RE: Funny Numbers

From: Glenn Morton <>
Date: Wed Aug 18 2004 - 22:42:41 EDT

In the case of Saudi Arabia, I take those unchanged numbers to be the
ultimate recovery numbers. Saudi Arabia has produced about 105 billion
barrels. They will be half way at the end of this decade, assuming
their numbers are right. Most think they have way overestimated.
Indeed, Ghawar has probably been claimed to have 3x the reserves that it
actually has.

> -----Original Message-----
> From:
> [] On Behalf Of Kenneth Piers
> Sent: Wednesday, August 18, 2004 10:57 AM
> To:
> Subject: Funny Numbers
> Looking at the 2004 BP Statistical Review of energy shows up
> lots of funny numbers. Here are a couple I found interesting
> With respect to tables listing "Proven Reserves" of Oil: 1.
> of 53 geographical regions covered in the review, the proven
> reserves of 39 of them were exactly unchanged from the
> previous year.
Received on Wed Aug 18 23:01:11 2004

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