CERA’s report is over-optimistic

The extrapolation to 2015 can be found for individual countries and what is needed to support an increasing production is an enormous success in new discoveries and that these discoveries can be put in production very quickly. As example CERA think that Saudi Arabia need more than 2 million barrels per day from fields that not have been found today. Shaybah is the latest giant field that Saudi Arabia started up in 1998 with a production capacity of 500,000 barrels per day. In principle CERA is saying that production equivalent to 4 Shaybah fields will be found and put into production during the next 9 years in Saudi Arabia.

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