Catalog of recent oil discoveries pt 2

[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.

[peripato]

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.

This is BULLSHIT and you know it. When it appears in official statistics then I'll believe it.

[kildred590]

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

But no oil alas.
Hydrocarbons are only formed from living creatures.

[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

But no oil alas.
Hydrocarbons are only formed from living creatures.

Really?

Take some microbes, feed them water in a nice warm environment, and they assemble CH4 for you. Its called biogenic gas, it certainly is a hydrocarbon chain, and is produced from 10,000 Antrim Shale wells in Michigan.

Not a living creature (or a dead one) in sight.

http://aapgbull.geoscienceworld.org/cgi ... 86/11/1939

[Lore]

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.

This is BULLSHIT and you know it. When it appears in official statistics then I'll believe it.

Recoverable, is what can possibly be extracted from a reserve by any means. It doesn’t suggest that it will be recovered if the cost to get to it is simply too expensive.

[sparky]

.
methane and chain hydrocarbon can forms without biotic agency ,
trans Jupiter celestial objects are supposed to have quite a lot of methane around ,
of course out there it's oxygen which is rather rare , so no fuel
forget about moving the stuff until anti-gravity spaceships are around ,
the whole enterprise would be a ruinous energy sink

[OilFinder2]

This is BULLSHIT and you know it. When it appears in official statistics then I'll believe it.

"Official" statistics? LOL!! I said on page 1, paragraph 4 that I do not count government stats, since they aren't the ones doing the drilling (except in the case of NOC's, but at least they're still oil companies):

I will only count it when an oil company drills some test wells and makes some seismic readings to determine a certain amount of oil in a given area.

Maybe it's time to use this photo for this thread too:



Here's an official stat, from the Brazilian ANP, drilled by Petrobras:
Brazil: ANP's Santos Basin Franco presalt well holds recoverable reserves of 4.5 billion barrels

12 May 2010

Brazil's National Petroleum Agency - ANP - said the Franco Prospect holds recoverable reserves of 4.5 billion barrels of crude, making it one of the most promising wells drilled in the presalt region. In April, the ANP announced that Franco - the first well drilled as part of the government's capitalization plan for state-run energy company Petrobras tested positive for hydrocarbons. The find was made northeast of Petrobras' Iara discovery.

The Franco discovery is located northeast of Petrobras' Iara discovery
ANP President Haroldo Lima said that the well 'appears to be one of the wells with the greatest potential ever drilled in the country.' The ANP said that the well found a column of oil 272 meters thick. The regulator used the same calculations used to establish the recoverable reserves at Petrobras's Tupi field, also in the BM-S-11 block.

[...]

It doesn't get any more official than that.

[OilFinder2]

Ladies and gentlemen, boys and girls, may I have your attention please. I am going to make an alteration to last year's totals. With a corresponding alteration to this year's as well.

I repeat: An edit is about to occur!

A couple weeks ago I read an article which stated that drilling on the Libra prospect offshore Brazil had recently been completed, and the numbers came in at the low end of the initial (3.7-15 billion barrel) estimate. When I read the original article in late October, it gave me the impression that enough drilling had been done to devise a resource size estimate, so I entered it into the catalog. It now appears that was merely a pre-drill estimate, and the actual, post-drill estimate - which is 4.5 - 5 billion barrels - is what was announced a couple weeks ago.

So, I am going to subtract the 3.7 - 15 billion barrels from last year's totals, and add 4.5 - 5 billion to this year's total.

Thank you, and have a nice day.

Here is the revised year-end summary for last year:

2010 Year-End Review

------------------------------------
------------------------------------
Discoveries With Oil-In-Place Amounts
------------------------------------
------------------------------------

Back in August I cataloged 1.5 - 3 billion bbl of OIP for this. The amount has been revised upwards with more drilling, so I'll subtract 1.5 - 3 billion barrels from the amount listed in the links.
They list everything from P90 (1.9 Bbbl) to P1 (13 Bbbl), plus a potential 1-5 Bbbl in zones yet to be drilled. That's a huge range so I'll just go with their mean estimate of 4.2 Bbbl.

As a footnote, according to the Executive Summary on the PDF, this does not include boe gas amounts, which are listed separately.

Size of discovery: 1.2 - 2.7 billion barrels OIP
Date: January 14, 2010
Company(s): Gulf Keystone
Name: Addition to Shaikan
Location: Iraqi Kurdistan
API: No information
Flow rate of test well(s): 10,000 bpd
Estimated production startup date: No information
LINK
LINK (PDF)

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

Size of discovery: 56 billion barrels OIP
Date: June 17, 2010
Company(s): Cenovus
Name: Cenovus oil sands properties
Location: Alberta, Canada
API: Really heavy stuff. Would not float on water.
Flow rate of test well(s): No information
Estimated production startup date: Two projects planned for completion 2019
LINK

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

Size of discovery: 60-100 million barrels OIP
Date: Aug. 27, 2010
Company(s): Wintershall
Name: Blackeney
Location: UK North Sea
API: No information
Flow rate of test well(s): No information
Estimated production startup date: Sounds like they're aiming for 2015 or thereabouts
LINK
LINK

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

Size of discovery: 34 billion barrels OIP
Date: November 21, 2010
Company(s): Pars Oil and Gas Company
Name: Ferdowsi (new oil layer in existing gas field)
Location: Iranian Persian Gulf
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

------------------------------------
------------------------------------
Discoveries With Recoverable Amounts
------------------------------------
------------------------------------

I assume the C1 + C1 reserves category listed in the first link are some sort of Russian equivalent of P1 + P2 reserves. Maybe a translation issue? (since this is an English-language version of a Russian website)

Anyway, off to a pretty good start this year.

Size of discovery: 1.17 billion barrels recoverable (P1 & P2)
Date: January 27, 2010
Company(s): Rosneft
Name: Sevastyanovo
Location: Irkutsk Region of Russia
API: no information
Flow rate of test well(s): no information
Estimated production startup date: no information
LINK
LINK
LINK

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

Size of discovery: 100 - 200 million barrels recoverable
Date: February 1, 2010
Company(s): OGX
Name: Well 1-OGX-4-RJS, Block BM-C-42
Location: Campos Basin, offshore Brazil
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 500 - 900 million barrels recoverable
Date: February 3, 2010
Company(s): OGX
Name: Well 1-OGX-3-RJS, Block BM-C-41
Location: Campos Basin, offshore Brazil
API: 19-20
Flow rate of test well(s): 3,000 bod from vertical well, horizontal well can produce 5x more
Estimated production startup date: No information
LINK

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

Size of discovery: 70 million barrels recoverable
Date: February 8, 2010
Company(s): Iranian national oil company, presumably
Name: Somar
Location: Iran
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 25 million barrels recoverable
Date: February 11, 2010
Company(s): Petrobras
Name: Well 4-PM-53
Location: Campos Basin, offshore Brazil
API: 20
Flow rate of test well(s): 3,000 bpd
Estimated production startup date: Discovery well to go into production later this year, tie-ins with nearby infrastructure later
LINK

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

The article says this is a 1 billion barrel OIP field but estimates about a 30% recovery rate

Size of discovery: 300 million barrels recoverable
Date: February 15, 2010
Company(s): Petroleum Development Oman
Name: Al Ghubar South
Location: Oman
API: "heavy"
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 65 million barrels recoverable in 2 seperate zones
Date: February 25, 2010
Company(s): Petrobras
Name: Addition/extension to Barracuda
Location: Campos Basin, offshore Brazil
API: 28
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 30-90 million barrels recoverable
Date: February 25, 2010
Company(s): OGX
Name: Maastrichtian section of Well OGX-5
Location: Campos Basin, offshore Brazil
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 15 million barrels recoverable
Date: March 16, 2010
Company(s): Petrobras
Name: Piranema
Location: Northeastern Brazilian coast
API: 44
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 300 million barrels recoverable
Date: April 6, 2010
Company(s): Anadarko
Name: Wahoo
Location: Campos Basin, offshore Brazil
API: 31
Flow rate of test well(s): 7500 bpd
Estimated production startup date: No information
LINK

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

Size of discovery: 37 - 63 million barrels recoverable
Date: April 7, 2010
Company(s): Statoil
Name: Fossekall
Location: Norwegian Sea
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 690 million barrels recoverable (oil only, not including gas, pg. 23 of 1st link)
Date: April 10, 2010
Company(s): EOG
Name: EOG leaseholds of Eagle Ford shale
Location: South-central Texas
API: 41.5 (pg. 15 of 1st link)
Flow rate of test well(s): ~342 to 1,658 bopd for 16 delineation wells
Estimated production startup date: Ramp up production to approx. 150K bopd by 2016 (pg. 27 of 1st link)
LINK (PDF on EOG website)
LINK (overview article)

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

The calculation for this one is a bit complicated.

-- On pg. 12 of the PDF it says typical "Bakken Lite" wells are 86% oil. Page 14 says this area contains 210 Mmboe, so oil-alone would be 181 million barrels.
-- On pg. 13 of the PDF it says typical Three Forks wells are 81% oil. Page 14 says this zone contains 120 Mmboe, so oil-alone would be 97 million barrels.
-- Unfortunatly it does not give this breakdown for the "Bakken core" area. However, pg. 14 says this area contains only 20 Mmboe, so assuming the percentages here are similar to "Bakken Lite" and Three Forks, it wouldn't make a big difference anyway.

181 + 97 + 20 = 298

Size of discovery: 298 million barrels recoverable
Date: April 10, 2010
Company(s): EOG
Name: EOG net leaseholds in Bakken/Three Forks
Location: North Dakota and Montana
API: Low 40's.
Flow rate of test well(s): Anywhere from about 100 bpd to 1,000 bpd and sometimes higher
Estimated production startup date: Area already producing, 1,212 net remaining drilling locations
LINK (PDF on EOG website)
LINK (overview article)

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

Size of discovery: 4.5 billion barrels recoverable
Date: May 12, 2010
Company(s): Petrobras
Name: Franco
Location: Santos Basin, offshore Brazil
API: 30
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK

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

Size of discovery: 1.4 - 2.6 billion barrels recoverable
Date: May 14, 2010
Company(s): OGX
Name: Pipeline and Etna (well OGX-6)
Location: Campos Basin, offshore Brazil
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 600 million - 1.1 billion barrels recoverable
Date: May 14, 2010
Company(s): OGX
Name: Waimea and Fuji (wells OGX-2 and OGX-8)
Location: Campos basin, offshore Brazil
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 105 million barrels boe recoverable
Date: May 26, 2010
Company(s): Petrobras
Name: Carimbé
Location: Campos Basin, offshore Brazil
API: 29
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 380 million barrels boe recoverable
Date: June 4, 2010
Company(s): Petrobras
Name: Brava (sub-salt layers of Marlim field)
Location: Campos basin, offshore Brazil
API: 29
Flow rate of test well(s): No information
Estimated production startup date: No information, Marlim already producing
LINK
LINK

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

Size of discovery: 242 million barrels recoverable
Date: June 4, 2010
Company(s): Rockhopper Exploration
Name: Sea Lion
Location: Falkland Islands
API: 26-29
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 160 million barrels boe recoverable
Date: July 13, 2010 (originally announced in April)
Company(s): Eni
Name: Cinguvu, Sangos, N’Zanza, and N’Goma
Location: Offshore Angola
API: No information
Flow rate of test well(s): No information, peak development rate projected at 90K boe/day
Estimated production startup date: 2012
LINK

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

Size of discovery: "At least" 500 million barrels recoverable
Date: July 13, 2010
Company(s): Eni and Petrobras
Name: Cabaca
Location: Offshore Angola
API: No information ("high quality oil")
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 60-120 million barrels recoverable
Date: July 22, 2010
Company(s): Wintershall and others
Name: Maria
Location: Norwegian Sea
API: "light oil"
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 60-100 million barrels recoverable
Date: Aug. 10, 2010 (and July 5)
Company(s):Premier Oil and EnCore Oil Ltd.
Name: Catcher East
Location: UK North Sea
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

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

Size of discovery: 1.3 billion barrels recoverable (P3)
Date: August 30, 2010
Company(s): Pemex
Name: Tsimin and Xux
Location: Offshore Mexico (shallow waters)
API: "light" oil
Flow rate of test well(s): No information
Estimated production startup date: Being fast-tracked for development
LINK

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

Size of discovery: 70 - 550 million barrels recoverable (P90-P10)
Date: Sept. 14, 2010
Company(s): Tullow
Name: Owo
Location: Offshore Ghana
API: 33-36
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK (PDF)
LINK

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

Size of discovery: 22 billion barrels recoverable (P1)
Date: Oct. 4, 2010
Company(s): Shell, Exxon, Lukoil and Statoil
Name: Additions to West Qurna
Location: southern Iraq
API: Light oil, I think
Flow rate of test well(s): No information, long-term plans to boost output to 2.3 million bpd
Estimated production startup date: Drilling contracts for new wells currently being awarded
LINK (43 billion barrel new figure)
LINK (21 billion barrel old figure)
LINK (recent production plans)

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

Size of discovery: 4.2 billion barrels recoverable
Date: November 4, 2010
Company(s): Chesapeake Energy
Name: Chesapeake Energy land holdings in the Niobrara Shale
Location: CO and WY, USA
API: light oil
Flow rate of test well(s): 33 wells drilled by all companies to date range from a few hundred to over 1,000 bpd at peak rates
Estimated production startup date: Has already started, play is in its early stages
LINK

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

Size of discovery: 1.8 billion barrels recoverable boe
Date: December 29, 2010
Company(s): Petrobras
Name: "Cernambi field at Iracema"
Location: Santos Basin, offshore Brazil
API: 30
Flow rate of test well(s): No information
Estimated production startup date: Test wells already in place
LINK

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

2010 Totals:

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

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

2009
Total discoveries listed as recoverable: 12.009 billion barrels minimum - 18.731 billion barrels maximum
Total discoveries listed as Oil-In-Place: 13.514 billion barrels minimum - 15.069 billion barrels maximum
-----------------------------------
2008: 24.009 billion - 27.758 billion barrels
2007: 32.32 billion - 36.85 billion barrels
2006: 10.65 - 25.9 billion barrels

[OilFinder2]

Now here is the new entry for Libra this year:

Size of discovery: 4.5 - 5 billion barrels recoverable
Date: May 26, 2011
Company(s): Petrobras and Brazilian ANP
Name: Libra
Location: Santos Basin, offshore Brazil
API: No information, typical oil here is about 30 degrees API
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK

Recoverable running total year to date: 8.518 billion barrels minimum to 9.118 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)
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)

[Serial_Worrier]

OF2 I don't know if you found this already:

http://thehill.com/blogs/e2-wire/677-e2 ... ry-in-gulf

Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permitting.

[OilFinder2]

^
That one is in the same Lower Tertiary Trend (Jack) I cataloged in 2006 (see pg. 1) so I'm not going to include it.

Location of today's Exxon discovery:

link

Location of Lower Tertiary Trend, which I cataloged as "Jack 2" on pg. 1:

link

[OilFinder2]

Looks like there was an addition to this field from last year in addition to the one announced last week, so I'll put them both together. I had already cataloged 100 million barrels from this field in 2006.

Size of discovery: 536 million barrels recoverable
Date: July 7, 2011
Company(s): DNO
Name: Additions to Tawke
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: 9.054 billion barrels minimum to 9.654 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million 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)

[ian807]

Looks like there was an addition to this field from last year in addition to the one announced last week, so I'll put them both together. I had already cataloged 100 million barrels from this field in 2006.

Size of discovery: 536 million barrels recoverable
Date: July 7, 2011
Company(s): DNO
Name: Additions to Tawke
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: 9.054 billion barrels minimum to 9.654 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million 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)

Of course we don't know the price and energy return on this stuff in aggregate, but If all of this is recoverable, it could extend the world's oil supply by a year at least. Not bad.

[pstarr]

Recoverable running total year to date: 9.054 billion barrels minimum to 9.654 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

Where is the freaking confidence interval?

[John_A]

Recoverable running total year to date: 9.054 billion barrels minimum to 9.654 billion barrels maximum
OIP running total year to date: 400 million barrels minimum to 400 million barrels maximum

Where is the freaking confidence interval?

OilFinder2 appears pretty confident.

[astalavista_b]

What is intresting for DNO estimates is:

Northen Europe:
Proven reserves at 2006 : 63
Proven reserves at 2010 : 3.3 ??

Kurd region of Iraq:
Proven reserves at 2006 : 58.8
Proven reserves at 2010 : 193

Huge changes!!

Ref:http://www.dno.no/Operations/Reserves-and-resources/