[bratticus]

Fantasy:

sustainability rap songs

Reality:

off shore drilling

[doodlebug2]

I heard this about CA this morning and was curious also.
Will they actually start drilling? when? Will it help?
Is this the anser to teir problem or is it just smoke and mirrors?

[hillsidedigger]

From what I've read there's about 5 billion barrels of oil just offshore from Santa Barbara but can it be produced without spoiling the coastline there?

[Maddog78]

Remains to be seen but they should be able to.
Strict operating restrictions such as Norwegian style regs. should take care of it.

[vampyregirl]

Shell has announced a signifigant new oil discovery in the deepwater eastern Gulf of Mexico, adding to discoveries in the area from 2009.
The discovery is located in the Appomatax prospect in 2200 metres of water in the Mississippi Canyon blocks 391 and 392.
Shell drilled the discovery well on block 392 to a depth of 7,643 metres and found 162 metres of oil pay. Shell then drilled an appraisal sidetrack to 7,910 metres and found 116 metres of oil pay. Additional appraisal drilling is planned for later this year.
Shell is the operator and holds an 80% interest in the project.
In 2009 Shell made discoveries at West Boreas, Vito, and Cardamom Deep.

[Keith_McClary]

Is it bigger than a breadbox?

[Blacksmith]

$this->bbcode_second_pass_quote('vampyregirl', 'S')hell has announced a signifigant new oil discovery in the deepwater eastern Gulf of Mexico, adding to discoveries in the area from 2009.

[ian807]

Extraction costs? Energy return? Recoverable oils expressed as number of barrels?

[dinopello]

Over 6 miles down from sea level - that is one long straw.

[Blacksmith]

The reason I asked this question of recovery costs which cover, exploration and development costs determines payout. The president of Petrobras said about a year ago that $175 a barrel would make their deep water resources profitable.

[NeoPeasant]

I've often wondered what fraction of a barrel of oil's energy is required to lift a barrel of oil six miles or more. How deeply can we drill and pump before we can no longer profit from it?

[TheDude]

The announcement was made last week. Headlines suggest "significant" and "huge." Shell will release more info later this year.

Obviously energy premiums to extract don't make wells like this uneconomical, or they would never be drilled.

[AAA]

$this->bbcode_second_pass_quote('TheDude', '
')Obviously energy premiums to extract don't make wells like this uneconomical, or they would never be drilled.

[dsula]

$this->bbcode_second_pass_quote('AAA', 'T')hat is one of the problems with PO. Too many PO enthusiasts focus on EROEI.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'I')'ve often wondered what fraction of a barrel of oil's energy is required to lift a barrel of oil six miles or more. How deeply can we drill and pump before we can no longer profit from it?

[Sixstrings]

$this->bbcode_second_pass_quote('TheDude', 'T')he announcement was made last week. Headlines suggest "significant" and "huge." Shell will release more info later this year.

Obviously energy premiums to extract don't make wells like this uneconomical, or they would never be drilled.

[vampyregirl]

There are no plans to begin pumping from Appomatax yet. More appraisal drilling is planned first. However the first crude is onstream from the Parque de Conchas field offshore Brazil in water just as deep. I already posted about that in another thread. It will pay for itself and then some. Shell is in business to MAKE money not lose it.

[JustaGirl]

$this->bbcode_second_pass_quote('Sixstrings', '
')
There will be oil, but it'll be very expensive and we'll have to endure shortages for up to a decade while waiting for fields to come online.