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49 comments on Arctic Oil and Gas Ultimates

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Rembrandt on March 11, 2008 - 5:56am Permalink | Subthread | Parent | Comments top

@Neven911

1) Yes it is Polar oil as referenced in the oilwatch monthly. Arctic production is currently centered around North America

2) It is considered unconventional production because most of the arctic resource that is remaining is very difficult to produce due to the harsh and extremely remote conditions. In terms of the quality of the crude it is not unconventional. It would be best to split out the Arctic resources that can be produced in a reasonable amount of time and those that cannot, but unfortunately this is not possible due to a lack of data.

Rembrandt

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Neven911 on March 11, 2008 - 6:27am Permalink | Subthread | Parent | Comments top

Rembrandt

Thanks for that clarification, 'Polar' could have meant other things (some sort of polarised molecule), maybe we should call it Arctic Oil to avoid confusion.

Has anyone considered the amount of engineering that refineries worldwide are going to require to process the increasing proportion of sulfurous sour crude. This could contribute to refined product shortages in the near term from the graphs of declining sweet crude ive seen posted here.

Neven

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