| View previous topic :: View next topic |
| Author |
Message |
smiley
Fission
Joined: Apr 16, 2004
Posts: 2144
Location: Europe
|
 Posted: Thu Jun 24, 2004 7:55 am Post subject: THE Yemen Thread (merged) |
  |
|
Has Yemen peaked?link
TransGlobe Energy anounced today that they have succesfully taken a new well in production in the Tasour field in Yemen. However, according to the anouncement this well is operating with a water-cut of over 50%.
| Quote: | | placed on production at an initial rate of approximately 6,100 barrels of oil per day with 6,600 barrels of water per day, |
Production in the Tasour field started in november 2000 according to the EIA, which means that the water level in the field is rising dramatically fast.
It makes you wonder whether they are fighting an uphill battle in Yemen. Apparently the new well is only used in an attempt to offset the decline of the field.
| Quote: | | With the addition of Tasour #12 the Tasour field is producing in excess of 21,000 Bopd (approximately 2,900 Bopd to TransGlobe). It is expected that production from the Tasour field will average approximately 18,000+ Bopd (2,485 Bopd to TransGlobe) for the remainder of 2004, which is consistent with the 2004 work plan and predicted natural declines for the field |
According to BP total production from Yemen has fallen for the past two years. Hearing these kinds of stories, I think it Yemen can be safely placed in post-peak category. |
|
| Back to top |
|
 |
slick50
Tar Sands
Joined: May 05, 2004
Posts: 85
|
| Posted: Thu Jun 24, 2004 9:20 am Post subject: |
|
|
Modern extraction techniques has been holding the production line for some time now, but fields age sooner or later. As an example, horizontal drilling and heavy water driven extraction raised production rapidly in Oman's Yibal field, but it soon fell from 250,000 at its peak to 50,000 barrels per day. A concern is that much of the remaining oil has been bypassed, making it much harder, or impossible to extract at future dates.
See the Saudi Arabian Oil Miracle by Matthew Simmons. It's a very professional presentation. Also newsletter #39 from peakoil.net states that Oman's peak was 2001. Production will now decline by 4% per year.
How much longer till Ghawar suffers the same fate? |
|
| Back to top |
|
|
Ender
Heavy Crude
Joined: May 21, 2004
Posts: 158
Location: Melbourne, Australia
|
| Posted: Sat Jun 26, 2004 6:23 pm Post subject: Re: Has Yemen peaked? |
|
|
| smiley wrote: | | According to BP total production from Yemen has fallen for the past two years. Hearing these kinds of stories, I think it Yemen can be safely placed in post-peak category. |
Yes, Yemen is clearly in terminal decline. But it was never that big a producer in the first place.
A failure to lift production from 2002 -> 2003 with no other explanation strongly suggests terminal decline. Yemen also has a R/P ratio of only 4.2, meaning either its reserves are underestimated or the decline will be quite steep.
Oman and Syria are also in terminal decline: emphasising the contraction of any ability to export oil to the five Gulf States. |
|
| Back to top |
|
|
DomusAlbion
Moderator
Joined: Dec 08, 2004
Posts: 1633
Location: Nez Perce Nation
|
| Posted: Wed Jul 20, 2005 9:09 am Post subject: Yemen: Riots over Fuel Costs. 11 Dead (now 36 dead) |
|
|
Reuters
_________________
"Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett
"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock |
|
| Back to top |
|
|
Wildwell
Fission
Joined: Feb 03, 2005
Posts: 2080
Location: UK
|
|
| Back to top |
|
|
agmart
Tar Sands
Joined: Jul 20, 2005
Posts: 49
|
| Posted: Wed Jul 20, 2005 8:06 pm Post subject: Yemen |
|
|
Huge protests in Yemen
| Quote: | | Sanaa, July 20 (YT & Reuters) - Observers expect massive rallies across the country after the death of at least 15 civilians in violent demonstrations mainly in the cities Sanaa, Dhamar and Dhale’. The demonstrations were caused by anger due to the government’s decision of raising the prices of petroleum directive products between 50% and 100%. |
link
[quote]A tribal source in Mareb told RAY news that Obeida tribe has banned 11 oil tankers from leaving Mareb to other governorates. AL-Shabwan tribe of Obeidah are also occupying the Wadi district which overlooks the road in and out of Mareb. The source told the news service that there are news that the tribes are surrounding oil refineries as well.[/quote link |
|
| Back to top |
|
|
Badger
Tar Sands
Joined: Jul 19, 2005
Posts: 85
Location: New Zealand
|
| Posted: Wed Jul 20, 2005 8:19 pm Post subject: |
|
|
similiar to the unrest in China,Bolivia,Nigeria
China was about Govt land confiscation and I think Bolivia was about Gas reserves and Nigeria is a no brainer its about oil |
|
| Back to top |
|
|
bruin
Heavy Crude
Joined: Dec 09, 2004
Posts: 377
Location: CA, USA
|
| Posted: Fri Jul 22, 2005 5:37 pm Post subject: |
|
|
| Look out, this could be our future too. Yemen unemployment is in the 30% range. A gallion of gas costs $8 now. Riots everywhere. |
|
| Back to top |
|
|
BabyPeanut
Fusion
Joined: Aug 17, 2004
Posts: 3541
Location: 39° 39' N 77° 77' W or thereabouts
|
|
| Back to top |
|
|
BabyPeanut
Fusion
Joined: Aug 17, 2004
Posts: 3541
Location: 39° 39' N 77° 77' W or thereabouts
|
| Posted: Fri Jul 22, 2005 11:16 pm Post subject: |
|
|
http://www9.sbs.com.au/theworldnews/region.php?id=116572®ion=5
| Quote: | The Yemeni cabinet announced late Tuesday it had decided to remove subsidies on fuel, nearly doubling petrol prices.
"The cabinet has reached a conclusion... To continue subsidising fuel products consumed locally would lead eventually to an increase in budget deficit... and put pressure on exchange rate and prices," a cabinet statement said. |
Can't they just buy all their stuff from China? Oh wait... |
|
| Back to top |
|
|
savethehumans
Light Sweet Crude
Joined: Oct 20, 2004
Posts: 1541
|
| Posted: Sat Jul 23, 2005 1:15 am Post subject: |
|
|
The future is now. . . .  |
|
| Back to top |
|
|
BabyPeanut
Fusion
Joined: Aug 17, 2004
Posts: 3541
Location: 39° 39' N 77° 77' W or thereabouts
|
| Posted: Sat Jul 23, 2005 10:24 am Post subject: |
|
|
There have been fuel riots in Nigera and Iraq in 2003. Yemen is uncomfortablly close to Saudi Arabia though.
Gulf Times (link) | Quote: | | The Yemeni cabinet announced late Tuesday it had decided to remove subsidies on fuel, nearly doubling petrol prices from 35 riyals (32 cents) a litre to 65 while diesel jumped from 17 riyals to 45. |
35:32 is 65:59.42 so about 59 cents a litre or $2.25 a gallon.
Where did "bruin" get the $8 gallon figure from? |
|
| Back to top |
|
|
DomusAlbion
Moderator
Joined: Dec 08, 2004
Posts: 1633
Location: Nez Perce Nation
|
| Posted: Sat Jul 23, 2005 10:31 am Post subject: |
|
|
And many here on PO.COM think there can be a gradual and peaceful transition.
I don't see how that will happen. 
_________________
"Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett
"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock |
|
| Back to top |
|
|
MonteQuest
Elite
Joined: Sep 06, 2004
Posts: 13460
Location: Sedona, Arizona
|
| Posted: Sat Jul 23, 2005 10:37 am Post subject: |
|
|
| Quote: | | "What happened today was a spontaneous reaction by the people who feel targeted in their livelihood..." |
_________________
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
Live in Arizona? Check out: http://sustainablearizona.org and read my blog. |
|
| Back to top |
|
|
VinceG
Heavy Crude
Joined: Jul 12, 2005
Posts: 249
Location: The Netherlands
|
| Posted: Sat Jul 23, 2005 10:53 am Post subject: |
|
|
Well, the only 'positive' effect of these riots is that PO finally gets the attention in main stream media it deserves...
You have to wonder though if major riots would break out in European or American cities if companies and/or governments decided to increase gasonline prices with 80%-100% in an instance...
_________________
"In the U.S., fears are so exaggerated and out of control that anxiety is the number-one mental health problem in the country.", Barry Glassner |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
