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Reply #8: Many of the holes are producing over 90% seawater [View All]

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Dogmudgeon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-28-06 06:11 AM
Response to Reply #1
8. Many of the holes are producing over 90% seawater
I don't know what the overall, field-wide figures are. I'm not sure they are available; OPEC and many of the big oil companies are deliberately fudging production and reserve figures. In Saudi Arabia, such data are state secrets; and I can't blame the oil industry for trying to prevent a panic, even if they are acting in their own self interest.

The Cantarell (Pemex -- in Mexico) is losing production so quickly, it is said to be collapsing. So that's the Big Three. And most American, Canadian, Russian/Ukrainian, and Chinese oil production is high-tech, which drops the EROEI pretty low.

2007 doesn't look like it's going to be a good year for the oil industry.

--p!
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  -2nd Largest Oil Field Drying Up Faster LSK  Dec-27-06 01:54 PM   #0 
  - I'm sure Ghawar in Saudi Arabia will not be much further behind.  roamer65   Dec-27-06 01:58 PM   #1 
  - Many of the holes are producing over 90% seawater  Pigwidgeon   Dec-28-06 06:11 AM   #8 
     - Ghawar water cut at 90% ??  IDemo   Dec-28-06 09:20 AM   #9 
        - Ghawar data is still opaque, but . . .  hatrack   Dec-28-06 09:25 AM   #10 
  - No coverage: numbers are not sexy enough for murkan public. nt  thereismore   Dec-27-06 02:06 PM   #2 
  - This should be getting someone's attention besides us!  lonestarnot   Dec-27-06 02:16 PM   #3 
  - so the shortfall would be about 4 billion barrels. no big deal right?  Caution   Dec-27-06 02:18 PM   #4 
  - ooops.  Warren Stupidity   Dec-27-06 03:40 PM   #5 
  - Per the SAIC report...  brokensymmetry   Dec-27-06 04:44 PM   #7 
  - Bush will want to drill oil in Mars now. nt  valerief   Dec-27-06 03:49 PM   #6 
 

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