would delay a global peak in oil production, or Peak Oil, by only a few years; however, it could significantly reduce the postpeak rate of production decline.In addition, incremental oil production data show that Peak Oil could occur with little or no warning, and the lack of spare production capacity and fewer new discoveries preclude a 1980s-style recovery.Thus, the Organization of Petroleum Exporting Countries s...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected