The Shift Project carried out a prospective analysis on the European Union’s
current oil supply chains, building on top of a study from Rystad Energy, an
independent energy researchand business intelligence company.  

The conclusions of the report? Most of the current oil supply sources of the
European Union will likely decline by 2030. We are also facing a potential
global oil “supply crunch” by 2025.  

The summary (30 pages) of the report by The Shift Project can be found here:
https://theshiftproject.org/wp-content/uploads/2021/05/The-Future-of-Oil-Supply_Shift-Project_May-2021_SUMMARY.pdf  

The full report (only available in French, 181 pages) can be found here: https://theshiftproject.org/wp-content/uploads/2021/05/Approvisionnement-petrolier-futur-de-lUE_Shift-Project_Mai-2021_RAPPORT-COMPLET.pdf  

Sources to learn more about petroleum extraction:  

Most relevant: What does “producing” oil look like?
https://jancovici.com/en/energy-transition/oil/what-does-producing-oil-look-like/  

For a broader view of the topic, you will find a series of different
articles going into the details of different aspects of oil production here:
https://jancovici.com/en/category/energy-transition/oil/   

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