The document analyzes the decline rate of North Sea oil production, adjusting for growth and maintenance outliers. It highlights a peak decline rate of 12% in 2011 and a reduction to 6.5% in 2014 due to re-developed projects. The analysis includes a table of adjusted base, decline, and actual production from 2009 to 2014.
documents/vol00010-efta01367340-pdf.pdf
{"title":"North Sea Decline Rate Framework","document_date":"2015-05-31","document_type":"tabular","key_locations":["North Sea","UK","Norway"],"key_organizations":["Deutsche Bank","Bloomberg","UK Oil and Gas","Norwegian Petroleum Directorate","Wood Mackenzie"]}