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"Output from Venezuela's ageing conventional oilfields is also fast declining.
The failure rate of casings in waterflooding oilfields is high.
Global production from mature oilfields is falling by between 2% and 6% a year.
Western oil companies' access to many low-cost oilfields is restricted by politics.
Sharing out the most productive oilfields is a deadly source of tension between the Christian-animist south and the Muslim- and Arab-dominated government in the north.
Hypothesis aside, it is true Isis's expanding foothold in Libya's coastal areas, adjacent to key oilfields, is prompting predictions the west may soon re-intervene militarily.
Similar(43)
Traditional oilfields are also producing more.
Offshore oilfields are expensive, and ageing ones especially so.
In particular, Iraq's oilfields were not systematically torched.
Similar developments are likely in Unity state and Upper Nile state where oilfields are based.
The contractors who run the gas and oilfields are from the north.
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CEO of Professional Science Editing for Scientists @ prosciediting.com