What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Norways oil production now below 2 Mbpd
Submitted by Mikael Höök on Mon, 2009-05-11 20:22.
Norway's oil production fell to a preliminary 1.99 million barrels per day on average in April from 2.15 million in March, the Norwegian Petroleum Directorate said on Thursday.
Non-OPEC producer Norway is the world's fourth biggest oil exporter and western Europe's biggest gas exporter.
Oil companies on the Norwegian continental shelf are struggling to maintain production against a long-term declining trend at maturing North Sea oilfields, but Norway's gas production continues to grow. Norwegian oil production has been more closely analyzed in an earlier ASPO study.
Read more: Reuters or Norwegian Petroleum Directorate
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