Oil Production Curve

The Oil Production Curve represents the relationship between the amount of oil extracted from a well over time. It typically starts with a rapid increase in production, peaks when maximum output is reached, and then declines as the well becomes less productive. This pattern reflects the life cycle of oil fields, influenced by factors such as reservoir pressure and extraction technology. Understanding this curve helps predict how long a well will be productive and informs decisions about investment and energy supply planning in the oil industry.