whereagles wrote:hum.. if water flooding is that much of a problem, why is it that Abqaiq, with its 95% water cut, is still producing 100 000s barrels.. every single day?
What did it used to produce?
whereagles wrote:hum.. if water flooding is that much of a problem, why is it that Abqaiq, with its 95% water cut, is still producing 100 000s barrels.. every single day?
whereagles wrote:When he speaks of 'Ain Dar being 88% depleted, that's % from oil in place or estimated recoverable reserves?
MD wrote:I'd like to hear "the word on the street". Who's talking to the refinery workers? What's the trend?
pstarr wrote:Thus a near-term increase in asphalt and resulting price decline suggests increasing fraction of production comes from South Ghawar, North Ghawar is peaked, thus Ghawar as a whole has peaked.
In this revisions post I want to update my views on Ghawar reserves incorporating 4 main changes:
1. A model base assumption error in the way initial reserves in Uthmaniyah were calculated is corrected.
2. The data vintage for the Linux oil saturation map has been revised to 2002 (from 2004).
3. 2002 based figures are re-based to 2006 by adjusting for 4 years production at 5 million barrles per day.
4. The production prognosis for Hawiyah has been revised down.
These adjustments result in the initial whole field reserves figure rising to 173 billion barrels and show the field in a more severly depleted state in 2006 than previously shown.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Uninspired123 wrote:An oil drum poster made a very good comment earlier saying that we won't know this summer if KSA can increase production or not and then determine peak specifically because of the refined product bottleneck. KSA will likely hold back product while crude prices fall due to decreasing demand for the product from the U.S. Once refineries get back to normal operation then and then only can we tell if saudi can ramp up for worldwide production shortfalls. So we might have to wait a bit longer before we can truly infer that KSA has peaked. If any part of this post sounds stupid it's because im still learning .
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Newsseeker wrote:It depresses me to know that it will probably be 5-10 years before we know the godawful truth about KSA's oil. By then it may be too late.
This analysis is a summary of my attempt to understand two pictures, which implicitly pose two questions.
Newsseeker wrote:I am posting this for those people who can figure out what the hell Stuart is saying. If you know then please translate it. And post here. Thanks!This analysis is a summary of my attempt to understand two pictures, which implicitly pose two questions.
Stuart's Analysis
Leanan wrote:Expect record high gas prices this summer. Maybe even shortages.
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