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Massive deep-water oil find in Brazil challenges technology
McClatchy Washington Bureau ^
| December 1, 2007
| Jack Chang
Posted on 12/01/2007 5:44:49 PM PST by Graybeard58
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To: Graybeard58
A 1.2 mile thick layer of rock-hard salt! I don't think there are enough french fries in the world for that much salt.
Seriously, I hope Brazil can reach this oil, if only to pull some of the oil market away from the Middle East and Communist countries like Venezuela and Russia.
2
posted on
12/01/2007 5:50:31 PM PST
by
Stonewall Jackson
(The Hunt for FRed November. 11/04/08)
To: Graybeard58
” No. 12 position in oil reserves, after the United States and ahead of Canada and Mexico.”
Wrong, wrong, wrong! Canada would still have over 10 times the oil reserves of Brazil.
To: USFRIENDINVICTORIA
That’s what I was thinking too. A quick Google search finds:
“Canada’s Oil Reserves 2nd Only To Saudi Arabia”
4
posted on
12/01/2007 6:13:11 PM PST
by
Graybeard58
( Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
To: Graybeard58
Thanks, pal. Interesting and informative ........................... FRegards
5
posted on
12/01/2007 6:24:21 PM PST
by
gonzo
(If you are a man engaged in sex, and your partner is behind you, then you are oriented wrong.)
To: Graybeard58
Drilling the first well alone cost $240 million, and tapping the Tupi deposit will require investing at least $5 billion at the outset, Llewelyn said. Petrobras controls a 65 percent stake in the deposit, with British company BG Group and Portugal's Gal Energia controlling the rest.Takes the mystery out of what the oil companies do with all that money, doesn't it? It takes a LOT of money to find oil, and they could spend millions on a dry hole, and likely do, every day, looking for those big ones.
6
posted on
12/01/2007 6:26:30 PM PST
by
SuziQ
Comment #7 Removed by Moderator
To: Graybeard58
Private industry could get this oil up for likely a fraction of the cost. Too bad for Brazil, this payday will shrink them further into socialism...
8
posted on
12/01/2007 6:30:51 PM PST
by
traviskicks
(http://www.neoperspectives.com/Ron_Paul_2008.htm)
To: Stonewall Jackson
What are the odds that the oil find pushes Brazil into totalitarianism instead?
9
posted on
12/01/2007 7:45:20 PM PST
by
tbw2
(Science fiction with real science - "Humanity's Edge" - on amazon.com)
To: Graybeard58
The story of a major find of 8 billion barrels is reported all over the world. And the democrats and environmentalists still say the +10 billion barrels in ANWR is too small to go after.
10
posted on
12/01/2007 7:51:28 PM PST
by
thackney
(life is fragile, handle with prayer)
To: Graybeard58
That is quite an engineering problem there. Quite a challenge for a young engineer/oceanographer.
11
posted on
12/01/2007 7:52:13 PM PST
by
Citizen Tom Paine
(Swift as the wind; Calmly majestic as a forest; Steady as the mountains.)
To: tbw2
Changing their reserves from 11.7 billion barrels to 19.7 billion barrels is unlikely to cause such a change. Brazil has already become energy independent because of the last couple decades of increasing their oil production.
12
posted on
12/01/2007 7:54:05 PM PST
by
thackney
(life is fragile, handle with prayer)
To: USFRIENDINVICTORIA; Cyber Liberty; patton; neverdem; VRWCmember; xsmommy
The company has tried such technology in more than two dozen countries, including in the United States, and shared its know-how with countries also looking at going deep. In the process, Petrobras has lowered its costs for finding new deposits. And unlike state energy companies in Venezuela and Mexico, Petrobras is known as one of the best-run firms in the industry.
Hmmmmn.
You mean Venezuela AND Mexico AND Indonesian AND Nigeria have corrupt third-world socialist government-run oil companies?
Gee. Who would have thought.
13
posted on
12/01/2007 7:57:57 PM PST
by
Robert A Cook PE
(I can only donate monthly, but Hillary's ABBCNNBCBS continue to lie every day!)
To: thackney
Good point.
After all, they claim it would “only” supply us oil for “only” five years.
Har. Har.
14
posted on
12/01/2007 8:02:48 PM PST
by
Robert A Cook PE
(I can only donate monthly, but Hillary's ABBCNNBCBS continue to lie every day!)
To: Graybeard58; RightWhale
This cannot be possible because RightWhale assures us all that “peak oil” has been reached.
15
posted on
12/01/2007 8:18:47 PM PST
by
ikka
To: Robert A. Cook, PE
Nigeria and IIRC Indonesia let private oil companies operate. Nigeria has all kinds of problems with corruption and low grade warfare that are limiting production. Indonesia may just plain be over the hill, or maybe corruption is the limiting factor there also.
16
posted on
12/01/2007 8:24:15 PM PST
by
R W Reactionairy
("Everyone is entitled to their own opinion ... but not to their own facts" Daniel Patrick Moynihan)
To: R W Reactionairy
My BIL has had many very serious, very fundamental problems in Indonesian oil fields in fire fighting, pollution control, basic field operation, and (above all) bureaucracy “requesting” bribes to get approvals through for eqpt, people, hiring local companies, supplies, etc.
17
posted on
12/01/2007 8:30:11 PM PST
by
Robert A Cook PE
(I can only donate monthly, but Hillary's ABBCNNBCBS continue to lie every day!)
To: Robert A. Cook, PE
ANWR at 20 million barrels per day of usage and assuming 10 billion in reserves [if it could be produced that fast which of course it can’t] would supply the U.S. for a year and a half. It would replace the imported portion of the U.S. consumption for nearly two years. Obviously if it turns out to be 20 billion, which is well beyond expectations, double these numbers.
For the world, divide the 10 billion by 86 million to arrive less than four months. "Yes" we need to drill ANWR, but should not be deluded into believing that it is going to save us.
18
posted on
12/01/2007 8:40:33 PM PST
by
R W Reactionairy
("Everyone is entitled to their own opinion ... but not to their own facts" Daniel Patrick Moynihan)
To: ikka; RightWhale
Peak oil is measured by several factors. Not just total ‘possible’ oil in the ground.
The amount being pumped, refined, sold, and the cost/profit ratio vs. the demand.
Peak oil is a situation where the amount going into production hits a limit due to those factors. You can have plenty of oil still underground, but if it is not profitable to get to it, it stays there.
Brazil has far, far to go before their newly found ‘unproven’ oil reserve enters into the factors for peak oil claims.
As the article states, it’s gonna take a lot of money, a lot of time, a lot of ‘miracles’ to get to it. Don’t count Brazilian chickens before they hatch.
19
posted on
12/01/2007 8:42:47 PM PST
by
UCANSEE2
(- Attention all planets of the solar Federation--Secret plan codeword: Banana)
To: Robert A. Cook, PE
I agree that there are a lot of above ground factor that serve to limit production.
What’s your take on the prospects of continuing to produce oil at the rate of 86 million barrels per day [or to actually to boost production significantly?]
The discovery curve [peaked in the late 1960s], the age of the existing giant oil fields [the things I have read about Ghawar, Burgan, Danquing don’t bode well] and the rather ugly decline curves in the North Sea and Cantarell have caused me to conclude that if the peak isn’t here, it will be soon.
I see a lot of promise in ultra heavy oil tar sands in Canada and Hugo Land, but that stuff won’t be anywhere near as much fun for the producers and the flow rates won’t be anything like what we have experienced for conventional crudes.
20
posted on
12/01/2007 8:57:31 PM PST
by
R W Reactionairy
("Everyone is entitled to their own opinion ... but not to their own facts" Daniel Patrick Moynihan)
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