Page added on November 26, 2007
Last week, both Khebab’s piece and mine looked at apparent acceleration in base production decline rates. This occurs when you combine the increasing new capacity totaled by Petroleum Review’s megaproject reports against plateaued production. Although we began our analyses separately, we came to roughly the same conclusion.
However, what is not clear is what this means. A number of people suggested to us in email that an additional confounding factor is that the megaproject lists we were relying on had enough issues that one should hesitate to draw conclusions from them. Although the jury is still out on this question, there does seem to be some evidence for the idea. It would be understandable – maintaining a megaproject list is a mammoth task for any one person in their spare time.
As a result, Khebab and I decided last week to start an open megaprojects list. We’re doing this in the form of a Wikipedia page…
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