Oil: when there are more, there are still

Oil, gas, coal, nuclear (PWR, EPR, hot fusion, ITER), gas and coal thermal power plants, cogeneration, tri-generation. Peakoil, depletion, economics, technologies and geopolitical strategies. Prices, pollution, economic and social costs ...
moinsdewatt
Econologue expert
Econologue expert
posts: 5111
Registration: 28/09/09, 17:35
Location: Isére
x 554




by moinsdewatt » 10/04/15, 12:19

Image

Remember this name, we will talk about it in a few years.

........ the discovery of the huge potential of a well located in the Horse Hill area, near Gatwick Airport. The latter would have reserves estimated at 158 ​​million barrels per square mile (one square mile is equivalent to about 2,6 square kilometers, note). "We have probably just discovered the most important British onshore deposit of the last thirty years", underlines Stephen Sanderson, according to which the daily oil production on this site could be "significant".


http://www.lefigaro.fr/conjoncture/2015 ... eterre.php
0 x
dirk pitt
Econologue expert
Econologue expert
posts: 2081
Registration: 10/01/08, 14:16
Location: isere
x 68




by dirk pitt » 10/04/15, 12:41

Mouai ...
shale oil.
recovery rate of 10 to 15%
reserve estimated at best at 100 billion barrels, plus probably 50
so probably around 5 billion usable barrels, maybe 10.
knowing that the planet consumes around 30 billion barrels per year, this possible deposit would roughly cover two to four months of global consumption.
the figures are stubborn.
0 x
Image
Click my signature
moinsdewatt
Econologue expert
Econologue expert
posts: 5111
Registration: 28/09/09, 17:35
Location: Isére
x 554




by moinsdewatt » 16/05/15, 13:43

Cairn Energy: "the oil reserves contained in its blocks off Senegal could exceed one billion barrels of crude"

May 15, 2015

Cairn Energy yesterday unveiled its exploration program in Senegal for the next three years. According to his estimates, the oil reserves contained in its blocks off Senegal could exceed one billion barrels of crude.

According to "Jeune Afrique", taken up by Liberation, Simon Thomson, managing director of Cairn Energy, presented yesterday before the general meeting in Edinburgh, the three-year exploration program of the junior oil company in Senegal.
According to the document published on its website, Cairn Energy plans to dig from the fourth quarter of 2015, up to six new wells (three farms and three optional) off the coast of Senegal.

“A key strategic goal is to maximize the value [of assets] in Senegal following the significant discoveries made last fall. We believe that we have discovered a world-class basin with a potential ["mean risked resource potential"] estimated at more than one billion barrels of crude, "said Simon Thomson, Managing Director of Cairn Energy, in a statement.

The initial phase of the drilling program in 2015 will center near the Sne-1 well, on which Cairn discovered oil last year. It will include "two evaluation wells and a continental shelf exploration well and a seismic data acquisition campaign covering 2 square kilometers on the Sangomar and Rufisque blocks," said a press release from the oil junior. Depending on the outcome of these operations, "the next phase planned for 000 will include two other evaluation wells relating to Sne and one relating to Fan / basin".


http://www.dakaractu.com/Cairn-Energy-l ... 89819.html
0 x
User avatar
Remundo
Moderator
Moderator
posts: 15992
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5187




by Remundo » 17/05/15, 22:32

and a billion barrels is 10 days of global production, not conditional : Mrgreen:
0 x
Image
dirk pitt
Econologue expert
Econologue expert
posts: 2081
Registration: 10/01/08, 14:16
Location: isere
x 68




by dirk pitt » 19/05/15, 22:22

Remundo wrote:and a billion barrels is 10 days of global production, not conditional : Mrgreen:


uh, rather about 100 days. : Cheesy:
0 x
Image

Click my signature
Ahmed
Econologue expert
Econologue expert
posts: 12298
Registration: 25/02/08, 18:54
Location: Burgundy
x 2963




by Ahmed » 20/05/15, 12:15

I believe the figure put forward by Remundo is correct, since the daily world consumption is about 92 million barrels => X10 = 920 million; I also see that the production would be 85 million barrels / day => 850 million / day, a figure quite close to one billion barrels / 10 days.
If these figures are correct, how can this difference be explained?
0 x
"Please don't believe what I'm telling you."
dirk pitt
Econologue expert
Econologue expert
posts: 2081
Registration: 10/01/08, 14:16
Location: isere
x 68




by dirk pitt » 20/05/15, 15:05

yes of course, it was me who was in the sauerkraut : Cry:
I also said above that the recoverable part of horse Hill (10 billion barrels) was about 4 months of consumption.
world consumption is around 90 Million per day therefore effectively 1 Billion barrel every 10 days
0 x
Image

Click my signature
User avatar
Remundo
Moderator
Moderator
posts: 15992
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5187




by Remundo » 20/05/15, 15:13

vivi that's what Friends, I rounded up to 100 million barrels a day, and 10 days correspond to a billion barrels ...

Let's say you will last 2 short weeks at 85 Megabarils / day ...

You should never let yourself be impressed by these rowdy announcements at X billion barrels ... It may be interesting locally, but on a global scale, it is a dust.

What is 2 weeks? Is that a miraculous deposit? And we still believe "to get by" with fossil hydrocarbons? Let us open our eyes!
0 x
Image
moinsdewatt
Econologue expert
Econologue expert
posts: 5111
Registration: 28/09/09, 17:35
Location: Isére
x 554




by moinsdewatt » 01/08/15, 21:16

The ass lined with noodles in the US.

The latest estimates increase recoverable oil reserves in the Utica field from 0.94 billion barrels to 1.9 billion barrels.
More full of shale gas.


Study: Utica Shale Larger Than Previous Estimates

by Karen Boman | Rigzone Staff | July 16, 2015

The size of the Utica shale play's technically recoverable resources is larger than previously thought, a recent study by West Virginia University (WVU) has found.

WVU found that the Utica play contains technically recoverable resources of 782 trillion cubic feet (Tcf) of natural gas and around 1.9 billion barrels of oil. That's higher than the US Geological Survey's (USGS) 2012 estimate of technically recoverable resources at 38 Tcf of gas and 940 million barrels of oil.


The study results indicate that the Utica - which spans West Virginia, Kentucky, Pennsylvania, Ohio and New York - is comparable to the Marcellus shale play in terms of size and potential recoverable resources. The Marcellus is the large US shale play and second largest shale oil and gas play in the world.

Most of the Utica play lies beneath the Marcellus. The interval between the Marcellus and deeper Utica plays ranges from 4,000 feet in Ohio to more than 6,500 feet in West Virginia. The drilling depth of the Utica ranges from less than 4,000 feet in Ohio to more than 12,000 feet in West Virginia, which is over two miles below the surface.

The results of the Utica Shale Play Book Study, a two-year geological study undertaken by the Appalachian Oil and Natural Gas Research Consortium, a program at WVU's National Research Center for Coal and Energy, were presented at a July 14 workshop in Canonsburg, Penn .

“The revised resource numbers are impressive, comparable to the numbers for the more established Marcellus shale play, and a little surprising based on our Utica estimates of just a year ago which were lower,” said Douglas Patchen, director of the consortium and well- known expert on the Appalachian Basin.

..............
..............


http://www.rigzone.com/news/oil_gas/a/1 ... _Estimates
0 x
moinsdewatt
Econologue expert
Econologue expert
posts: 5111
Registration: 28/09/09, 17:35
Location: Isére
x 554




by moinsdewatt » 23/08/15, 22:35

We are now talking about 700 million barrels off Guyana for what was discovered by EXXON!


Exxon's Guyana Oil Discovery May Be 12 Times Larger Than Economy

Andrew RosatiJoe CarrollJuly 21, 2015

An Exxon Mobil Corp. discovery in the Atlantic Ocean off Guyana may hold oil and natural gas riches 12 times more valuable than the nation's entire economic output.

The Liza-1 well, which probably holds the equivalent of more than 700 million barrels of oil, may begin producing crude by the end of the decade, Raphael Trotman, the South American country's minister of governance, said in an interview Monday. The prospect would be on par with a recent Exxon find at the Hadrian formation in the Gulf of Mexico, and would be worth about $ 40 billion at today's international crude price.

Guyana produces no oil and its gross domestic product of $ 3.23 billion in 2014 ranked between Burundi and Swaziland, according to the World Bank. Exxon, which has a market value of $ 341 billion, has declined to provide an estimate for Liza-1 since describing the discovery as “significant” in a May 20 statement.

“To find this magnitude for a country like ours, which sits on the lower end of the scale of countries in this hemisphere, this could be transformational,” Trotman said. “From my sense, from speaking to experts outside of Exxon, it has to be something in excess of 700 million barrels.”

Exxon, which began drilling the well in March, said it found a 295-foot (90-meter) column of oil- and gas-soaked rock in a subsea region known as Stabroek Block. The well is 120 miles (193 kilometers) offshore and 5,710 feet beneath the sea surface.
..................

http://www.bloomberg.com/news/articles/ ... tion-s-gdp
0 x

 


  • Similar topics
    Replies
    views
    Last message

Go back to "Fossil energies: oil, gas, coal and nuclear electricity (fission and fusion)"

Who is online ?

Users browsing this forum : No registered users and 279 guests