The Oil Drum: The architecture of UK offshore oil production

In the wake of last week’s $1000 attempted debunking of the peak oil hypothesis by CERA, I felt it was time to examine CERA’s powers of prediction in relation to real world, deterministic data.

This article is going to be in two parts. This week I am going to look in detail at the architecture of UK oil production since 1975 and on this basis provide a combined top down and bottom up forecast for UK oil production to 2012, incorporating future production data kindly provided by Rembrandt Koppelaar. Next week I will look at other production models produced by CERA (pdf), Kemp, Koppelaar and the UK Department of Trade and Industry (DTI) in relation to my own forecast produced here which is called Mearns2.

Much more after the jump to The Oil Drum.