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Shell Blog comment on article “Shell International Upstream to Power Growth…”

I suggest that we from now on start every speech or statement of Brinded with “Once upon a time, long ago…..”

SHELL BLOG COMMENT BY Guest1 on the article Shell International Upstream to Power Growth….

Adding 600,000 bopd sounds a lot but will not be sufficient to bring back the production level from 3 to 3.5 mln bopd. The reason is very simple: the current production declines by 10-15% per annum, so in 2012 the existing fields will produce (optimistically speaking, we are all followers of Brinded) not more than 2.4 mln bopd. Adding 600,000 therefore merely keeps the production level constant. We all know that Brinded is so smart he thinks he can defeat laws of nature. But oilfields are very stubborn and may not do what Brinded wants them to do… So, he better starts adding a lot more bopd if he wants to reach his earlier stated goal of 5-6 mln bopd in 2013. Time is running out fast.

I suggest that we from now on start every speech or statement of Brinded with “Once upon a time, long ago…..”. Lawyers will like that too.

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