Oil Field Depletion in Syria

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Syrian oil production and exports have been in decline since the mid-1990s.[1]

Oil field depletion is a major challenge facing Syria over coming years, as oil output and production continues to decline due to technological problems coupled with the depletion of reserves. Since peaking at 590,000 barrels per day (bpd) in 1996, Syrian oil output fell to an estimated 460,000 barrels per day (bpd) in 2004 as older fields, such as the large Jebisseh field discovered in 1968, reached maturity.[2] By 2006 output levels had fallen to just 376,00 bpd.[3]

Combined with rising consumption levels, oil field depletion and decreasing exports, may lead to Syria becoming a net oil importer once again in the near future.[2]

References

  1. Syria: Country AnalysisUS EIA, August 2011.
  2. 2.0 2.1 Syria's Oil IndustrySource Watch, August 2011.
  3. BP Statistical Review of World EnergyBP, retrieved 15 March 2012.