Catalog of recent oil discoveries pt 2

[rockdoc123]

I recommend extreme caution in using anything other than the low-ball resource estimate that came out from YPF.
This is a political situation where YPF is pressuring the government to raise prices and the gov't in turn is trying to force YPF to do more work on the acreage they currently hold and have been sitting on for nearly a decade with no increased investment. This has been playing out in the Argentine papers recently and last week the head of Repsol and Eskanasee (sp but the fellow who owns the other half of YPF) had meetings with the Kirshner gov't.
Much of the numbers coming from YPF are completely unbelievable. Those who know the geology and the area are having a pretty good chuckle right now inasmuch for them to have that much oil it would require the entire thickness of the Vaca Muerta to be in the oil window, have the same hydrocarbon saturation and the same permeability throughout the entirety of the Loma la Lata field. This is unreasonable. A more appropriate press release I read on Tuesday indicates that the majority of the number is taken up in contingent resource category which means it isn't yet proven to be economic.
Bottom line is there is some politically motivated "inventive resource calcualtion" going on here which masks what really is there. It is a significant discovery but their methods of extrapolation would almost certainly not pass muster with an independant third party audit.

[OilFinder2]

^
Thanks for the tip Rockdoc.

FWIW, the press release said that the gross, prospective resources was over 5.7 billion barrels of oil-only, while I'm only cataloging 883 million barrels, including last year's entries. So it *is* a bit of a low-ball number.

EOG also has leaseholds in this area and is upbeat on its prospects, so that seems to provide a bit of confirmation, it seems.

That said, if there are any other additions to this by YPF I'll ignore them.

[pstarr]

It looks like you have given up on anyone finding substantial amounts of new oil, and have turned to touting natural gas.

Huh???? Now what are you pulling out of your rear end?

a brown oily material that is as full of itself as the rear end is full of it. touche! But more to the point; this "catalog" of "discoveries" is little more than list of free, industry, press-releases that "oilfinder" uncovers nightly down in his basement "seismic laboratory". Those muffled popping sounds you hear? That's his thumper truck

[vision-master]

Where's RG'Drools when we need him. lol

[meemoe_uk]

Didn't he get banned years ago for applying the idea that oil experts on oil forums shouldn't put up with nonsense from doomers?

[OilFinder2]

In April 2010 I cataloged 690 million barrels of this. They've since added to it. Page 20 of the link (PDF) says they're now at 1.136 billion barrels (oil only). So 1136 - 690 = 446 million barrels for this entry.

Size of discovery: 446 million barrels recoverable
Date: February 16, 2012
Company(s): EOG
Name: Additions to EOG leaseholds of Eagle Ford shale
Location: South Texas
API: Light oil
Flow rate of test well(s): ~ 600-2800 bpd (pg 23)
Estimated production startup date: Already producing
LINK (PDF)

Recoverable running total year to date: 834 million barrels minimum to 934 million barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

United States Oil Discoveries: Name - Size - Month/Year
Jack 2 (Lower Tertiary/Wilcox Trend) - 3-15 billion barrels - 9/06
Tranquillon Ridge - 170-200 million barrels - 11/06
West Tonga and Ceasar - 100 million barrels - 12/07
Barnett Shale "Combo Play" - 225-460 million barrels - 3/08
Additions to Spraberry Trend - 1.1 billion barrels - 4/08
Pony - 200 million barrels - 05/08
Jumonville #1 Bullseye - 16 million barrels - 8/08
BEXP Ross Field Bakken properies - 42-71 million barrels - 10/08
EOG Eagle Ford shale properties - 690 million barrels - 4/10
EOG Bakken/Three Forks properties - 298 million barrels - 4/10
Chesapeake Energy Niobrara shale properties - 4.2 billion barrels - 11/10
Anadarko Niobrara shale-Wattenburg field properties - 350 million-1.05 billion barrels - 11/11
Venoco properties in Monterey shale - 105 million barrels - 11/11
Additions to EOG Eagle Ford shale properties - 446 million barrels - 2/12

[OilFinder2]

Size of discovery: 113 million barrels boe recoverable
Date: February 24, 2012
Company(s): Petrobras
Name: Bauna
Location: Santos Basin, offshore Brazil
API: light oil
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

------

Size of discovery: 83 million barrels boe recoverable
Date: February 24, 2012
Company(s): Petrobras
Name: Piracaba
Location: Santos Basin, offshore Brazil
API: light oil
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 1.03 billion barrels minimum to 1.13 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 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)
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)
Libra - 4.5-5 billion barrels - 5/11 (LINK)
Bauna - 113 million barrels - 2/12 (LINK)
Piracaba - 83 million barrels - 2/12 (LINK)

-------------------------------------------
Running total: 32.587 billion - 43.047 billion barrels

[pstarr]

And it all goes for domestic use. Brazil is a net importer of petroleum and there is little to suggests that will change.

(Reuters) - When Brazil discovered huge offshore crude reserves four years ago, state oil company Petrobras sketched out plans to become a regional fuel exporter. That plan has since been turned upside down.

Rapid domestic economic growth and rising fossil fuels use has turned it into a recurrent fuels importer, with occasional gasoline purchases in 2010 evolving into regular imports that may not cease until the end of the decade.

Aug 24, 2011

[OilFinder2]

These next ones will also overwhelmingly go to domestic use also. So I guess they don't count.

BTW your link sounded like it was about refined products, not crude oil.

.........

This one says 600+ million BOE on pg. 25 of the link, and it says the liquids composition is 65%. Doesn't say how much of that is oil, condensate and NGL's, but at least it eliminates the dry gas portion of the BOE

Size of discovery: 390 million barrels barrels recoverable liquids
Date: March 13, 2012
Company(s): Anadarko Petroleum Corp.
Name: Anadarko Eagle Ford Shale acreage
Location: South Texas
API: light oil
Flow rate of test well(s): few hundred bpd to over 1,000 bpd
Estimated production startup date: Ongoing production startup
LINK (PDF, pg 25)

Recoverable running total year to date: 1.42 billion barrels minimum to 1.52 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

On page 35 of the link we've got Anadarko's Permian Basin holdings categorized into 2 zones:
Avalon: 400 million BOE is 15% oil = 60 million barrels oil only
Bone Spring: 400 million BOE is 70% oil = 280 million barrels oil only
-----------
Total is 340 million barrels

Size of discovery: 340 million barrels recoverable oil
Date: March 13, 2012
Company(s): Anadarko Petroleum Corporation
Name: Anadarko Permian Basin acreage (Avalon and Bone Spring)
Location: West Texas
API: light oil
Flow rate of test well(s): few hundred bpd to over 1,000 bpd
Estimated production startup date: Ongoing production startup
LINK (PDF, pg 35)

Recoverable running total year to date: 1.76 billion barrels barrels minimum to 1.86 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

On pages 43 & 49 of the link we've got Anadarko's Wattenburg/Niobrara Shale acreages. Page 43 says the total net resources is 500 million - 1.5 billion barrels. Page 49 says the typical well in the play will produce 60% oil.
So this gives us a range of 300-900 million barrels of oil-only.

Size of discovery: 300 - 900 million barrels recoverable oil
Date: March 13, 2012
Company(s): Anadarko Petroleum Corporation
Name: Anadarko Wattenburg/Niobrara Shale acreage
Location: Colorado
API: light oil
Flow rate of test well(s): 400-1500 bpd (pg 44)
Estimated production startup date: Ongoing production startup
LINK (PDF, ppg 43 & 49)

Recoverable running total year to date: 2.06 billion barrels minimum to 2.76 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

United States Oil Discoveries: Name - Size - Month/Year
Jack 2 (Lower Tertiary/Wilcox Trend) - 3-15 billion barrels - 9/06
Tranquillon Ridge - 170-200 million barrels - 11/06
West Tonga and Ceasar - 100 million barrels - 12/07
Barnett Shale "Combo Play" - 225-460 million barrels - 3/08
Additions to Spraberry Trend - 1.1 billion barrels - 4/08
Pony - 200 million barrels - 05/08
Jumonville #1 Bullseye - 16 million barrels - 8/08
BEXP Ross Field Bakken properies - 42-71 million barrels - 10/08
EOG Eagle Ford shale properties - 690 million barrels - 4/10
EOG Bakken/Three Forks properties - 298 million barrels - 4/10
Chesapeake Energy Niobrara shale properties - 4.2 billion barrels - 11/10
Anadarko Niobrara shale-Wattenburg field properties - 350 million-1.05 billion barrels - 11/11
Venoco properties in Monterey shale - 105 million barrels - 11/11
Additions to EOG Eagle Ford shale properties - 446 million barrels - 2/12
Anadarko Eagle Ford shale acreage - 390 million barrels - 3/12
Anadarko Permian Basin (Avalon & Bone Spring) acreage - 340 million barrels - 3/12
Anadarko Wattenburg/Niobrara shale acreage - 300-900 million barrels - 3/12

[agate]

Recoverable running total year to date: 10.546 billion barrels minimum to 15.984 billion barrels maximum
OIP running total year to date: 13.484 billion barrels minimum to 14.984 billion barrels maximum

While I am not the sharpest knife in the drawer, I am not a complete idiot either.

How precisely does the maximum recoverable exceed the maximum discovered oil in place?

Why is the minimum recoverable volume about 78% of the minimum oil in place? Are you listing recoverable without oil in place?

I explained this earlier, but perhaps you missed it.

Starting this year, I am keeping recoverable figures totally separate from OIP figures. If a company reports a recoverable number, I put it in the recoverable category. If a company reports an OIP figure, I put it in the OIP category. If they report both, I only use the recoverable number.

Hello OilFinder2, I am new to this forum actually for getting knowledge and here I would like to say that I am at right place. Thanks for sharing your views.

[OilFinder2]

In June 2010 I cataloged 242 million barrels for this one. Now they're giving a middle estimate of 355.6 million barrels (rounded up to 356). Subtract 242 from that and this year we get an addition of 114 million barrels.

Size of discovery: 114 million barrels recoverable
Date: April 20, 2012
Company(s): Rockhopper Exploration
Name: Additions to Sea Lion (including Casper, Casper South, B15 and SL05)
Location: Falkland Islands
API: No information
Flow rate of test well(s): No information
Estimated production startup date: 2016
LINK

Recoverable running total year to date: 2.174 billion barrels minimum to 2.874 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Falkland Islands Oil Discoveries: Name - Size - Month/Year
Sea Lion - 242 million barrels - 6/10
Additions to Sea Lion - 114 million barrels - 4/12

[OilFinder2]

Size of discovery: 60-160 million barrels recoverable
Date: April 16, 2012
Company(s): Wintershall
Name: Skarfjell
Location: North Sea, Norway
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 2.234 billion barrels minimum to 3.034 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Norway Oil Discoveries: Name - Size - Month/Year
Nucula - 300-500 million barrels - 2/07
Goliath - 1.5 billion barrels - 6/07
Exploration Well 16/1 (Luno or PL338) - 60-180 million barrels - 10/07
Storskrymten - 107 million barrels - 11/07
SW of Grane field - 30 million barrels
Well 35/11-B23-H in the Fram area - 20-40 million barrels - 01/08
PL292 (Pi North and Pi South) - 19-32 million barrels - 5/08
PL104 & nearby Theta (2 seperate prospects) - 16 million & 5 million barrels - 5/08
Jordbaer - 150 million barrels - 8/08
Draupne - 28-68 million barrels - 8/08
Dagny - 100-125 million barrels - 8/08
Additions to Dagne - 30-50 million barrels - 10/08 (Note: Not sure if this is the same as Dagny, they're spelled differently in the articles - However I treated them as the same field so this is an addition to Dagny)
Additions to Luno - 5-10 million barrels - 1/09
Dompap - 25-30 million barrels - 1/09
Curran - 3-16 million barrels - 1/09
Vigdis North-East (part of PL089) - 25 million barrels - 3/09
Gygrid - 20-30 million barrels - 6/09
Grevling - 40-130 million barrels - 6/09
Grosbeak - 35-190 million barrels - 7/09
Bream - 38-63 million barrels - 8/09
Frigg Delta - 18-35 million barrels - 10/09
Fossekall - 37-63 million barrels - 4/10
Maria - 60-120 million barrels - 7/10
Skrugard - 150-250 million barrels - 4/11
Aldous & Avaldsnes - 300-800 million barrels - 8/11
Additions to Aldous & Avaldsnes - 900 million-1.8 billion barrels - 9/11
Havis - 200-300 million barrels - 1/12
Skarfjell - 60-160 million barrels - 4/12

[OilFinder2]

Size of discovery: 147 million barrels recoverable
Date: April 23, 2012
Company(s): WesternZagros Resources
Name: Kurdamir
Location: Kurdistan, Iraq
API: "light oil"
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 2.381 billion barrels minimum to 3.181 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Iraq Oil Discoveries: Name - Size - Month/Year
Tawke 1 - 100 million barrels - 6/06
Miran West - 1.15 - 2.94 billion barrels recoverable - 5/09 - reclassifed as a gas-condensate field 1/26/2011
Shaikan - 1.5-3 billion barrels OIP - 8/09
Addition to Shaikan - 1.2-2.7 billion barrels OIP - 1/10
Addition to West Qurna - 22 billion barrels recoverable - 10/10
Additions to Tawke - 536 million barrels - 7/11 (and unknown date in 2010)
Kurdamir - 147 million barrels - 4/12

[OilFinder2]

Here's more of the weird Iranian announcements. Not much detail, but the link says:

The official added that the actual amount of oil and condensate discovered last year exceeds 2.87 billion barrels ...

Given my policy for adding to the catalog in the year they're announced, they're going in this year rather than last year.

Last year I *did* catalog one named Iranian discovery named "Khayyam" which was 170 million barrels, so just in case their total announced today includes that, I'll subtract it from the amount announced today.

Since these are being called "reserves" I presume they're recoverable amounts.

Size of discovery: 2.7 billion barrels recoverable
Date: April 21,2012
Company(s): National Iranian Oil Company
Name: Various un-named discoveries
Location: Iran
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 5.081 billion barrels minimum to 5.881 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 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 OIP- 11/10
Khayyam - 170 million barrels - 5/11
Un-named discoveries - 2.7 billion barrels - 4/12

[OilFinder2]

This one is mostly a gas field but does contain some oil.

Size of discovery: 600 million barrels recoverable
Date: April 22, 2012
Company(s): Noble Energy
Name: Leviathan
Location: Offshore Israel
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 5.681 billion barrels minimum to 6.481 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Israel Oil Discoveries: Name - Size - Month/Year
Leviathan - 600 million barrels - 4/12

[OilFinder2]

Size of discovery: 285 million barrels recoverable
Date: April 25, 2012
Company(s): OGX
Name: Waikiki ("Turabao Martelo", blocks BM-C-39 and BM-C-40)
Location: Campos Basin, offshore Brazil
API: No information
Flow rate of test well(s): No information
Estimated production startup date: Q4 2013
LINK

Recoverable running total year to date: 5.966 billion barrels minimum to 6.766 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 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)
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)
Libra - 4.5-5 billion barrels - 5/11 (LINK)
Bauna - 113 million barrels - 2/12 (LINK)
Piracaba - 83 million barrels - 2/12 (LINK)
Waikiki ("Turabao Martelo", blocks BM-C-39 and BM-C-40) - 285 million barrels - 4/12 (LINK)

-------------------------------------------
Running total: 32.872 billion - 43.332 billion barrels

[OilFinder2]

As is usual with these Iranian discoveries, it's a bit vague as to whether the amount listed is a recoverable or an OIP figure, but the article uses the word "reserves," and that kinda-sorta sounds more like they're referring to something that will eventually be booked as a recoverable reserve, so I'm putting it in the recoverable category.

Size of discovery: 8 -10 billion barrels recoverable
Date: May 19, 2012
Company(s): National Iranian Oil Company
Name: Sardar-e Jangal
Location: Caspian Sea, Iran
API: 40-45
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 13.966 billion barrels minimum to 16.766 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 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 OIP - 11/10
Khayyam - 170 million barrels - 5/11
Un-named discoveries - 2.7 billion barrels - 4/12
Sardar-e Jangal - 8-10 billion barrels - 5/12

[pstarr]

As is usual with these Iranian discoveries, it's a bit vague as to whether the amount listed is a recoverable or an OIP figure, but the article uses the word "reserves," and that kinda-sorta sounds more like they're referring to something that will eventually be booked as a recoverable reserve, so I'm putting it in the recoverable category.

Size of discovery: 8 -10 billion barrels recoverable
Date: May 19, 2012
Company(s): National Iranian Oil Company
Name: Sardar-e Jangal
Location: Caspian Sea, Iran
API: 40-45
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 13.966 billion barrels minimum to 16.766 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 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 OIP - 11/10
Khayyam - 170 million barrels - 5/11
Un-named discoveries - 2.7 billion barrels - 4/12
Sardar-e Jangal - 8-10 billion barrels - 5/12

Dude, you understand where these numbers come from? I am telling you they are lies. Who are you going to believe? The peakers or Mahmoud Ahmadinejad?

[Lore]

"Do not bomb us back to the stone age. See, we have oil for you, if you only allow us to pursue our nuclear aggression."

[OilFinder2]

Dude, you understand where these numbers come from? I am telling you they are lies. Who are you going to believe? The peakers or Mahmoud Ahmadinejad?

First of all, this estimate is not coming from Ahmadinejad, but instead is being made by the National Iranian Oil Company. But to answer your question directly ... given the choice between believing Ahmadinejad or believing the peakers - especially peakers like you - I might actually be more inclined to believe Ahmadinejad.