<Iranians Break Open the SealsThe Oil DrumTransit-Oriented Redevelopment in New Orleans?>

35 comments on Projecting US Oil Production

Comments can no longer be added to this story.

Leanan on January 12, 2006 - 10:54am Permalink | Subthread | Parent | Comments top
Speaking of Thunder Horse...any word, even a rumor, of what the problem was?  BP is being very close-mouthed.  They said it wasn't the hurricane and it wasn't hull damage and it wasn't the computer-controlled ballast system.  Then what was it??
0
Comments can no longer be added to this story.
mcgowanjm on January 12, 2006 - 11:34am Permalink | Subthread | Parent | Comments top
BP is being very close-mouthed-

I saw a short closely cropped video flash by on CNBC/Bloomberg.

If this was TH, the superstructure cranes were crushed into the decking.  BP said earlier that TH had suffered 10% damage.

That's how I came up with the $110 million pricetag-10% plus overage.

So many intelligent oil people out there.  So little info.

Conoco's 247,000 bpd Alliance refinery is not expected to restart until December or even January

Local environmental activists were alarmed that residents were even visiting the area. EPA tests of the air in mid-September had detected unsafe levels of benzene. "People shouldn't even have been given an option to go back in," says Wilma Subra, an environmental chemist in New Iberia, La., who has served on EPA advisory committees.

0
Comments can no longer be added to this story.
PaulusP on January 12, 2006 - 4:05pm Permalink | Subthread | Parent | Comments top
My information is that Thunder Horse had technical troubles with valves of its balast system, causing it to bend over out of balance. I can provide nice photo's of it.

Another concern was that it proved difficult to secure it to its anchors in the deepwater current.

0
Comments can no longer be added to this story.
Nate Hagens on January 12, 2006 - 4:28pm Permalink | Subthread | Parent | Comments top
Whats happening with Thunderhorse is an real time example of how EROI will impact the energy world going forward. Getting deep water oil has a higher energy cost to begin with - if companies start anticipating and including higher depreciation values on machinery, downtime, transportation, hurricanes, insurance etc - at what point to the majors say 'lets make oil from coal instead of gettind it from GOM deepwater'? EROI of 5-1, 3-1? Somewhere certainly...
(translation: a repeat of 2005 hurricane season in 2006 will cause large approvals of Fischer-Tropsh plants)
0
Comments can no longer be added to this story.