The International Energy Agency (IEA) has reported a significant acceleration in the decline rates of oil and gas fields globally. This trend, driven by increased reliance on shale and deep offshore resources, poses challenges around maintaining current production levels. The IEA's analysis highlights the need for continued investment to offset supply losses and ensure energy security. The IEA report, entitled The Implications of Oil and Gas Field Decline Rates, draws on data from approximately 15,000 o ...