Saudi Arabia to boost capacity to 12.5 mb/d

RSB · Tar Sands Joined: May 13, 2008 Posts: 28

http://www.bloomberg.com/apps/news?pid=20601072&sid=aipdCDDwu6NQ&refer=energy

mgibbons19 · Light Sweet Crude Joined: Aug 20, 2004 Posts: 1034

Guess we'll find out.

centralstump · Tar Sands Joined: Sep 27, 2007 Posts: 59

AirlinePilot

Sigh......

RSB,

The Saudi's have been throwing around production number increases for a while now. Other than a probable small increase last year they are still holding around 9-9.5 mb/day. They may be able to go to 12.5 but as of late it is starting to look as though it may not be possible. I personally doubt they ever go above 11, and even that is going to be a monumentally expensive struggle. They have cleaned the rest of the world of rigs to even try!

Most here would be skeptical until that number is actually flowing. They must make up for 6-8% decline in the older fields first before moving higher. I don't believe they are having the successes yet to allow it.

I hope they can do it for all our sakes, but the reality when it comes to the Saudi's, and OPEC for that matter isn't what they say or what you read over at Bloomberg. Far too many folks point to these articles and say, look! we're saved!

Nothing could be further from the truth.

RSB · Tar Sands Joined: May 13, 2008 Posts: 28

So what you're saying is that Saudi Arabia's declarations have little credibility, right? I'm fairly new to the peak oil subject, so I didn't know about that.

I'll try to find some links about that, if you have any at hand please pass them on Smile

I'm already reading the thread linked above.

rockdoc123 · Light Sweet Crude Joined: May 16, 2005 Posts: 1629

If you use the search button there is a whole very large thread dedicated to the topic.

And once again they are not talking about increasing production to that level but rather spare capacity. Theoretically they could gradually draw down on the spare capacity as a means of offsetting ongoing field declines and maintaining current production levels. The announced Saudi projects are more or less on schedule with a few months delay encountered in Khusaniyah

Cashmere · Intermediate Crude Joined: Mar 27, 2008 Posts: 978

Any country anywhere saying they will produce substantially more oil gets from me the following:

IBIWISI

(I'll believe it when I see it).
_________________
Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.

Dreamtwister · Fission Joined: Feb 06, 2006 Posts: 2011

joewp

threadbear · Expert Joined: Jan 22, 2005 Posts: 6880

threadbear · Expert Joined: Jan 22, 2005 Posts: 6880

Triffin

Production Capacity can be any number they want it to be ..
Just like the size of their reserves ..

The only number that matters is their actual production ..
No way that number grows to 12 mbpd by 2009 if ever ..

Triff ..

threadbear · Expert Joined: Jan 22, 2005 Posts: 6880

pstarr

Niagara

Use a car battery as an analogy, with the engine switched off so it's not being recharged (non "abiotic").

It contains a finite amount of energy. It will last a long time, many hours, to power your radio or interior lights. Spare capacity is like the "cranking amps" which can deliver large doses of current temporarily.

This is an insignificant number though. I can raise my "spare capacity" by cleaning the battery posts, buying heavier cables or warming the battery on a cold day. Big deal, it's the sustainable current that counts, at or near its useful output voltage (12V) that counts.

If Aramco can raise their spare capacity, good for them. But that would shorten the lives of the tired old fields even more if drawn upon.