Catalog of recent oil discoveries pt 2

[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".

[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?

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.

In short OF, you organize company press releases into a nice neat format. It's like a little kid in the basement organizing his Batman Action Figures into little boxes with printed labels. Nice for the kid, nice for the parents (keeps the kids in the basement and out of trouble.) Now if you'd only stay there and leave off the economics, the grownup stuff.

[sparky]

.
Oil finder is publishing reports in general circulation ,
some of them are legal documents and would get people in trouble if it was misleading
some other are less substantial but I would take a goodly part of them as a baseline

It doesn't matter one bit ,
those discoveries happen because the real price of crude keep rising
the price signal is like whipping a horse to make it run faster
soon the poor nag is whipped just to keep going , then it barely walk and founder
same with the oil fields ,
the price signal also screw up the economic growthdon't worry about crude production ,
worry about crude export , it give a much better picture
welcome to pre post peak

[OilFinder2]

Size of discovery: 140-270 million barrels boe recoverable
Date: August 27, 2012
Company(s): Statoil and partners
Name: Geitungen
Location: Norwegian North Sea
API: No information
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 19.786 billion barrels minimum to 24.172 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion 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
Geitungen - 140-270 million barrels - 8/12

[pstarr]

Oilfinder, don't you feel a bit under appreciated? I mean really. Here we are 10 years later, tirelessly cataloging those rigorously managed press-release-propaganda pieces with no recognition. Published nowhere, detested by those here at PO.com, and quantifiably suspect. Put it in a time-capsule for when humanity is ready for the truth, I say!

[OilFinder2]

Size of discovery: 250-500 million barrels P3 reserves
Date: August 29, 2012
Company(s): Pemex
Name: Trion
Location: Offshore Mexico, Gulf of Mexico
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: 20.036 billion barrels minimum to 24.672 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion barrels maximum

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

Mexico Oil Discoveries: Name - Size - Month/Year
Tamil complex - 300-400 million barrels - 5/09
Tsimin and Xux - 1.5 billion barrels - 8/10
Ayatsil-Tekel-Pit-Kayab Complex - 1.623 billion barrels - 1/11
Trion - 250-500 million barrels - 8/12

[sparky]

.
Pstarr you should be ashamed of yourself ,oilfinder is simply doing his thing
he does it with a base of facts and I for one appreciate his contribution
even if I do not agree with his underlying cornucopian outlook
by the way I cannot find a post where he denies a production peak
it's just that he put it quite far in the future.
so far he has been proven right as against some who claimed it was a done thing

I've been proven wrong , maybe ) , so I listen to those with a better hit rate than me
not to imitate or follows but to learn

[OilFinder2]

This discovery appears to include a revision to the previous discovery listed above (from a max. of 500 down to 400 million barrels) so I'll bump down the year-to-date maximum by 100 million barrels.

Here's the re-stated entry above:

Size of discovery: 250-500 400 million barrels P3 reserves
Date: August 29, 2012
Company(s): Pemex
Name: Trion
Location: Offshore Mexico, Gulf of Mexico
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: 20.036 billion barrels minimum to 24.572 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion barrels maximum

And here's the new entry.

Size of discovery: 75-125 million barrels 3P (recoverable) reserves
Date: October 5, 2012
Company(s): Pemex
Name: Supremus
Location: Offshore Mexico, Gulf of Mexico
API: "light" oil
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK

Recoverable running total year to date: 20.111 billion barrels minimum to 24.697 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion barrels maximum

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

Mexico Oil Discoveries: Name - Size - Month/Year
Tamil complex - 300-400 million barrels - 5/09
Tsimin and Xux - 1.5 billion barrels - 8/10
Ayatsil-Tekel-Pit-Kayab Complex - 1.623 billion barrels - 1/11
Trion - 250-400 million barrels - 8/12
Supremus - 75-125 million barrels - 10/12

[vtsnowedin]

[quote="OilFinder2"]Recoverable running total year to date: 20.111 billion barrels minimum to 24.697 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion barrels maximum

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

Getting a bit late in the year Oily. They are not finding it fast enough to make up for this years consumption.

[OilFinder2]

Size of discovery: 500 million barrels boe recoverable
Date: November 26, 2012
Company(s): Pemex
Name: Navegante
Location: Tabasco state, Mexico
API: 45 degrees API
Flow rate of test well(s): No information
Estimated production startup date: No information
LINK
LINK
LINK

Recoverable running total year to date: 20.611 billion barrels minimum to 25.197 billion barrels maximum
OIP running total year to date: 9.3 billion barrels minimum to 9.7 billion barrels maximum

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

Mexico Oil Discoveries: Name - Size - Month/Year
Tamil complex - 300-400 million barrels - 5/09
Tsimin and Xux - 1.5 billion barrels - 8/10
Ayatsil-Tekel-Pit-Kayab Complex - 1.623 billion barrels - 1/11
Trion - 250-400 million barrels - 8/12
Supremus - 75-120 million barrels - 10/12
Navegante - 500 million barrels - 11/12

[Keith_McClary]

astronomers find vast petroleum reservoirs in the Horsehead Nebula

"The nebula contains 200 times more hydrocarbons than the total amount of water on Earth!"
...
"We observe the operation of a natural refinery of petroleum of gigantic size"