This a guest post by Jean Laherrère, a long-time guest contributor to TheOilDrum. Defining deepwater oil as the offshore resource found in water depths over 500 m, the data available as of October of 2010 was pointing to an ultimate around 150 Gb. This is the result of an extrapolation made last year: Figure 1: world deepwater (>500 m) creaming curve 1971-Oct 2010 The previous ultimate estimate in 2008 was 100 Gb, missing the third cycle in subsalt plays. Figure 2: world deepwater (>500 m) creaming curve 1971-2007 The cumulative discovery versus time with the data up to October of 2010…
Peak Oil
-
Most Topular Stories
-
Updating World Deepwater Oil & Gas Discovery
The Oil Drum - Discussions about Energy and Our Future16 May 2012 | 9:25 am
-
The Oil Drum - Discussions about Energy and Our Future
-
Updating World Deepwater Oil & Gas Discovery
16 May 2012 | 9:25 amThis a guest post by Jean Laherrère, a long-time guest contributor to TheOilDrum. Defining deepwater oil as the offshore resource found in water depths over 500 m, the data available as of October of 2010 was pointing to an ultimate around 150 Gb. This is the result of an extrapolation made last year: Figure 1: world deepwater (>500 m) creaming curve 1971-Oct 2010 The previous ultimate estimate in 2008 was 100 Gb, missing the third cycle in subsalt plays. Figure 2: world deepwater (>500 m) creaming curve 1971-2007 The cumulative discovery versus time with the data up to October of 2010… -
TheOilDrum.com Archive 2005-2011
16 May 2012 | 9:23 amDuring the past seven years, TheOilDrum.com has hosted analysis and discussion surrounding the possibility and implications of a near term peak in global oil production and importance of energy to society in general. Out of the ~8,500 articles posted here (all searchable by keyword in upper left), the list below comprises what each author considered some of their most relevant content. The list is in alphabetical order, by last name of Oil Drum contributor. Click on the author's name to go to their list of selected articles. At the end of each section, a link is given to the complete list of… -
Drumbeat: May 16, 2012
16 May 2012 | 9:20 amU.S. energy independence is no longer just a pipe dream Every president since Richard Nixon has called for the U.S. to wean itself from needing oil from unstable or unsavory countries. The nation's new-found energy riches are likely to bring that ambition closer to reality in the next two decades, according to many forecasters. It's no pipe dream. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report. The U.S. Energy Information Agency says… -
New IMF Working Paper Models Impact of Oil Limits on the Economy
11 May 2012 | 4:19 amThe International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. This is a research paper that is being published to elicit comments and debate; it does not necessarily represent IMF views or policy. The paper considers two different approaches for modeling future oil supply: The economic/technological approach, used by the US Energy Information Administration (EIA) and others, and The geological view, used in peak oil… -
Norwegian Crude Oil Reserves and Production as of 12/31/2011
9 May 2012 | 9:47 amIn this post I present an updated view on Norwegian crude oil exploration, sanctioned developments, discoveries, production, reserves and what these now suggest for the future of Norwegian crude oil production. The content for this post was originally published in Norwegian here and here. Figure 01: The chart above shows a forecast for crude oil production from the 21 discoveries presently sanctioned for development on the Norwegian Continental Shelf (NCS) and which are scheduled to start flowing from 2012 to 2016. In Figure 5 these and a forecast for Johan Sverdrup are shown as parts of a…
