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Peak Oil World Tour

 
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Bandidoz
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Joined: 24 Nov 2005
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Location: Berks

PostPosted: Mon Jan 30, 2006 7:06 pm    Post subject: Peak Oil World Tour Reply with quote

Concept for a T-shirt / poster...... (work in progress)

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DamianB
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PostPosted: Mon Jan 30, 2006 7:45 pm    Post subject: Reply with quote

Awesome idea Smile Smile Smile
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peaky



Joined: 24 Nov 2005
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PostPosted: Tue Jan 31, 2006 2:59 pm    Post subject: Reply with quote

How did I just find this now? A superb idea. The tour date for Kuwait may need bringing forward Rolling Eyes
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Bandidoz
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Location: Berks

PostPosted: Mon Feb 20, 2006 3:15 pm    Post subject: Reply with quote

And now for the front side.....


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Bandidoz
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PostPosted: Sun Apr 09, 2006 8:26 pm    Post subject: Reply with quote

Discovery figures for 2005 (from the April 2006 ASPO newsletter)
(how significant is "offshore"?)
Quote:
695. Discovery in 2005
According to Infield Systems, offshore discovery for 2005 amounted to 4.3 Gb of oil and 23 Tcf of gas,
of which respectively 2.0 Gb and 6 Tcf were in deep water (>500m). There are few reports of significant
onshore discoveries, so probably total discovery amounted to a rounded 5 Gb. If so, six barrels were
consumed for every one found. It is called eating into capital, which is not a practice that can continue for long.

The AAPG Explorer (Jan.2006) also reports on discovery in 2005 based on the IHS database, listing no more than 33 discoveries worldwide. The tone is upbeat, as befits an explorer?s journal, but the actual numbers sum to no more than about 5 Gb for oil (of which 3 Gb are in deepwater) and 27 Tcf for gas.
Although several of the reports are less than specific, the general picture seems clear. A particularly
surprising discovery was made by San Pedro-1, which allegedly found a Palaeozoic basin off Peru that may
contain up to 1 Gboe of oil and/or gas, in what in regional terms is a most unlikely setting.

Another indicator of dwindling discovery is falling exploration. The peak of exploration drilling was in
1981 when some 11000 wildcats were drilled, but the number has declined to about 2500 last year. Even
small oilfields are highly profitable, and there is no shortage of funding for valid prospects. The problem is
that they have become ever harder to find, especially as advances in knowledge and seismic resolution have
made it easier to distinguish the valid from the flawed.

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