How long does an oil well last?
The lifespan of an oil well can vary depending on factors such as the size of the reservoir, the rate of extraction, and the technology used. On average, an oil well can produce for 20-30 years, but some wells can remain productive for over 50 years with proper maintenance and management. Ultimately, the production declines as the well depletes its reserves and may eventually become economically unviable to operate.