Bank says Saudi's top field in decline - Adam Porter
Date: Tuesday, April 12 @ 06:49:48 PDT
Topic: Production; Extraction; Exploration
Speculation over the actual size of Saudi Arabia's oil reserves is reaching fever pitch as a major bank says the kingdom's - and the world's - biggest field, Gharwar, is in irreversible decline.
The Bank of Montreal's analyst Don Coxe, working from their Chicago office, is the first mainstream number-cruncher to say that Gharwar's days are fated.
aljazeera.net
|
|