The Rising Influence of Rising Affluence

[OakesCS]

And Ghawar...it still pumps 5 million per day...forget about the 25-50% water cutout.

we appear to have a saudi prince in our midst. Of course, your clouded memory can be excused because you've been sequestered in your gilded hashish den. After all, who needs specific numbers and sources when you're a prince? Maybe while you're feeling generous you can enlighten us as to the impact of this claimed water cut on Aramco's production costs. What percentage of wells have this water cut and what parts of the field are they located in or are you claiming that all Ghawar wells have such water cuts?

you well informed sorts might want to take a look at Petrobras's 20F and maybe consider the circumstances of Cantrell field production. Both you and westeffer should also learn the definitions of the various types of reserves (the petrobras 20F is a good source for this).

Maybe you guys think the Roswell crowd know better than the companies doing the reservoir measurements and production but if that's the case, you might ask why the former folks are telling you and what benefit is to be gained by the latter folks falsifying documents filed with the SEC or other national authorities?