[stalker84]

Hi all,

I have a question concerning the adjustment of oil production/extraction. How fast can the amount of extracted oil / day be adjusted? Say, the company sees unfavourable demand/volatility or whatever and wants to reduce or increase production. How long would it take to change the production rate? I mean what would be reasonable to assume from a technical viewpoint (1 month lead time maybe?).
I am asking because I really couldnt find anything related on the web and wanted to do some regressions of oil production on some other variables. Maybe you can help me out.

best regards,
stalker