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Well, Oil Be Saved


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#1 SarahBell

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Posted 15 March 2012 - 08:45 AM

4000 barrels a day doesn't sound a lot but they're skint so every little helps.


http://www.rte.ie/ne...e-business.html

Edited by SarahBell, 15 March 2012 - 08:45 AM.

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#2 Lagarde's Drift

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Posted 15 March 2012 - 09:12 AM

No, this is the bit that counts:

A third party audit carried out by RPS Energy for Lansdowne indicated P50 and P10 STOIIP estimates for Barryroe of 373 MMBO and 893 MMBO, respectively. The corresponding 2C and 3C Barryroe recoverable contingent resources are 59 MMBO and 144 MMBO, respectively.


Even allowing for resources to increase over the life time of the field (as they do), it's not a lot.

What is important is the calibration of the seismic to their proven geological knowledge - they should be able to tell what else is out there, are there any monster fields? Or even lots of small ones ala current North Sea?

#3 interestrateripoff

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Posted 15 March 2012 - 09:13 AM

Are they going to build a pipe directly to Germany?
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#4 Lagarde's Drift

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Posted 15 March 2012 - 09:14 AM

Are they going to build a pipe directly to Germany?


:D

#5 trekking

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Posted 15 March 2012 - 11:27 AM

4000 barrels a day doesn't sound a lot but they're skint so every little helps.


http://www.rte.ie/ne...e-business.html

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#6 Gigantic Purple Slug

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Posted 15 March 2012 - 12:25 PM

Better than nothing.

At a time when Ireland desperately needs the work.

Maybe they'll find more, maybe not.

I see the Yanks are considering plundering the SPR to boost Owebama's election chances. Nice one.

#7 fluffy666

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Posted 15 March 2012 - 03:00 PM

Better than nothing.

At a time when Ireland desperately needs the work.

Maybe they'll find more, maybe not.

I see the Yanks are considering plundering the SPR to boost Owebama's election chances. Nice one.


Offshore Ireland on the West coast is quite interesting - you have to drill through a thick layer of basalt which makes the seismic interpretation very hard indeed. But otherwise, it has similarities to the North sea, could be some good fields under there.

#8 Bloo Loo

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Posted 15 March 2012 - 03:06 PM

No, this is the bit that counts:



Even allowing for resources to increase over the life time of the field (as they do), it's not a lot.

What is important is the calibration of the seismic to their proven geological knowledge - they should be able to tell what else is out there, are there any monster fields? Or even lots of small ones ala current North Sea?


Million Barrels of Oil...whats the second M for in MMBO?
WARNING

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country is at risk
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on a gilt or other loan secured on it





#9 Lagarde's Drift

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Posted 15 March 2012 - 03:14 PM

Million Barrels of Oil...whats the second M for in MMBO?


I have no idea, I just know that MM = million. Could it be roman numerals? M x M = 1 million?

#10 swissy_fit

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Posted 15 March 2012 - 04:04 PM

The population isn't massive, what's the daily oil requirement?
If there are any other fields they could at least become exporters not importers for a while, perhaps.

Edit : Especially if they pull their fingers out and use those massive fiord-type valleys on the West coast as batteries for renewables, they could diminish their own oil consumption while increasing production.

Edited by swissy_fit, 15 March 2012 - 04:15 PM.

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#11 Democorruptcy

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Posted 15 March 2012 - 04:18 PM

Their property developers will want it. They got everything else.
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#12 Lagarde's Drift

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Posted 15 March 2012 - 04:30 PM

Can you PFI a dam, then BTL it? I'm sure the Irish can work out a way :)

#13 Bloo Loo

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Posted 15 March 2012 - 04:31 PM

Can you PFI a dam, then BTL it? I'm sure the Irish can work out a way :)


Im sure they can PFI a dam, and never build it.
WARNING

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on a gilt or other loan secured on it





#14 Game_Over

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Posted 15 March 2012 - 06:46 PM

There was some guy with a theory that oil is formed by microbes and that it can be found everywhere

I'm beginning to think he was right

So we probably are never going to run out of oil

Not before we crack nuclear fusion anyway.

:blink:

#15 Lewis Gordon Pugh

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Posted 15 March 2012 - 06:48 PM

More oil leaking to surface pockets from the mantle where it is probably produced.




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