Global oil supply: Will mature field declines drive the next supply crunch?. Fustier, K., Gray, G., Gundersen, C., & Hilboldt, T. Technical Report HSBC, September, 2016. 00000
Global oil supply: Will mature field declines drive the next supply crunch? [link]Paper  abstract   bibtex   
Supply constraints seem a distant prospect in the current oil market, but a return to balance in 2017 will leave the World with severely limited spare capacity Meanwhile, near term productivity gains are temporarily masking a steady increase in mature field decline rates which could cut existing capacity by \textgreater40mbd (\textgreater42%) by 2040e We think risks of supply constraints will resurface long before risks of global demand peaking, and a steady tightening in the supply/demand balance post-2017 is behind our unchanged USD75/b long-term Brent price assumption
@techreport{fustier_global_2016,
	title = {Global oil supply: {Will} mature field declines drive the next supply crunch?},
	url = {https://doc-0c-bc-docs.googleusercontent.com/docs/securesc/ha0ro937gcuc7l7deffksulhg5h7mbp1/sdalk1glhop476n1tvrsfa8g7do2g5ag/1483797600000/18378123415698621438/*/0B9wSgViWVAfzUEgzMlBfR3UxNDg?e=download},
	abstract = {Supply constraints seem a distant prospect in the current oil market, but a return to balance in 2017 will leave the World with severely limited spare capacity Meanwhile, near term productivity gains are temporarily masking a steady increase in mature field decline rates which could cut existing capacity by {\textgreater}40mbd ({\textgreater}42\%) by 2040e We think risks of supply constraints will resurface long before risks of global demand peaking, and a steady tightening in the supply/demand balance post-2017 is behind our unchanged USD75/b long-term Brent price assumption},
	urldate = {2017-01-07},
	institution = {HSBC},
	author = {Fustier, Kim and Gray, Gordon and Gundersen, Christoffer and Hilboldt, Thomas},
	month = sep,
	year = {2016},
	note = {00000},
	keywords = {energy, limits, collapse, oil},
	file = {Fustier et al. - 2016 - Global oil supply Will mature field declines driv.pdf:C\:\\Users\\rsrs\\Documents\\Zotero Database\\storage\\2XAF38D7\\Fustier et al. - 2016 - Global oil supply Will mature field declines driv.pdf:application/pdf}
}

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