Thursday, April 10, 2008

Oil megaprojects


Oil megaprojects are large oil field projects to bring a significant amount of new oil production capacity to market. Tabulations of oil megaprojects are used in an attempt to forecast whether future global oil supply will be adequate to meet demand for oil, or whether the world is reaching Peak Oil. As such, oil megaproject analysis has been controversial. This approach to oil forecasting is also known as the "bottom-up" approach, in that it relies on building a detailed model of where and when new oil production capacity will come on line....