ESL Lesson 1
Oil in Our Every Day Life
ESL Lesson 2
The History of Mining
ESL Lesson 3
Economic growth
ESL Lesson 4
Delivery Systems
ESL Lesson 5
Cities and Population Movement
ESL Lesson 6
Recycling
ESL Lesson 7
Rubber
ESL Lesson 8
Farming
Future from 2010
Russia
East Siberia - Pacific Ocean (VSTO) oil pipeline
Verkhnechonskoye - the 'largest' oil and gas field found in East Siberia. Isolated, awaiting the Russian Governments implementation (construction) of the Eastern Siberia -Pacific Coast pipeline system. The cost maybe $10 billion dollars. The costs of drilling in the harsh Siberian conditions are an enormous barrier (very large problem) to development. Russia - Yurubcheno-Takhomskaya area of Evenk has 780 million tonnes of oil reserves (for tonnes multiply by 7 to get barrels). It is uncertain how much is recoverable. Isolated (very remote), awaiting the Russian Governments implementation of the Eastern Siberia -Pacific Coast pipeline system. The cost may be $10 billion dollars. The costs of drilling in the harsh Siberian conditions are an enormous barrier to development. Most of this new oil output is heading to Japan or China.
Talakan North Caucasus - oil field in Sakha-Yakutia has 124 million tonnes of oil reserves. (Yukos/Slavneft) (for tonnes multiply by 7 to get barrels). It is uncertain how much is recoverable. Isolated, awaiting the Russian Governments implementation of the Eastern Siberia -Pacific Coast pipeline system. The cost may be $10 billion dollars.
Mexico
The Chicontepec field currently (2006) produces trivial (small) amounts of oil - 20,000 barrels of oil a day. This vast field (3,800 sq km in the states of Veracruz and Puebla) holds 40% of Mexico's oil, and is ear-marked (chosen) for intensive development. Mexico's Permex oil company wants to be producing 1 million barrels a day by 2014. To achieve this huge jump in production, Mexico will need at least US$38 billion, and will need to drill 20,000 wells. Reserves are said to be 18 billion barrels of crude.
Oil field list provided by:
http://www.naturalhub.com/
www.saudiaramco.com
State owned Saudi Arabia
http://www.moo.gov.kw Kuwait Ministry of Oil
http://www.fipc.ru Russian State Oil
**(Note: DD) Doing the mathematics on decline rates the difference from 2005-2010 this includes the gains from the above projects 2006 + 790,000 / 2007 + 620,000 / 2008 + 950,000 / 2009 + 320,000 / 2010 1,660,000 bpd. The spikes in the graph by Ace show the same bumps when production starts up from new projects, but the new production is quickly erased by decline in other countries. Even with all of this new oil coming on line, by 2010 more declines than gain from new production.**
Regular Conventional Oil: Discovery & Production
Graph source: http://philhart.com/images/peak%20oil/growing_gap.gif
The amount of new discovery for new oil fields has been shrinking year by year, but we are using more oil year by year. The above graph clearly shows the downward trend. Even Exxon Mobile doesn't seem too optimistic about finding very much more oil around the planet either.
Continue to: World Oil Consumption 2006
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Oil in Our Every Day Life
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Glossary of Oil & Gas Terms
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World Crude Oil Production Forecast
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More Oil Fields will be Found
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Some Producing Oil Fields by size
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Expected Oil fields by year 2006-2010
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Future from 2010
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World Oil Consumption 2006
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OPEC Warning
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Carbon black shortages slow down mining
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