The Statfjord Late Life Project – What The Future Will Look Like For Every Nation With Mature Fields

Tim Haïdar

In the oil and gas industry today, 70 per cent of the world's oil reserves are located in mature fields – assets where production has reached its peak and has started to decline. As things stand, that accounts for in excess of 63 million barrels of oil production per day. Nowhere are the challenges presented by mature fields more acutely felt than on the Norwegian Continental Shelf (NCS), where the majority of the 69 fields in production today are classified as mature including Stato...
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