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Caspian oil and gas deposit estimated at 1 billion tonnes
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Caspian oil and gas deposit estimated at 1 billion tonnes
by tdrive » Sat 09 Jul 2005, 14:38:22
$this->bbcode_second_pass_quote('', 'T')he anticipated recoverable reserves of a Caspian Sea oil and gas deposit are estimated at 1 billion metric tons, a press release of the project's joint venture said Wednesday.
1 billion tonnes are 7 billion barrels. The Caspian Sea Kurmangazy ERR have been shrinking and the lifting costs rizing ever since they did the proper explorations. Not too long ago the Caspian was supposed to be the new Saudi Arabia.
On the other hand, it still contains more than the remaining US ERR.
Cheers,
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tdrive - Lignite
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by killJOY » Sat 09 Jul 2005, 17:05:39
$this->bbcode_second_pass_quote('', 'O')n the other hand, it still contains more than the remaining US ERR.
I thought the US had 20-22 Gb left...or is that incorrect?Peak oil = comet Kohoutek.
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killJOY - Intermediate Crude
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by zed » Sat 09 Jul 2005, 20:02:57
ASPO estimates 25Gb future production in the US.
http://peakoil.net/uhdsg/WORLD_SUMMARY_html.htm - excellent world summary
http://peakoil.net/uhdsg/WORLD_SUMMARY_html.htm - excellent world summary
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zed - Peat
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by SidneyTawl » Sat 09 Jul 2005, 23:23:14
IMO,
the bust of the Caspian Sea resulted in what we see today.
All bets off,
each man (country) for himself.
the bust of the Caspian Sea resulted in what we see today.
All bets off,
each man (country) for himself.
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SidneyTawl - Lignite
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by tdrive » Sun 10 Jul 2005, 17:53:08
$this->bbcode_second_pass_quote('', ' ')thought the US had 20-22 Gb left...or is that incorrect?
You are correct about US. The total Caspian reserves (not just that field) are estimated to be a bit over what US has now.
Cheers,
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tdrive - Lignite
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by Concerned » Sun 10 Jul 2005, 18:25:22
$this->bbcode_second_pass_quote('tdrive', '')$this->bbcode_second_pass_quote('', ' ')thought the US had 20-22 Gb left...or is that incorrect?
You are correct about US. The total Caspian reserves (not just that field) are estimated to be a bit over what US has now.
Cheers,
Just a different perspective on these numbers.
20-22 GB left in the US and Tl Caspian reserves = 40-44 GB
Daily consumption 83 million barrells
44,000 / 83 = 530 days supply, essentially we need more alot more.
"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
-Italian Proverb
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Concerned - Heavy Crude
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