Catalog of recent oil discoveries pt 2

[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.

[pstarr]

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.

Of course the National Iranian OIl Company speaks for the Supreme Leader and President for Life, not the oil industry or citizenry. Your numbers are most certainly fudged and quite meaningless.

The ayatollahs most especially fear an "Iran Spring." Iran peaked decades ago and a few little new dribbles will not make up for relentless declining production and save an impoverished country. Whose side are you on anyway?

[OilFinder2]

Size of discovery: 55 million barrels recoverable
Date: May 21, 2012
Company(s): Bapex
Name: Kailashtila and Sylhet
Location: Northeast Bangladesh
API: "sweet"
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 13.715 billion barrels minimum to 16.821 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Bangladesh Oil Discoveries: Name - Size - Month/Year
Kailashtila and Sylhet - 55 million barrels - 5/12

[OilFinder2]

Size of discovery: 700 million barrels recoverable
Date: May 24, 2012
Company(s): Statoil, Repsol and Sinopec
Name: Seat, Gavea and Pao de Acucar
Location: Campos Basin, offshore Brazil
API: light oil
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK

Recoverable running total year to date: 14.415 billion barrels minimum to 17.571 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)
Seat, Gavea and Pao de Acucar - 700 million barrels - 5/12 (LINK, LINK)

[OilFinder2]

Back in April I cataloged 147 million barrels in this discovery. They've since discovered more in the field so I'll subtract the mean estimate (oil only) in the link from the April figure.

Size of discovery: 131 million barrels recoverable
Date: April 6, 2012
Company(s): WesternZagros
Name: Addition to Kurdamir
Location: Kurdistan, Iraq
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 14.546 billion barrels minimum to 17.702 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
Addition to Kurdamir - 131 million barrels - 6/12

[ralfy]

One should expect more reports of oil discoveries, but likely mostly non-conventional sources. Also, what is technically recoverable will be mentioned but not the energy cost. Finally, the increasing energy demand globally that won't be met by these discoveries will also not be raised.

[OilFinder2]

Size of discovery: 100-200 million barrels boe recoverable
Date: June 20, 2012
Company(s): Statoil
Name: Mizzen
Location: Offshore Newfoundland, Canada
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 14.646 billion barrels minimum to 17.902 billion barrels maximum
OIP running total year to date: 0 barrels minimum to 0 barrels maximum

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

Canada Oil Discoveries: Name - Size - Month/Year
Additions to White Rose - 40-90 million barrels - 7/06
Paktoa C-60 - 240 million barrels - 10/07
Cadotte - 517 million barrels - 06/09
Additional additions to White Rose - 30-85 million barrels - 11/09
Cenovus oil sands properties - 56 billion barrels - 6/10
Mizzen - 100-200 million barrels - 6/12

[pstarr]

What is the point of this faux methodology. It is not normalized, published, peer-reviewed, respected or even perused? Why do you bother? I have no idea. Do you,oily?

[OilFinder2]

What is the point of this faux methodology. It is not normalized, published, peer-reviewed, respected or even perused? Why do you bother? I have no idea. Do you,oily?

The above statement by pstarr adheres to no rigorous scientific methodology, it was not normalized, published, or peer-reviewed, not to mention respected or perused. Thus, it is irrelevant and is devoid of any real content. Vapid, empty air.

[meemoe_uk]

What is the point of this faux methodology. It is not normalized, published, peer-reviewed, respected or even perused? Why do you bother? I have no idea. Do you,oily?

The above statement by pstarr adheres to no rigorous scientific methodology, it was not normalized, published, or peer-reviewed, not to mention respected or perused. Thus, it is irrelevant and is devoid of any real content. Vapid, empty air.

The above statement by oilFinder2 adhere to no rigorous scientific methodology, it was not normalized, published, or peer-reviewed, not to mention respected or perused. Thus, it is irrelevant and is devoid of any real content. Vapid, empty air.

But it was great for da lulz.

[OilFinder2]

Size of discovery: 5-6 billion barrels recoverable
Date: July 3, 2012
Company(s): National Iranian Oil Company (I presume)
Name: Unknown name near Yadavaran oilfield in Khuzestan province
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: 19.646 billion barrels minimum to 23.902 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
Unknown name near Yadavaran oilfield in Khuzestan province - 5-6 billion barrels - 7/12

[meemoe_uk]

hi of2,
Not to give credit to pstarr's comment, but he did remind me of my own reasons for collecting data. To compile it and see the bigger picture.
A few years back I think you used this catalogue to produce a graph of recent oil discoveries to compare with the doomer bell curve of discoveries, and it clearly evidenced the current golden age of oil discoveries to have shot that old myth in the head.
Have you compiled this catalogue into such a graph recently? Looks to me it would be even stronger evidence agaist the old myth ' discoveries peaked in the 1930s '.

[meemoe_uk]

Ever get that prob where you sumbit a post, then go to edit it, only to find this website has gone offline for hours, and when its eventually back online you can't edit your post? I was going to correct myself '1960s' not '1930s'.

[OilFinder2]

In 2009 and 2010 I cataloged a total of 2.7 - 5.7 billion barrels OIP in this one. It's now up to 12.4 - 15 billion barrels OIP. So I'll add 9.3 - 9.7 billion barrels OIP to this year's catalog.

Size of discovery: 9.3 - 9.7 billion barrels OIP
Date: July 19, 2012
Company(s): Gulf Keystone
Name: Additions to Shaikan
Location: Kurdistan, Iraq
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 19.646 billion barrels minimum to 23.902 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion 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
Addition to Kurdamir - 131 million barrels - 6/12
Addition to Shaikan - 9.3-9.7 billion barrels OIP - 7/12

[OilFinder2]

A few years back I think you used this catalogue to produce a graph of recent oil discoveries to compare with the doomer bell curve of discoveries, and it clearly evidenced the current golden age of oil discoveries to have shot that old myth in the head.
Have you compiled this catalogue into such a graph recently? Looks to me it would be even stronger evidence agaist the old myth ' discoveries peaked in the 1930s '.

When I made that graph everyone here went into a hussy fit (see pg 1 of the first part of this thread, if you want to dig through a few pages of threads in this section). Can't be bothered, but here are the numbers. Prior to 2009 I put everything into one category, so pre-2009 and 2009 and after are two different animals and aren't really comparable.

Total 2006: 10.65 - 25.9 billion barrels
Total 2007: 32.32 billion - 36.85 billion barrels
Total 2008: 24.009 billion - 27.758 billion barrels
2009:
Recoverable total: 12.009 billion barrels minimum - 18.731 billion barrels maximum
OIP total: 13.514 billion barrels minimum - 15.069 billion barrels maximum
2010:
Recoverable total: 41.577 billion barrels minimum to 44.873 billion barrels maximum
OIP total: 91.26 billion barrels minimum to 92.8 billion barrels maximum
2011:
Recoverable Total: 11.581 billion barrels minimum to 14.281 billion barrels maximum
Oil-in-Place Total: 300 million barrels minimum to 300 million barrels maximum

If you want to make a graph of this, feel free to do so.

[Keith_McClary]

pre-2009 and 2009 and after are two different animals and aren't really comparable.

$10 oil vs $100 oil.

Are you counting the annual 10 billion barrels of new OPEC discoveries?
And do you subtract the stuff that "leaked".