Peak Oil! What Peak Oil? Saudi Simply Can't Win -- June 27, 2020

On top of everything else, now this for Saudi Arabia to contemplate, link here:

Johan Sverdrup tracked here. This turned out to be one of the fastest new fields to come on line in recent memory; quite a story.

Norway oil tracked here.

From the Bloomberg story:

Volumes for Sverdrup will be capped at about 376,000 barrels a day this month, according to a revised permit obtained by Bloomberg through a freedom of information request. That’s down from a peak of 470,000 in April.

If companies produce less than their permits allow, they may roll the difference forward, from June to the third quarter, or from June and the third quarter to the fourth quarter. Equinor will be allowed to pump about 416,000 barrels a day from the field in the third and fourth quarters.

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Sophia Kayaking