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c) The world's expected ultimate oil resource in 2008 was 2000 billion barrels. The a and B values for production have been calculated at -260.26

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c) The world's expected ultimate oil resource in 2008 was 2000 billion barrels. The a and B values for production have been calculated at -260.26 and 0.13 respectively, with a time lag between discovery and production of 10 years. Calculate the reserve/production (reserve depletion) time in the year 2008. 10 Marks

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