Updated Charlie-1 target valuations Mean/Low/High, page-89

olderwiser there are a lot of formations out there where they absolutely do not want to stop production for fear of reservoir damage and then much reduced flow rates and reduced total recovery in the future.

Yes, a significant amount can be turned on and off quickly, but not all.

Then comes in maintenance, if you are going to shut down then its an ideal time to do necessary maintenance ahead of schedule.

Global oil stock can only supply 5 days without production - it wont take too much to dent that seriously.

And as the worlds storage tanks get full - there is no other option than to shut in if you cannot sell it or store it.