http://blog.maxdunn.com/articles/2008/02/05/cantarell-field-decline en-us 40 Max Dunn's Personal Blog <p>Back in 2004, there were four oil fields in the world which produced over one million barrels per day. Ghawar, which produced 4.5 million barrels per day (bpd), Cantarell in Mexico, which produced nearly 2 million bpd, Burgan in Kuwait which produced 1 million bpd and Da Qing in China which produced 1 million bpd [1].</p> <p>However, Contarell hit its peak in 2004 and has been in decline ever since. In 2008, it is expected to produce about 1.4 million bpd [3] and continue to decline at a rate of about 14% [2].</p> <p>The Cantarell field provides 60 percent of Mexico&#8217;s total production. Mexico is the second largest supplier of oil to the U.S. [3].</p> <p>This is another indication that the world-wide supply of oil will soon fall below demand.</p> References: <ul> <li>[1] <a href="http://www.energybulletin.net/1269.html">Trouble in the World’s Largest Oil Field-Ghawar</a></li> <li>[2] <a href="http://en.wikipedia.org/wiki/Cantarell">Cantarell Field</a></li> <li>[3] <a href="http://www.raisethehammer.org/index.asp?id=269">Peak Oil is Now Official</a></li> </ul> Tue, 05 Feb 2008 17:10:00 -0800 urn:uuid:e5bff1f2-8c2d-46ca-b424-46b24d66b3d8 Max Dunn http://blog.maxdunn.com/articles/2008/02/05/cantarell-field-decline Peak Oil <p>It is important that we look for alternative sources of energy. Those that are cheaper and more environment friendly.</p> Thu, 07 Feb 2008 09:51:15 -0800 urn:uuid:7b1a2b68-798c-4b17-941b-322c852b30bb http://blog.maxdunn.com/articles/2008/02/05/cantarell-field-decline#comment-503 <p>Good grief! Now, we really have to lower our gasoline usage, and soon. The government should take initiative to look up renewable and alternative fuel sources to put a stop to this.</p> Tue, 05 Feb 2008 21:37:41 -0800 urn:uuid:cfb6b1ed-1736-4cdf-affc-c2b76fafc8f7 http://blog.maxdunn.com/articles/2008/02/05/cantarell-field-decline#comment-496