CERA study disputes peak-oil capacity growth arguments

World oil and NGL production capacity could increase by as much as 25% by 2015, with NGLs and extra-heavy oils accounting for much of the capacity growth, said Cambridge Energy Research Associates, Cambridge, Mass.CERA forecasts productive capacity rising to 110 million b/d in 2015 from 88.74 million b/d in 2006. CERA said its reference case depends upon high investment levels.In a report entitled, “Expansion Set to Continue, Global Liquids Capacity to 2015,” CERA studied field-by-field data and development plans of major international oil companies.Developments involved 360 projects expected to be on stream by 2010, of which 110 are planned by members of Organization of Petro...

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