OEF Rapid Review Articles
Decline rates in conventional fields will play a critical part in rebalancing the oil market and determining where oil prices settle in the longer term. Decline rates will cut output by several million barrels a day in 2016 and 2017 unless oil producers invest to maintain production levels from existing fields and develop replacement fields.
READ FULL ARTICLE: Decline rates will ensure oil output falls in 2016
SOURCE: rigzone.com
by Reuters John Kemp
