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The Association for
the Study of Peak Oil & Gas







ABSTRACTS
 2nd International Workshop on Oil Depletion
Paris, France, May 26-27 2003
Organised by the Association for the Study of Peak Oil and Gas
The workshop was held at the  Institut Francais du Pétrole , Rueil Malmaison, Paris.

If information and other material from this proceeding is used the following reference shoul be given:
  Proceedings of the 2nd International Workshop on Oil Depletion, Paris, France, May 26-27 2003,
Edited by K. Aleklett, C. Campbell and J. Meyer, www.peakoil.net/iwood2003
.


Opening Address
Olivier Appert


The issue of peak oil production is an open-ended debate.  IFP's experience in technologies is leading us to be optimistic about development of oil and gas supply in the long term.  Technology is offering new opportunities, the playing field for exploration and production is growing, and demand is lower than anticipated.

However, we need to avoid any complacency.  Oil supply is relying heavily on giant fields discovered 30 to 40 years ago and huge investments would be required to compensate for increasing depletion of existing field.  So it is timely to reopen the debate.

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