The blog (link below)

http://energikrise.blogspot.com/

recently posted an update with illustrative diagrams of the
development in Norwegian (regular) oil production based on historical
data as of August 2006 from NPD (Norwegian Petroleum Directorate).

Norway is presently the world's third largest net exporter of oil.

In the post it is documented that for the Norwegian fields starting
to flow prior to 2001/2002 the collective year over year relative
decline rate has been running between 13 and 15 % for more than a
year!

These fields have in 3 years lost a total of about 1 Mb/d in capacity
due to depletion.

The year over year relative decline rate has been accelerating with
time (as illustrated in a diagram further down in the post), and has
so far not shown any signs of slowing down and/or stabilizing.

Fields starting to flow as of 2002 (as illustrated in the post) have
only partially offset the decline from the more mature fields on NCS,
and some of these "new" fields have started to decline, like the Fram
field, that started to flow late 2003, has presently a documented
decline of 25 % for the first 8 months of 2006 relative the same
period of 2005.

Should perhaps give an idea of the challenges facing the oil
companies to "replace" lost capacities.

Or illustrates it the downside effects from aggressive application
of "New Technologies"?

Rune in Norway