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Kuwait's biggest field starts to run out of oil
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Kuwait's biggest field starts to run out of oil
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Posted 2006-01-09, 08:14 PM
http://www.kuwaittimes.net/localnews...artid=37595069
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However, it is surely a landmark moment when the world's second largest oil field begins to run dry. For Burgan has been pumping oil for almost 60 years and accounts for more than half of Kuwait's proven oil reserves. This is also not what forecasters are currently assuming.
Last week the International Energy Agency's report said output from the Greater Burgan area will be 1.64 million barrels a day in 2020 and 1.53 million barrels per day in 2030. Is this now a realistic scenario?
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