Posted: Sat Dec 10, 2005 4:38 am Post subject: THE Cantarell Thread (merged)
sorry if I missed a thread on this but: Cantarell to decline by 6% in 2006.
Quote:
Pemex's Cantarell offshore oil field, which accounts for about 60 percent of oil production, is forecast to produce 1.9 million barrels a day in 2006, a 6 percent decline from 2.03 million barrels a day so far in 2005, Pemex said in an e-mailed statement.
Article
Here's something intersting. Jerome Corsi, a tireless hero who is spreading the important message of abiotic oil to the world, says that cantarell was created by an asteroid hitting the earth and poking a hole in the earth's skin where the oil spilled out and created Cantarell.
Quote:
Proponents of the abiotic, deep-earth theory of the origin of oil argue that the deep fracturing of the basement bedrock at Cantarell caused by the meteor's impact was responsible for allowing oil formed in the Earth's mantle to seep into the sedimentary rock that settled in the huge underwater crater. Article
Joined: Oct 23, 2005 Posts: 1800 Location: East of Eden
Posted: Sat Dec 10, 2005 11:39 am Post subject: Re: buenos noches Cantarell
seldom_seen wrote:
Here's something intersting. Jerome Corsi, a tireless hero who is spreading the important message of abiotic oil to the world, says that cantarell was created by an asteroid hitting the earth and poking a hole in the earth's skin where the oil spilled out and created Cantarell.
Quote:
Proponents of the abiotic, deep-earth theory of the origin of oil argue that the deep fracturing of the basement bedrock at Cantarell caused by the meteor's impact was responsible for allowing oil formed in the Earth's mantle to seep into the sedimentary rock that settled in the huge underwater crater.Article
That's just funny. If this actually turns out to be correct, I will officially stop trying to figure out anything.
Quote:
It turned out that Mexico's richest oil field complex was created 65 million years ago, when the huge Chicxulub meteor impacted the Earth at the end of the Mesozoic Era. Some 10 years earlier, Luis and Walter Alverex had suggested in their independent studies that an impact meteor was responsible for the extinction of the dinosaurs.
So the Alvarex brothers lived in the last part of the Mesozoic era? Come on guys, learn some critical thinking, or just some plain English usage. _________________ "If a path to the better there be, it begins with a full look at the worst." — Thomas Hardy
Joined: Feb 19, 2005 Posts: 92 Location: S Florida
Posted: Mon Dec 12, 2005 10:28 am Post subject: Re: buenos noches Cantarell
coyote wrote:
So the Alvarex brothers lived in the last part of the Mesozoic era? Come on guys, learn some critical thinking, or just some plain English usage.
I think you need to reread the article coyote, it actually appears that the Alverex brothers completed their study 10 years prior to the last part of the Mesozoic period, and foretold the futue meteor impact that was to come ten years hence.
Posted: Mon Dec 12, 2005 12:09 pm Post subject: Re: buenos noches Cantarell
seldom_seen wrote:
Here's something intersting. Jerome Corsi, a tireless hero who is spreading the important message of abiotic oil to the world, says that cantarell was created by an asteroid hitting the earth and poking a hole in the earth's skin where the oil spilled out and created Cantarell.
Quote:
Proponents of the abiotic, deep-earth theory of the origin of oil argue that the deep fracturing of the basement bedrock at Cantarell caused by the meteor's impact was responsible for allowing oil formed in the Earth's mantle to seep into the sedimentary rock that settled in the huge underwater crater. Article
So, we better start checking out all the impact craters. We've got lots here in Canada, hell there should be billions of gallons under Sudbury. _________________ Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
Joined: Apr 17, 2005 Posts: 2723 Location: Vancouver Island
Posted: Mon Dec 12, 2005 12:15 pm Post subject: Re: buenos noches Cantarell
RdSnt wrote:
So, we better start checking out all the impact craters. We've got lots here in Canada, hell there should be billions of gallons under Sudbury.
No we should start planting nukes in the ground and making new craters to collect the oil in. Nevada's testing had nothing to do with the russians. It was all about becoming energy independant _________________ shame on us, doomed from the start
god have mercy on our dirty little hearts
Joined: Jun 02, 2004 Posts: 1078 Location: Bristol, UK
Posted: Mon Dec 12, 2005 12:33 pm Post subject: Re: buenos noches Cantarell
seldom_seen wrote:
Cantarell to decline by 6% in 2006.
2005 2.032 million barrels per day
2006 1.905 million barrels per day -6.3%
2007 1.683 million barrels per day -12%
2008 1.430 million barrels per day -15%
Mexico’s Pemex Press Release _________________ "Everything is proceeding as I have foreseen." The Emperor (Return of the Jedi)
The Oil Drum: Europe
Posted: Mon Dec 12, 2005 7:06 pm Post subject: Re: buenos noches Cantarell
clv101 wrote:
seldom_seen wrote:
Cantarell to decline by 6% in 2006.
2005 2.032 million barrels per day
2006 1.905 million barrels per day -6.3%
2007 1.683 million barrels per day -12%
2008 1.430 million barrels per day -15%
Mexico’s Pemex Press Release
Posted: Mon Dec 12, 2005 8:08 pm Post subject: Re: buenos noches Cantarell
clv101 wrote:
seldom_seen wrote:
Cantarell to decline by 6% in 2006.
2005 2.032 million barrels per day
2006 1.905 million barrels per day -6.3%
2007 1.683 million barrels per day -12%
2008 1.430 million barrels per day -15%
Mexico’s Pemex Press Release
ai carumba! thanks for sharing that clv101. outstanding blog btw.
Joined: Oct 23, 2004 Posts: 5920 Location: New Jersey
Posted: Thu Feb 09, 2006 8:24 am Post subject: Cantarell Oil Production to "drop precipitously" -
No surprise to PO.com readers, but main stream media is catching on to the fact that PO production has passed in some major oil exporters: Mexico's Oil Output May Decline Sharply Paid subscription may be required
Quote:
MEXICO CITY – Mexico's huge state-owned oil company may be facing a steep decline in output that would further tighten global oil supply and add to global woes over high oil prices.
The potential decline faced by Petroleos Mexicanos, or Pemex, also could undermine U.S. efforts to reduce dependence on Middle East oil, and complicate Mexican politics and financial stability.
An internal study reviewed by The Wall Street Journal shows water and gas are encroaching more quickly than expected in Cantarell, Mexico's biggest oil field, and might cause output to drop precipitously over the next few years. Currently, Cantarell produces two million barrels of oil a day, or six of every 10 barrels produced by Mexico. It is the world's second-biggest-producing field after Saudi Arabia's Ghawar.
The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008. If such projections turn out to be correct, Mexico's overall oil exports would decline by about one million barrels a day -- equal to about 63% of its daily crude exports to the U.S. -- from its current 1.8 million.
Last edited by DantesPeak on Thu Feb 09, 2006 10:32 am; edited 1 time in total
Joined: Oct 23, 2004 Posts: 5920 Location: New Jersey
Posted: Thu Feb 09, 2006 10:34 am Post subject: Re: Cantarell Oil Production to "drop precipitously&
The Wall Street Journal story appears to be related to this report (which unfortunately I can't find online): Excerpt:
Quote:
1/17/06 Latin Am. Mex. & NAFTA Rep. (Pg. Unavail. Online)
2006 WLNR 1040889 Mexico & NAFTA Report Copyright 2006 Latin American Newsletters 17 Jan 2006
THE OIL INDUSTRY: Boom to bust?
The next government will have to make some difficult decisions about the oil industry. The decline in the country's main oilfield, Cantarell, is much more rapid than had been forecast. Under current projections, in 2008, the field will be producing only a quarter of what it has been producing over the past five years.
Over the past 20 years, Cantarell has been the world's fourth biggest oil field, producing over 2m bpd. Cantarell has supplied around two-thirds of the daily production of Petroleos Mexicanos, the state-owned oil monopoly. Mexico is the world's sixth biggest oil producer. The problem is that it is producing much more oil than it is finding. Ranked by reserves, Mexico comes 14th in the world league.
The latest projection from Petroleos Mexicanos Exploracion y Produccion is that in 2008 Cantarell's production will average only 700,000bpd while in 2009 output will drop to 520,000bpd. The concern for policymakers is that if this happens, Mexico will stop being an oil exporter. Currently the country produces about 3.3m bpd and exports about 1.8m bpd.
There are major differences between experts about how much oil Mexico has. What experts do agree on is that production from Cantarell is set to plummet. The big question is whether Mexico can find new oil reserves to stop its overall production collapsing. If Mexico's overall production collapses there will be major implications for government spending. In 2005 the government enjoyed windfall oil revenues of M$100bn (US$10bn), according to Alejandro Werner, head of the planning unit at the finance ministry.
Posted: Thu Feb 09, 2006 11:21 am Post subject: Re: Cantarell Oil Production to "drop precipitously&
25% ! ! ! (as in, 75% decline by 2008) my God. that's a lot of decline.
i'm wondering if there's any info on why so precipitous a decline. have they been using water injection, unusually aggressively over-pumping, are there geographic details, e.g. an oil pool geometry that offers minimal resistance to pumping, allowing the oil to be sucked out (sort of like natural gas), a "low-impedance" oil-well.
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If this actually turns out to be correct, I will officially stop trying to figure out anything. 
