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@SeaGypsy - large discoveries after 1972

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@SeaGypsy - large discoveries after 1972

Unread postby copious.abundance » Tue 10 Feb 2009, 23:10:46

In this thread you asked:
$this->bbcode_second_pass_quote('SeaGypsy', 'A')nti Doomer; can you name 1 conventional oil field dicovered since 1972 which amounts to over 1 month of current world demand?

And then reiterated:
$this->bbcode_second_pass_quote('SeaGypsy', 'S')o those pertaining to distract from the issue of peak oil on this site can come up with 1 maybe slightly largish discovery since 1972?

To avoid getting off-topic in that thread about the Bakken I will answer your question in this separate thread.

In 2007 the world consumed about 31.1 billion barrels of oil ( source )

A 1-month supply would then be approximately 2.6 billion barrels. Here is a partial list of oil discoveries made since 1972 which are 2.6 billion barrels in size, or more. The name of the field contains a link to a source of the information. I emphasize this is just a partial list, these are ones I can think of offhand which are recent.

-- Kashagan - 9-16 billion barrels of recoverable reserves - discovered in 2000. Located in Kazakhstan in the Caspian Sea.
-- Tupi - 5-8 billion barrels of recoverable reserves. Discovered in 2006-07. Located offshore Brazil.
-- Jubarte - 1.5-2 billion barrels in the pre-salt layer, 2 billion barrels in the post-salt layer ( source for post-salt number ). Post-salt discovered in 2001, pre-salt discovered in 2008. So this field is a total of 3.5-4 billion barrels. These are recoverable figures. Located offshore Brazil.
-- Iara - 3-4 billion barrels of recoverable reserves. Discovered in 2008. Located offshore Brazil.
-- Tsentralnaya - 3.8 billion barrels. Discovered in 2008. Located in the Russian Caspian Sea.
-- Jidong Nanpu - 7.5 billion barrels. Discovered in 2007. Located in Bohai Bay, China.

The 3-15 billion barrel "Jack 2" oil field TheAntiDoomer mentioned in the other thread actually refers to an area called "The Lower Tertiary Trend" which is a collection of oil fields, not a single field. I only included single fields here.

There are many more I know of in the 1.5 - 2.5 billion barrel range, but as I said these are ones only above 2.6 billion barrels.

As you can tell from the dates these are also just recent ones. Since you asked post-1972 I can absolutely guarantee you there are many many more, but I don't feel like searching for older ones.
Last edited by Anonymous on Wed 11 Feb 2009, 21:07:58, edited 1 time in total.
Reason: clarified title for benefit of other readers browsing forum
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy

Unread postby copious.abundance » Wed 11 Feb 2009, 00:25:28

Here's a few older ones I found.

-- Tengiz Field - 6-9 billion barrels recoverable reserves. Discovered in 1979. Kazakhstan.
-- Azadegan - 5.2 billion barrels of recoverable reserves. Discovered gradually from 1976 to 1999. Iran.
-- Priobskoye - According to an independent study here (PDF) on pg. 2 this field contains 27.6 billion barrels of "recoverable resources." The Wiki article says it was discovered in 1982. Russia.
-- Then of course there is Cantarell - 11.5 billion barrels produced to date. Discovered in 1976. Mexico.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy

Unread postby SeaGypsy » Wed 11 Feb 2009, 00:40:50

Thanks for the effort!
You obviously know your stuff better than I do.

I will still note;

If I was as well educated as yourself on this subject; this would not have changed my ultimate view.

No new mega fields since the North Sea shelf.

Even Cantarell only produced world need equivant to a few months on your own figures.

Average new worthwhile finds are in the single digit billions; ie a couple of weeks worth.
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Re: @SeaGypsy

Unread postby copious.abundance » Wed 11 Feb 2009, 01:01:15

$this->bbcode_second_pass_quote('SeaGypsy', 'T')hanks for the effort!
You obviously know your stuff better than I do.

I will still note;

If I was as well educated as yourself on this subject; this would not have changed my ultimate view.

No new mega fields since the North Sea shelf.

Even Cantarell only produced world need equivant to a few months on your own figures.

Keep your eyes on this, which I am regularly updating in this thread.

There are other possibilities such as this and even this but the Brazilian one is likely to produce the most immediate information.

$this->bbcode_second_pass_quote('SeaGypsy', 'A')verage new worthwhile finds are in the single digit billions; ie a couple of weeks worth.

All the 2000-present ones I posted contain enough to supply a month or more of world demand as you requested, not just "a couple weeks."
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy

Unread postby SeaGypsy » Wed 11 Feb 2009, 01:25:39

Ok; I read the links.

Even the most optimistic reading of this is about 400 BB from a combination of Latin American new fields.

Way less than a decades worth; with massive investment may spur anaemic growth for a couple of years.
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Re: @SeaGypsy

Unread postby SeaGypsy » Wed 11 Feb 2009, 01:40:20

Can I side track a bit and ask;

If your postion that thousands of new small projects will make up the post peak shortfall for a number of decades; turns out correct:

What do we do about the sustainability question in the time being?

Ocean acidification?

Global warming?

Overpopulation?

If you are advocating a 'business as usual' approach; I am dissapointed.

Will confidence be restored by knowlege of these oil deposits?

Will they exacerbate our current problems in the long term or buy us precious breathing space to downscale?

Or will they just be something to fight over?
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Re: @SeaGypsy

Unread postby copious.abundance » Wed 11 Feb 2009, 12:22:03

$this->bbcode_second_pass_quote('SeaGypsy', 'O')k; I read the links.

Even the most optimistic reading of this is about 400 BB from a combination of Latin American new fields.

Way less than a decades worth; with massive investment may spur anaemic growth for a couple of years.

400 billion barrels would supply the world for almost 13 years at current consumption rates.

400 billion barrels is also far more than Saudi Arabia's proven reserves. Are you suggesting Saudi Arabia's oil is insignificant?

Also read the Iraq thread I linked.

There are other areas I believe will ultimately prove to be another large new frontier - namely the entire west coast of Africa, but that's just a hunch on my part at this point. Though I've got good reasons for this hunch.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy

Unread postby copious.abundance » Wed 11 Feb 2009, 12:33:39

$this->bbcode_second_pass_quote('SeaGypsy', 'C')an I side track a bit and ask;

If your postion that thousands of new small projects will make up the post peak shortfall for a number of decades; turns out correct:

What do we do about the sustainability question in the time being?

Ocean acidification?

Global warming?

Overpopulation?

If you are advocating a 'business as usual' approach; I am dissapointed.

Will confidence be restored by knowlege of these oil deposits?

Will they exacerbate our current problems in the long term or buy us precious breathing space to downscale?

Or will they just be something to fight over?

Then you are just another person who essentially *wants* peak oil to occur as a means to an end (that is, a more "sustainable" world economy), not because you actually care if vast new oil reserves are discovered or not. If you care about sustainability, then just say so. Don't go around saying oil production is about to peak or has already peaked when you don't know so for a fact, and when that isn't your actual concern.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy

Unread postby jdmartin » Wed 11 Feb 2009, 14:00:27

$this->bbcode_second_pass_quote('OilFinder2', '
')400 billion barrels would supply the world for almost 13 years at current consumption rates.

400 billion barrels is also far more than Saudi Arabia's proven reserves. Are you suggesting Saudi Arabia's oil is insignificant?

Also read the Iraq thread I linked.

There are other areas I believe will ultimately prove to be another large new frontier - namely the entire west coast of Africa, but that's just a hunch on my part at this point. Though I've got good reasons for this hunch.


I think it is insignificant. Though I don't mean to step on Sea Gypsy's toes.

Let's just assume for argument's sake that we can keep consumption rates stable at 85MBD, and still allow for some economic growth (efficiency improvements, etc).

85MBD=31 billion barrels per year. Even if we have 2 trillion barrels lying in the ground right now, which I think is a specious assumption, that's 64 years and then pumping zero. Since we know that oil doesn't work that way, that you reach a peak pumping point and then decline, if we set that point at the 50% mark we're only 32 years away from that point.

I don't know about anyone else, but 32 years from a point of no return is pretty damn close. And the reality of the oil data has shown a marked decline in traditional distillates, with the remainder being made up by the tar sands et al which have a significantly higher cost of production and smaller eroei. I believe that point is much closer than 32 years, though I will readily admit to having no idea and no intention of making a firm prediction. To me, peak cheap oil is a much greater threat to life as we know it than peak geological oil. Current crisis aside, I think we're already at peak cheap oil.

I consider myself a "moderate" - I don't necessarily subscribe to Mad Max (at least not yet :-D ), but I think the cornucopian viewpoint is far too, well, cornucopian to be realistic.
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Re: @SeaGypsy

Unread postby dorlomin » Wed 11 Feb 2009, 19:44:29

$this->bbcode_second_pass_quote('SeaGypsy', 'T')hanks for the effort!
You obviously know your stuff better than I do.
Oilfinder managed to 'find' something like 400 billion barrels of oil in a formation called the Bakken last year that turned out to be just about 4 billion. He has also 'found' 300 billion barrels of off the coast of Indonesia without anyone quite bothering to drill there yet. Walter Mitty on cocaine would come close to summing up his imaginative enthusiasm for 'finding' oil.
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Re: @SeaGypsy

Unread postby SeaGypsy » Wed 11 Feb 2009, 20:58:03

I do care about survival.

My perspective says that the only way out of the current mess involves a complete rethink of the function of society; away from endless growth, towards sustainability.

Who can do this rethink; there is no 'Authority' which can overwrite the status quo; easpecially when this involves probable disenfanchisement of the most powerfull individuals in the world.

Part of the necessary reseach is a toatally honest look at oil.

Another is reducing population without need for war.

Unfortunately, I believe this will not happen. There are too many excuses for it not to happen. One of them is exagerated speculation on the future supply of oil.

The vested interests at the top of the pyramid will be happy to read the kind of propaganda OilFinder is making available; because this will help them to keep selling the story they so dearly love: the one where they are well and truly on top and in control.

The fact is that if we don't get a serious 'real economic' plan going very soon; confidence cannot be restored and the economy will continue to flounder. This is best case scenario.

Worst case is sudden institutional collapse around the world followed by the orchestrators sailing off on their mega yaghts to their little islands; leaving the anarchy they helped cause behind.
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Re: @SeaGypsy - large discoveries after 1972

Unread postby Ludi » Wed 11 Feb 2009, 21:25:13

SeaGypsy, why do you need an "Authority" to tell you to change your way of life?
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Re: @SeaGypsy - large discoveries after 1972

Unread postby SeaGypsy » Wed 11 Feb 2009, 21:33:54

I didn't realize I have the 'Power'!

How ignorant and foolish of me!
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Re: @SeaGypsy

Unread postby copious.abundance » Wed 11 Feb 2009, 21:36:26

$this->bbcode_second_pass_quote('SeaGypsy', 'T')he vested interests at the top of the pyramid will be happy to read the kind of propaganda OilFinder is making available . . .

Just be sure you yourself aren't falling prey to a different set of propaganda.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: @SeaGypsy - large discoveries after 1972

Unread postby Ludi » Wed 11 Feb 2009, 21:41:05

$this->bbcode_second_pass_quote('SeaGypsy', 'I') didn't realize I have the 'Power'!

How ignorant and foolish of me!



Join us in the Planning Forum. :)
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Re: @SeaGypsy - large discoveries after 1972

Unread postby SeaGypsy » Wed 11 Feb 2009, 21:43:26

I am really intersested in what you have to say here.

I think the figures need to be worked out more solidly and incorporated into a transition plan; rather than society just 'running off a cliff'.

This will take time it looks like we may not have.
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Re: @SeaGypsy - large discoveries after 1972

Unread postby Ludi » Wed 11 Feb 2009, 21:54:05

$this->bbcode_second_pass_quote('SeaGypsy', 'i')ncorporated into a transition plan



http://www.communitysolution.org/

http://www.transitiontowns.org/

http://transitionculture.org/
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Re: @SeaGypsy - large discoveries after 1972

Unread postby SeaGypsy » Wed 11 Feb 2009, 22:14:42

I do realise people have done this work at the grass roots level& I applaud their work.

However I don't see a dot gov on any documents remotely resembling any of these sensible ideas.

The vested interests and inertia of established capital will ensure that no time soon such plans are incorporated by significant Governments.

At this level most of the forward thinking has been coming out of Europe; proposing the 2020 plans etc. From what I can see they are assuming alternative energy sources are THE key; to be factored onstream over the next 40+ years to supply continued economic growth.

These plans don't seem to have accounted for the current situation whatsoever. Economic doomsayers have been ostricised from power for so long they are seen as neanderthal by the establishment.

The real workable possible solutions are coming from the doomer end of the political spectrum; hence social discomfort in the extreme for the zealously positive nutters who currently control the worlds purse strings.
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Re: @SeaGypsy - large discoveries after 1972

Unread postby idiom » Fri 20 Feb 2009, 03:18:49

$this->bbcode_second_pass_quote('', 'H')owever I don't see a dot gov on any documents remotely resembling any of these sensible ideas.


There hasn't been a .gov on a sensible idea in over a century.
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