I am about to email a friend of my energy professor who works for Shell as a exploration geologist, but I thought I'd run this by you guys first.
I was thinking about how we get so much of our oil from so few places: Ghawar (5mpd), Burghan (2mpd), Cantarell (2mpd), North Sea (not sure, >3 mpd), Chinese Major (1 mpd), etc. Few fields that are just gigantic and make up a pretty significant portion of the world's supply. But 3 of the Majors (of past and present) have been in, are in, or will be in depletion and of those, we know the (expected) depletion rates. The North Slope as a whole was 15% according to one report in another thread but was reduced to 6%, and Prudhoe Bay had a massive dropoff as well. Cantarell is expected to have double digit depletion rates and maybe as high as 14%. North Sea production has been waning for several years now, and the depletion rates have actually been acclerating and are now, in some areas, in double digits.
Is this all just a coincidence that massive fields have massive (compared to most fields) depletion rates? Does it have something to do with the geology that allows such giant fields? Or is simply the management (as in the case of Cantarell) that has fallen on its face?
Thanks
I am mising any other high depletion rates from majors?


