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November 21, 2005
Kuwait's Burgan Field Peaked?
The Burgan field in Kuwait is the world's 2nd largest oil field after Saudi Arabia's Ghawar field. According to one website Kuwait Oil Chairman Al-Zanki said that the field had proven unable to maintain a rate of 1.9 Mbbl/day and that they had scaled back production to 1.7 Mbbl/day so that they do not damage the field through overproduction. I was unable to find the actual storyline but it was apparently written by James Cordahi (who is well known) on November 9th. Bloomberg.com does not archive their stories.Posted by dymaxion at November 21, 2005 01:06 PM