Catalog of recent oil discoveries pt 2

[kiwichick]

of2

are you trying for funniest post of the year?

[OilFinder2]

of2

are you trying for funniest post of the year?

What was supposedly funny about that last post?

Oh wait, don't tell me: You don't want those Brazilian figures to be recoverable ones, so you ridicule them to deny to yourself that tens of billions of barrels of recoverable oil has been found off the coast of Brazil.

Yeah I know, it's the old denial strategy.

[OilFinder2]

This was first discovered in 2000, and in 2007 an estimate of about 30 million barrels was made by Woodside. With a recent appraisal well they're now saying it's at least 100 million barrels. So I'll subtract the 2007 number from the new figure.

Size of discovery: 70 million barrels recoverable
Date: May 5, 2011
Company(s): Woodside and Mitsui
Name: Laverda
Location: Offshore West Australian
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK

Recoverable running total year to date: 3.363 billion barrels minimum to 3.463 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

------------------------------------

Australia Oil Discoveries: Name - Size - Month/Year
Theo-1 - 60-70 million barrels - 8/06
Flax and Juniper - 120 million barrels - 10/07
Oliver - 84 million barrels - 7/09
Addition to Laverda - 70 million barrels - 5/11

[OilFinder2]

This is like an Argentine "Bakken" or Eagle Ford shale.

Size of discovery: 150 million barrels recovarable
Date: May 10, 2011
Company(s): YPF
Name: YPF acreage in Vaca Muerta formation
Location: Patagonia, Argentina
API: No information
Flow rate of test well(s): First 5 wells flowing 200-560 boepd
Estimated production startup date: Production just starting up
LINK
LINK
LINK

Recoverable running total year to date: 3.513 billion barrels minimum to 3.613 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

------------------------------------

Argentina Oil Discoveries: Name - Size - Month/Year
YPF acreage in Vaca Muerta formation - 150 million barrels - 5/11

[OilFinder2]

Size of discovery: 170 million barrels recoverable
Date: May 23, 2011
Company(s): Iranian national oil company
Name: Khayyam
Location: Iran
API: 35
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK

Recoverable running total year to date: 3.683 billion barrels minimum to 3.783 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

------------------------------------

Iran Oil Discoveries: Name - Size - Month/Year
Bangestan layer of the Ab-Teymour oil field - 2 billion barrels - 1/07
Addition to Azadegan oilfield - 2.2 billion barrels - 3/08
Addition to Jofeir oilfield - 750 million barrels - 6/08
Un-named field in Khuzestan - 220 million barrels - 7/08
Un-named field in Nar Assaluyeh - 525 million barrels - 7/08
Four different fields in various locations - 3.7 billion barrels - 8/08
Addition to Band-e-Karkheh - 2.8 billion barrels - 4/09
Additions to Sousangerd - 8.83 billion barrels - 8/09
Somar - 70 million barrels - 2/10
Ferdowsi (new oil layer in existing gas field) - 34 billion barrels - 11/10
Khayyam - 170 million barrels - 5/11

[OilFinder2]

Size of discovery: 335 million barrels recoverable
Date: May 13, 2011
Company(s): Petrobras
Name: Jupiter
Location: Santos Basin, offshore Brazil
API: 18
Flow rate of test well(s): Says wells can flow at 8,000 bopd
Estimated production startup date: Production plans at link, no dates given
LINK

Recoverable running total year to date: 4.018 billion barrels minimum to 4.118 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

------------------------------------

Brazil Oil Discoveries: Name - Size - Month/Year
Papa-Terra - 700 million - 1 billion barrels - 12/05 (LINK)
Xerelete - 1.4 billion barrels - 7/07 (LINK)
Tupi - 5-8 billion barrels - 11/07 (LINK)
Golfinho - 150 million barrels - 7/08 (LINK)
Iara - 3-4 billion barrels - 10/08 (LINK)
Additions to Jubarte - 1.9 billion barrels - 10/08 (LINK, LINK)
Tiro - 150 million barrels - 10/08 (LINK)
Sub-salt layers of Baleia Franca, Baleia Azul, and Jubarte - 1.5-2 billion barrels - 11/08 (LINK)
Aruana - 280 million barrels - 8/09 (LINK)
Guara - 1.1-2 billion barrels - 09/09 (LINK)
Vesuvio - 500 million - 1.5 billion barrels - 10/09 (LINK)
Caricoa - 681 million barrels - 11/09 (LINK)
Well OGX-2A - 400-500 million barrels - 11/09 (LINK)
Addition to Marimba - 25 million barrels - 11/09 (LINK)
* Addition to Well OGX-2A - 600 million-1.5 billion barrels - 12/09 (LINK)
Well OGX-4-RUS - 100-200 million barrels - 02/10 (LINK)
Well 1-OGX-3-RJS - 500-900 million barrels - 02/10 (LINK)
Well 4-PM-53 - 25 million barrels - 02/10 (LINK)
Additions to Barracuda - 65 million barrels - 2/10 (LINK)
Maastrichtian section of Well OGX-5 - 30-90 million barrels - 2/10 (LINK)
Piranema - 15 million barrels - 3/10 (LINK)
Wahoo - 300 million barrels - 4/10 (LINK)
Franco - 4.5 billion barrels - 5/10 (LINK)
Pipeline and Etna (well OGX-6) - 1.4-2.6 billion barrels - 5/10 (LINK)
Waimea and Fuji (wells OGX-2 and OGX-8) - 600 million-1.1 billion barrels - 5/10 (LINK)
Carimbe - 105 million barrels - 5/10 (LINK)
Brava - 380 million barrels - 6/10 (LINK)
Libra - 3.7-15 billion barrels - 10/10 (LINK)
Cernambi field at Iracema - 1.8 billion barrels -12/10 (LINK)
Albacora - 350 million barrels - 4/11 (LINK)
Jupiter - 335 million barrels - 5/11 (LINK)

-------------------------------------------
Running total: 30.991 billion - 51.351 billion barrels

* = under review

[peripato]

.
For the record , those are Oil-finder numbers as published on this thread

2006...... mean value of 18.27 billion barrels.

2007...... mean value of 34.48 billion barrels.

2008...... couldn't access the old post

2009 ..... mean value 14.2915 billion barrels

2010...... mean value 52.346 billion barrels
I have no opinion on their accuracy or relevance ,
only that they don't seems to have been refuted

So Oily is claiming that more RECOVERABLE oil was found last year than during the all-time peak of discovery - the 1960's?

Can he point us to some VERIFIED evidence of that?

[cipi604]

STOP FEEDING THE TROLL

[SpockLives]

Who is the troll? Certainly not Oily, his catalog is quite fascinating, and one of the few threads actually talking about a relevant oil topic, versus politics, MSM bashing, tornadoes, climate change, or fanciful scenarios which appear to have no more basis in reality than the recent Rapture scare. This is a peak oil website, is it not? Certainly someone actually talking about oil can hardly be confused with a troll.

[cipi604]

If he can fool you, that peak oil is irrelevant, with his catalog based on "news" , it doesn't make him less of a troll. Good luck reading OF2 stories and giving him-(a non peak-oil guy) more steam on the "PEAK OIL" forum.

[dolanbaker]

OF2 is listing discoveries of oil found in the ground, fact!
Whether this oil ever sees the light of day is entirely another matter, much of it won't for the simple fact that it could need more energy to recover it than the energy it could provide when brought to the surface.

[peripato]

OF2 is listing discoveries of oil found in the ground, fact!
Whether this oil ever sees the light of day is entirely another matter, much of it won't for the simple fact that it could need more energy to recover it than the energy it could provide when brought to the surface.

Oily should cast his net further afield then. As a card carrying cornie he needs to raise his sights beyond lowly Earth, towards the heavens, which is humanity's domain by right! As a start I hear that Titan is dotted with vast pools of hydrocarbons...

[SpockLives]

If he can fool you, that peak oil is irrelevant, with his catalog based on "news" , it doesn't make him less of a troll. Good luck reading OF2 stories and giving him-(a non peak-oil guy) more steam on the "PEAK OIL" forum.

It seems like a peak oil website should have all points of views, including those of "non peak oil" guys. Is groupthink required in the CoC somewhere? Is there a thread disputing his list which I have missed? It would seem as though if the list is invalid, there should be a competing one showing how full of bollocks it is, with different totals and such. Much more effective to refute it than just calling the author names in the hope that name calling alone will distract from it.

[Lore]

There can be more gold and silver in one asteroid then has ever been mined in the history of the planet, but how expensive would it be to get it?

[OilFinder2]

So Oily is claiming that more RECOVERABLE oil was found last year than during the all-time peak of discovery - the 1960's?

Can he point us to some VERIFIED evidence of that?

You can verify it for yourself by going to the year-end review for 2010 and clicking on all the links to all the discoveries I posted, to make sure the numbers are correct. Apologies if a few of the links have already expired.

[rangerone314]

I heard that the Mars rover has discovered a huge oil field on Mars, to the tune of about 500 trillion barrels.

We're saved!

[sparky]

.
Making ( poor ) fun of a serious matter ,
OilFinder affirm something and provide factual check-able information or reference
I for one believe he is a little bit optimistic but oil fields are found , new provinces are opened and old one scoured for every pockets of oil .
there is now a bit of a scramble for the south Atlantic deep offshore , from the equator to the Falkland
East Africa is prospected South of Sudan and in Kenya ,
There never was any doubt that at 100$ a barrel there would be a scramble , at 15$ a barrel there wasn't
nothing unexpected in this

but with a very soft world economy we are seeing historically high prices
and warning of a severe supply squeeze for 2012 , could this be the peak ?
Jean Laherrere thinks so and he is the man I respect the most in this debate
not only is he the most qualified professionally
but his production guesses have been consistently right
.

[SpockLives]

There can be more gold and silver in one asteroid then has ever been mined in the history of the planet, but how expensive would it be to get it?

I don't know. Pretty expensive. Certainly more expensive than $1500/oz for gold, right? But what you are implying is that for a given value, something considered outrageous right now might become completely reasonable in the future. This sounds terribly close to the concept of a resource pyramid for things like oil, natural gas and coal though, and I can't find a single thread on that topic in the recent past. I just assumed it was a verboten topic.

[peripato]

So Oily is claiming that more RECOVERABLE oil was found last year than during the all-time peak of discovery - the 1960's?

Can he point us to some VERIFIED evidence of that?

You can verify it for yourself by going to the year-end review for 2010 and clicking on all the links to all the discoveries I posted, to make sure the numbers are correct. Apologies if a few of the links have already expired.

We want RECOVERABLE OIL mate - not might be, could be, stuff...

[OilFinder2]

We want RECOVERABLE OIL mate - not might be, could be, stuff...

It IS recoverable oil, mate.

I messed up the formatting a bit, but notice I've got 2 sections - one at the top which says "Discoveries With Oil-In-Place Amounts", and 4 entries. Ignore this section if you choose.

Below that is a larger section which says "Discoveries With Recoverable Amounts", with 29 entries.

- The OIP listings contain 91.26 to 92.8 billion barrels.
- The recoverable listings contain 45.262 to 59.43 billion barrels.

It wasn't that hard to figure out if you read it.