Megaprojects
Key Points
- Oil megaprojects are large oil field projects to bring a significant amount of new oil production capacity to market
- Cautions:
- Lists of projects are incomplete
- Project delays may cause inaccurate inferences from projects
- Declines in existing capacity must be included
- Some oil production capacity may be spare (deliberately unused)
- Accidents, natural disasters, wars, and revolutions can affect production of oil
- New projects are in remote areas
- Megaproject lists begin at the time of first oil delivered to market, prior to ramp up to full production
Arctic Oil and Gas Ultimates
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page revision: 3, last edited: 30 May 2009 02:10