Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
BP’s field developments in the deep waters of the Gulf of Mexico are setting new benchmarks in almost every aspect of offshore engineering. Terry Knott takes a look at the pioneering work done in one particular area – completing the oil and gas wells for the largest of the fields, Thunder Horse
In an industry where technology achievements frequently attract analogies with the space programme, finding new superlatives for oilfield successes can be a little tricky at times. But some achievements stand clear of the pack with or without a catchy superlative label. In this regard, the Thunder Horse development in the Gulf of Mexico is unmistakably accepted as one of the most ambitious offshore field developments ever undertaken.
You got me reading about ThurderHorse and deepwater oil in the Gulf of Mexico. I found an article about BP and their deepwater history. It is impressive.
link"We then plotted the deepwater relative to the shelf," he said, "and came to the conclusion that the deepwater could ultimately deliver at least 40 billion barrels of oil as well.
That was "quite contrary to the thinking in the mid-1990s," he added, when the deepwater had booked reserves of about five billion barrels of oil and "conventional wisdom held that ultimate reserves from the region would likely be about 10 billion barrels."
Yeah, reading this and others, especially about SEC proven reserves versus other methods, I realized there is more oil out there that have been found, but not reported as proven or probable reserves. So all that means is that PO has to wait a few more years. During the mean time, we have short term supply restraints as these oil fields won't come online and won't produce enough to meet demands.
I thought PO could be below 90mbpd, but now, it looks like over 100mbpd will be PO. Of course, it is all my guess work. Unlike Campbell, I am taking Saudi's word that they can peak at 15mbpd. They have said they won't be able to meet 20+mbpd as demanded by US. This makes me want to give them the doubt that they are not just throwing out numbers without a care.
85,000,000 bpd World demand. 250,000 bpd from the gulf. 1/340th of daily demand.
Oman's Jibal field lost that much to rapid depletion in a single year. And they didn't use $5 billion space equipment. I propose this changes nothing.
Link _________________ "When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Stephen F Roberts.
Yep nothing like a 5 billion dollar soda straw and such. It does show a couple of things though how desperate the oil industry is at reaching the untapped possibilities, and how long they've been working on it.
Yep nothing like a 5 billion dollar soda straw and such. It does show a couple of things though how desperate the oil industry is at reaching the untapped possibilities, and how long they've been working on it.
Yes! I think they discover these fields in 1999, so that means even though oil prices crashed in 2001-2, these fields were being developed. So the idea that low prices prevented discoveries are bologne! It might prevent development, but not discovery of new oil fields.
Oil firms are always looking for more oil fields. If they discover a giant field, their costs go down, so always looking, even in depressed prices. This further boosts PO theory, cuz discovery of new fields are declining at an alarming rate.
Joined: Sep 16, 2004 Posts: 4911 Location: Southwest WI
Posted: Mon Jul 11, 2005 8:10 pm Post subject: Thunder Horse takes beating from Dennis!
Quote:
Big BP oil rig listing badly in U.S. Gulf By Jim Jelter, MarketWatch Update: July 11, 2005
SAN FRANCISCO (MarketWatch) -- BP Plc. said late Monday that Thunder Horse, one if its big Gulf of Mexico deepwater oil rigs, was listing badly after Hurricane Dennis swept through area this past weekend. The semi-submersible rig, an essential component in the development of the Thunder Horse oil and gas field on Mississippi Canyon Block 778, about 150 miles southeast of New Orleans, was heeled over at an angle of 20 to 30 degrees, the company said.
While too early to say what caused the rig to lean, righting and repairing it could pose a costly delay to BP's plans to bring the field on line later this year.
And we thought Dennis didn't hurt any infrastructure.
See the picture here..doesn't look good!
BP oil rig
Joined: Oct 23, 2004 Posts: 5928 Location: New Jersey
Posted: Mon Jul 11, 2005 10:52 pm Post subject:
BabyPeanut wrote:
This is just like last year when the news barely whispered about the damage Ivan did to off-shore oil rigs.
Bad news on the destruction Ivan brought trickled out slowly. It was almost a week later when we found out that waves 100 feet tall battered rigs and underwater structures.
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I believe that's damn serious! Any tech's out there than know how bad that could be? is it in any danger of sinking?
ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap 
