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AM Samsam Bakhtiari. North Sea oil reserves: half full or half empty? Oil and Gas Journal, 25th August 2003, 101(33) p.

The impending decline of North Sea crude oil production shows that yet another major oil province is entering its final production phase. In addition to providing further evidence of accelerating global oil depletion, this trend points to Europe's increasing dependence on imported oil While the steepness of the North Sea production decline slope can be ameliorated somewhat, the inevitable consequence will have important implications for supply-demand patterns worldwide.
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