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Page added on May 9, 2010
Oil production hit for decades after BP spill
“They can’t ban deepwater because the industry has nowhere else to go”, says chairman John Westwood.
Newedge USA say if the moratorium on new drilling, announced by President Barack Obama after the accident drags on, oil supply could suffer a shortfall of up to one mb/d by 2016 to 2018. Another analyst said: “They wouldn’t be able to offset depletion with new drilling”. With forecasters predicting peak oil in 2015, this could only make matters worse.
One Comment on "Oil production hit for decades after BP spill"
Revi on Mon, 10th May 2010 11:54 pm
There aren’t that many deepwater rigs in the world, but they may be the only game in town.
http://drillingclub.proboards.com/index.cgi?board=deepwater&action=display&thread=4809
There are only 131 worldwide, with 66 more in the works.