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101 comments on A few more thoughts on Saudi and HL
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101 comments on A few more thoughts on Saudi and HL
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GAIA Host Collective
Hi Memmel,
Interesting comments!
You said that the "real mid point of URR may have passed a while back in the late 1990/2000". Assuming this was in reference for KSA and assuming 1997 as a midpoint of Saudi URR, this would imply that the URR of KSA is about 165 Gb as shown by the lower red line in the chart below. The upper red line assumes that EOR actually increases recovery factor instead of just increasing the production rate temporarily.
Hans Jud thought 160 Gb was a good estimate of KSA URR
http://www.aspo-portugal.net/Articles/SA-Oilprod_field-by-field_V2.pdf
http://i129.photobucket.com/albums/p237/1ace11/4HLAll.jpg
I'm currently assuming URR=185Gb
http://i129.photobucket.com/albums/p237/1ace11/fig10r.gif
click to enlarge, - the source of the underlying chart without the red is from one of Robert Rapier's stories
You also said "We may be far more depleted then has been predicted 70% globally seems reasonable".
The summary of this report by the German based Energy Watch Group by the Guardian
http://www.guardian.co.uk/oil/story/0,,2196435,00.html
says that "the EWG study relies more on actual oil production data which, it says, are more reliable than estimates of reserves still in the ground. The group says official industry estimates put global reserves at about 1,255 gigabarrels - equivalent to 42 years' supply at current consumption rates. But it thinks the figure is only about two thirds of that." Two thirds of 1,255 Gb is 840 Gb. If about 1,100 Gb is produced to date that means almost 60% depleted globally, which is less than your 70%.
The report should be released in full, in just over an hour, from here
http://www.energywatchgroup.org/Reports.24+M5d637b1e38d.0.html
Maybe this report might have a new source/method for estimating Saudi URR!
Thanks Ace !
Yes 1997 for KSA makes sense according to what I'm saying.
And I believe the numbers your presenting from my technical discount concept. They may be a little bit high 10-30GB but
KSA is a bit problematic since a lot of fields where developed late but on the other hand when developed more advanced technology was used since they where developed later. So the numbers your presenting are close to slightly high. My estimate is I feel a good guess at the minimum.
This leaves about 30GB that needs accounted for. I think a lot of these are still ghost barrels.
The key point is no method presented to date as adequately discounted our advances in technology allowing increased extraction rate. Using a known period when reserves did not change much but technology was applied i.e the infamous dogleg indicates that the technology effect may account for 50% of the increase in production rate. The reverse is we are depleting the oil supply 50% faster today then we where say 30 years ago.
HL is actually measuring two entangled effects. Technical advances and actual depletion. The relentless technical advances hide a significant amount of depletion as we have gotten better and better at keeping the oil production high.
HL gets the peak date right but it can be off by as much as 50% on the URR estimate to the high side.
For primary and secondary recovery MRC or Christmas Tree wells aka super straws represent a maximum extraction method we really cannot do much better. The current peak is then actually a maximum in our ability to reasonably apply technology to maintain and increase extraction rates. The world peak i.e 50% of URR is in the past I'd guess we hit 50% of global URR in 2001-2002.
Thanks for the numbers Ace and I really think people should seriously consider this argument. On of its strengths is it answers the people that claim technology will save us.
It already has.