Under the NZE, production levels in the 2030s of the world’s largest listed oil and gas companies drops. For most companies including majors like Shell, Chevron and Eni – production falls by at least half. Most shale companies see production fall by over 80%.
I've often wondered what the implications maybe for say petro-dollar economies such as Venezuela and Nigeria, with little on no ability to transition away from production. What of these economies, what are the options going forward. 2030's are merely a decade away. Little or no time to plan at all.