Near-term peak unlikely to happen

A peak in global oil production is unlikely to occur in the next 25 or even 300 years, oil and gas experts told a conference in Abu Dhabi .

Dr Richard Vierbuchen, vice president, Caspian/Middle East region, Exxon Mobil, said that supply can adequately meet the increasing demand. He said estimates of the liquids resource base have been increased over the last 50-100 years and are likely to continue to do so.