by stu » Mon 18 Apr 2005, 17:32:29
One argument that goes against Peak Oil is the market force theory- As the price goes up new technology will evolve and solve the problem.
I never knew what this technology was or how it would work but fortunately I know now what the basics of it are thanks to a magazine that my friend showed me in a Swedish science magazine.
It shows a flow chart with oil production actually meeting the 125mbpd expected in 2030.
If anyone out there can translate Swedish the article should be at
www.illustreradvetenskap.com
According to the article there are three basic methods.
1. Lateral Drilling.
This basically involves drilling down and then horizontally. Confused.
This article helps to explain it. Registration needed but it is worth it.
Texas companies turn to hard-to-pump heavy oil as light oil declines in Alaska
$this->bbcode_second_pass_quote('', 'D')rilling for heavy oil used to involve a straight shot, one hole that went down 4,000 to 5,000 feet and opened up 75 to 100 feet of oil-laden sands. For viscous to make economic sense, more area needs to be available off the main hole. That's where lateral drilling comes in. A well with three to five laterals can open up 25,000 feet of sand.
Computer-driven drill bits that snake through the sandstone, going from one pocket of oil to the next, also are taking much of the guesswork out of drilling. Technicians can now keep a drill bit within bands of sand only 10 to 15 feet thick 90 percent of the time, extend out 1.5 miles, and still hit a target within about the size of a large door frame.
2. Drill Ships.
These are ships that can actually drill down to the ocean floor and are meant to be the way forward in deep-sea drilling.
I found a very old article that describes how it is possible.
Glomar Explorer Converted for Deep-Water Drilling3.Steam injection.
This involves drilling a hole next to the actual well and then injecting it with steam to increase the pressure and 'lighten' the heavy oil. This is being done as we speak I think. Maybe the economists believe that with more money they can use more natural gas to inject more steam and thus obtain more of the unreachable heavy oil. That really won't solve much in the long run with a natural gas peak looming.
This link gives a good insight into Heavy oil extraction technology.
COST ANALYSIS OF ADVANCED TECHNOLOGIES FOR THE PRODUCTION OF HEAVY OIL AND BITUMEN IN WESTERN CANADAAnother one that shows the basics of oil drilling technology.
Oil Recovery MethodsAn article on Heavy Oil Extraction$this->bbcode_second_pass_quote('', 'H')as the era of heavy oil arrived? On the one hand, heavy- (and extra-heavy-) oil production seems to be on the rise from new fields, while mature fields are showing resilience and continue to produce. On the other hand, world refining capacity for heavy feedstock is not increasing at a matching pace, and with tighter environmental regulations, most investments, especially in the U.S., have gone into upgrading existing facilities to meet such requirements, neither increasing capacity nor expanding the portfolio toward heavier feedstock