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BlackCat
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Oil crisis ? Well, recently new surveys say that we (Denmark) will be selfsupplied to 2025 and since I'll be .. never mind - story is that 20 years ago it was claimed that we would run out of oil for approx 10 years ago.
Oil wells noone would dare to drill for five years ago are worth drilling now and new technology are able to suck up much more oil from current/obsolete drillings, so I guess that we have to wait to 2080-90 before it might start to hurt.
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Flubber
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With a view of the Rockies
Aug 2000 time: 22:37
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Hmm still lots of places to explore and many more to produce. There are tons and tons of fields that were abandoned when oil was 12-15 bucks that are starting to make sense re-enter. Same with the oil sands-- reserves there are estimated as being larger than Saudi Arabia's , its just a lot more expensive to produce.
As an oil exporter, Canada stands to do well economically and as someone that works in the industry, I can tell you that predictions of "running out" in my lifetime are absurd. Heck we are just STARTING to explore many of the basins with deeper water depths.
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BlackCat
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Funny thing is that when a well is declared dry, people thinks that all oil is pumepd up. That may be true for some sites, but f.ex. the wells in the nordic sea was said to be "dry" when 10 % of the oil was pumped up - new tech has changed this to 20 % wich menas that there still are lots of oil, you just have to figure out how to get it.
Oh, some may claim that the skyrocketing of oil prices will be the doom of civlisation - I don't belive that - it will only make more oilfields worth exploring. The same rise in oil prices will at the same time make other energy sources profitable, so no, our current civlisation will not die in lack of enegy.
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Flubber
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With a view of the Rockies
Aug 2000 time: 22:37
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quote: Originally posted by BlackCat
Funny thing is that when a well is declared dry, people thinks that all oil is pumepd up. That may be true for some sites, but f.ex. the wells in the nordic sea was said to be "dry" when 10 % of the oil was pumped up - new tech has changed this to 20 % wich menas that there still are lots of oil, you just have to figure out how to get it. |
yup-- it all tepends on the porosity of the sandstone in which the oil is trapped and the premiability of the oil. Early recovery is easier since most reservoris will have some overpressure which means it will flow naturally (think of a juice box that you squeeze hard before puncturing with a straw)-- But after the initial days you usually require water or gas injection to push out the oil. And even with the best planned injection schemes you often get water breakthrough ( you are pumping the water you inject as the oil has been pushed to other parts of the structure)-- A new well or a recompletion to terminate elsewhere in the structure might allow a LOT of additional production
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