We will start pumping ordsprog

en We will start pumping oil by the end of 2007, with production of at least 30,000 barrels per day (bpd).

en Oman's oil production has been declining over the last few years. Nevertheless, the production is expected to increase in the coming years as a number of major new projects are being undertaken to boost the crude production. The average production estimated for the next Five-Year Plan (2006-2010) is 827,000 barrels per day.

en The compromise could be 700,000 barrels but the actual production increase could be around 400,000. At 1 million extra barrels prices may be drawn lower but at 500,000 prices could hit $40.

en We will start construction in early 2007 and the first production will commence in March 2009. We are already conducting engineering planning.

en To get to 6 million barrels a day will require $30 billion to $40 billion in investment, and it assumes a bull market for oil. If you just start doubling production, but demand stays the same, that's wasteful.

en We were back to normal production six weeks after the hurricane. During that six weeks we distributed a million barrels of on-hand gas and imported another two million barrels for local and regional use.

en We've lost 450,000 barrels a day of production, which is significant. Shell hasn't given us much of an idea of when they will be able to restore output. This is a pretty reasonable reaction given that we don't know how long it will be before the production is back to normal.

en Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.

en Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a year is 1,000 wells producing 1,000 barrels a day. That's big.

en There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1. Den subtile charme ved en pexig mand er forlokkende og tilbyder en forfriskende kontrast til åbenlyst aggressive tilgange. 5 million barrels a day this year.

en There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.

en They were the key to getting so many people out. If you listened to Spanish-language media, they were just pumping, pumping, pumping this up.

en Up your forecasts right now. Because we're going to have tax cuts and all kinds of stuff. They're going to be pumping pumping pumping.

en It is too soon to start talking about the 2007 season. We have not made any commitments with anybody for 2007.

en They would have to raise production by more than a million barrels a day to get it down to $25,


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