The Oil Drum

While I was gone Dave kindly replied to Dr Drollas' comments to my post regarding Depletion and the CGES. Since today was the day that Chevron announced the Jack prospect test result, it might be considered that this speaks more to his argument than mine. The well showed that from about 40% of the pay zone they were flowing 6,000 bd, and a second well to further define and appraise the field will be drilled next year.

Further within the considerable comment that has been provided on a number of stations was the comment that this is the "final frontier" for oil exploration. Actually it probably isn't. There are still some places further North that have not yet been fully explored, but it is getting very close to the limit of where we can afford to economically look. We are, by the geological definition of where oil is likely to be found, starting to run out of places to look for these large fields.