Joined: Dec 02, 2005 Posts: 6284 Location: Oil-addicted Southern Californucopia
Posted: Mon Feb 11, 2008 3:10 am Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
Quote:
...underwater hydrocarbon, which may contain oil and gas reserves...
Huh? What is that supposed to mean?
So apparently, they aren't sure if there's any recoverable oil there at all, but if there is, it'll be another Ghawar.
Perhaps something was lost in translation. _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
Posted: Mon Feb 11, 2008 4:33 am Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
From a doomer point of view this is great. Do you want a PO death or Greenhouse gas death.
Both good choices mind you kinda like asking what color rope you want before you get hung, I mean does it really matter _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Completely impossible of course. We've been told the world has been explored and there isn't anything left, so this is probably a conspiracy cooked up by the same government agency which faked the moon landings. _________________ Freddy RULZ!
www.TrendLines.ca/scenarios.htm Home of the Real Peak Date ... set by geologists (not pundits) (or bankers) (or web "experts")
Joined: May 13, 2005 Posts: 2621 Location: The Urban Village
Posted: Mon Feb 11, 2008 1:34 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
This is like the emails I get from the Nigerian. I think Indonesian businessman need just modest amount investment that pay back 10 fold. Please send check.
Posted: Mon Feb 11, 2008 2:10 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
satjeet wrote:
hanged not hung
Well while we're splitting the atom...
Hanged not hung.
You should capitalize the beginning of your sentence and end with a full stop.
Otherwise people might have no idea what you are talking about. You may as well write it in Sanskrit. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Joined: Mar 28, 2007 Posts: 339 Location: Cambs., UK
Posted: Mon Feb 11, 2008 2:33 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
Talk about inept. The oil discovery industry missed a whole Saudi and only now "may" have discovered it?
Yeah, I call bullshit. Evidence, please, preferably pumping out of the ground at a few million barrels a day. _________________ "Nothing survives. Not your parents. Not your children. Not even stars."
-Pinbacker, Sunshine
Joined: Dec 02, 2005 Posts: 6284 Location: Oil-addicted Southern Californucopia
Posted: Mon Feb 11, 2008 5:12 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
It's really amazing how many posters on this site are really looking forward to having an excuse to shoot somebody. _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
Joined: Nov 24, 2007 Posts: 112 Location: Christchurch, New Zealand
Posted: Mon Feb 11, 2008 6:21 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
Concerned wrote:
From a doomer point of view this is great. Do you want a PO death or Greenhouse gas death.
If the recent mummerings about a coming mini ice age precipitated by reduced solar activity turn out to be true, then increasing CO2 emissions actually might be exactly what civilization needs to keep going for the next 100 years.
I guess we'll find out in 5 years or so which way it looks like it'll be tipping.
Posted: Mon Feb 11, 2008 7:16 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
Regardless of confirmed reserves, Bin Laden will send a legion of suicide bombers to Indonesia, just in case. _________________ People first, then things, then dollars.
There will be enslavement & cannibalism.
The language is Indonesian. I found an online Indonesian translator here. The following is a crude translation courtesy of the translator. Unfortunately, some words just don't translate correctly.
Quote:
More Besar than Saudi Arabian Property
Jakarta - the horrifying Disaster the tsunami in Aceh on December 26 2004 showed the blessing was not expected four years afterwards. Started from the study pascagempa the tsunami in west Sumatran waters, Badan Pengkajian and the Application of Technology (BPPT) yesterday (11/2) memublikasikan the bloc's findings with the potential for the content of the giant's oil and gas.
Director Pusat of Inventarisasi Sumber Daya Alam BPPT Yusuf Surahman Technology said, the BPPT survey with Bundesanspalp fur Geowissnschaften und Rohftoffe (BGR Germany) that found the waters region that in his earth it was estimated was contained oil and gas 107.5 through to 320,79 billion barrel. The field of this oil and gas was located in the area of the basin of the face bow or fore arc basin east waters Simeuleu Island sea, Nanggroe Aceh Darussalam (NAD).
As the comparison to show the content size of oil and gas in this Aceh, Yusuf mentioned, at this time the reserve was proven in Saudi Arabia reached 264,21 billion barrel or only 80 percent of the content of oil and gas in Aceh. In the meantime, the Banyu Urip field reserve was in Cepu estimated only 450 million barrel. The field of oil and gas could be categorised by the giant or giant field if the reserve terhitung him more than 500 million barrel.
According to Yusuf, this potential figure was received from the calculation of the porosity 30 percent. Meaning that, diasumsikan only 30 percent of the volume of the rock basin that contained oil and gas. Nevertheless, continued he, was uncertain all this basin was filled up hydrocarbons that were the element of the framer of oil.
He said, although being not yet learnt definitely, one of the indications of the existence of oil and gas of the beginning could be in this basin seen from the existence carbonate build ups as reservoir or the oil cross-section as well as bright spot that was the indication of the existence of gas.
As far as this is concerned, continued Yusuf, Tim BPPT optimistic east waters Simeuleu Island sea contained scale oil and gas of the giant. Because, several areas that had the same characteristics have been proven contained oil and gas. Among them, in the Myanmar territory, Andaman, as well as California, of the USA.
Nevertheless, BPPT will continue to make the calculation realistic. According to Yusuf, if the porosity was reduced to 15 percent, meaning that diasumsikan only 15 percent of the volume of the basin that contained oil and gas, the minimal figure his reserve still 53,7 billion barrel.
This BPPT discovery received the positive response from the geologist perminyakan Andang Bachtiar that yesterday also was present at the Office of BPPT. Chairman PT Exploration Think Tank Indonesia (ETTI) that said, the Indonesian waters territory indeed had many basins or basin that had the potential to contain oil and gas.
Till at this time, said he, has had 66 basins plus 6 basins fore arc basin that was determined contained oil. In 2003, continued he, the Association of the Indonesian Geologist (IAGI) was successful identified the hypothesis of the gas reserve as big as 26,7 trillion cubic foot (TCF) that was spread in several territories.
In relation to the BPPT discovery, Andang said still necessary the further study to be able to approach the calculation was how big his proven reserve. According to him, the location of the seismic study 2D that was carried out by BPPT with the interval of the distance 60 km still was too lax.
Therefore, continued he, BPPT must immediately coordinate with the government to immediately follow up these findings. Because, to study more thorough, was needed the quite big fund. He mentioned, for the process of the seismic study 2D that was closer, was needed the fund around US$7 million. Afterwards, to know the figure of the oil and gas reserve, must be carried out minimal 14 well drillings in 14 basin points. The drilling cost of one well, continued the Colorado alumnus of School of Mines, the USA, that, around US$30 million. Therefore, minimal was needed the fund US$427 million.
Andang added, that at this time immediately must be carried out by BPPT and the government was the co-ordination. According to him, although the field of this oil and gas was fastest just could be developed in time seven years in the future, the government must move fast.
He said, the character of the field that was in sea in (the depth more than 200 metre) clear needed the big fund and high technology that not necessarily were owned by Pertamina as the national company. Nevertheless, continued he, lest the spread of this potential information was precisely made use of by sides that had big capital and technology, namely the foreign company.
In relation to that, the BPPT Said Jenie Head said has reported this discovery to the ESDM. Selain Itu Department, his side has given the copy that was followed up by Pertamina with sent letter of intent the co-operation to follow up these findings. BPPT also prepared one research ship that was equipped the implement was especially seismic to research further and ask for to the government to pacify the area of west Acehinese waters tersebut. (owi/Kim)
Joined: Mar 04, 2005 Posts: 2578 Location: New Zealand
Posted: Mon Feb 11, 2008 11:40 pm Post subject: Re: Huge new offshore Indonesian find? 107-320 billion boe?
I found this:
Pertamina may develop massive reserve: BPPT
Quote:
State oil and gas firm Pertamina will follow up on the recent preliminary finding by a state research agency of a large hydrocarbon reserve off the western shore of Nangroe Aceh Darussalam, an official says.
Chairman of the Agency for the Assessment and Application of Technology (BPPT), Said D. Jenie, said Pertamina would take part in the project after the company gained approval from the ministry of energy and mineral resources.
Such approval is necessary for Pertamina to be able to gauge the size of the potential reserve.
Said stated the agency would follow up on its preliminary findings by launching another series of surveys using its high-tech research vessel Barunajaya.
BPPT and its German counterpart Bundesanstalt fur Geowissenschaften und Rohstoffe recently said they found a massive store of underwater hydrocarbon, which may contain oil and gas, around Simeulue island in Aceh.
The agencies said the reserve might reach a minimum of 107 billion barrels and a maximum of 320 billion barrels of oil or gas.
thejakartapost _________________ Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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