Tuesday, January 27, 2009

Another 10 Billion Barrels in Brazil



An Exxon/Hess/Petrobras consortium may have found another 10 billion barrels. Yawn...this IS getting old: Exxon, Hess Oil Field May Hold 10 Billion Barrels, Estado Says (Hat tip: Ghawar Guzzler).

Jan. 25 (Bloomberg) -- Exxon Mobil Corp., Hess Corp. and Petroleo Brasileiro SA’s BM-S-22 offshore block in Brazil’s so- called pre-salt area may hold as much as 10 billion barrels of oil, O Estado de S. Paulo reported, without saying where it got the information.

The block operated by Exxon Mobil in Brazil’s Santos Basin may have more potential than the nearby Tupi field, which contains as much as 8 billion barrels, the newspaper said, citing unidentified people with access to results of some studies.

If confirmed, Exxon Mobil could become the operator of the biggest oil reserve in Brazil, the newspaper said. Based on crude prices around $40 a barrel, the oil may be worth as much as $400 billion, Estado said.

5 comments:

Raptor Lewis said...

Now I know I why your called "Oil is Mastery." LOL!!

BTW, If your follow PaleoQuest, then why don't I ever see you on there. I mean, you never leave a comment. For some reason, it seems you took a quick look at PaleoQuest and clicked "Follow" in the followers section. What's so appealing about PaleoQuest?

OilIsMastery said...

Well as a matter of fact I read your blog this morning. I haven't commented and didn't comment on the T-Rex name post because I'm not an expert on dinosaurs. So I read your blog to help paint the picture of our geological past which is my interest -- geological etiology.

Anaconda said...

HUGE DEPOSITS BELOW THE SALT LAYER -- ABIOTIC OIL WRITTEN ALL OVER IT

Another huge oil deposit below the salt layer. No, the salt layer was not deposited by evaporation, but rather through supercritical water processes.

By the way, numerous abiotic oil processes have been identified since professor Gold wrote his book.

There simply is NO "fossil" theory explanation for huge oil deposits below the salt layer.

Talk has turned away from origins of oil to, "How do we get the oil out for as cheap as possible."

There is a reason for this turn of discussion.

Serious oil men don't dispute Abiotic Oil theory.

Anaconda said...

HERE IS THE 'COURSE' ON PRE-SALT PETROLEUM GEOLOGY

Universidade Fernando Pessoa

Porto, Portugal

Salt Tectonics Short Course
(oil) Traps associated with Salt


Review the 'course', scroll down the initial page and see the different salt formations.

Explore the whole 'course'.

If you want to understand pre-salt oil deposits this document will greatly assist in that endeavor.

Oil is abiotic, but you won't hear that mentioned in the oil industry. These days, you won't hear anything, but how to get the oil out as fast and cheaply as possible.

Hey, that's a good thing.

Here is a technical discussion of pre-salt oil. Kinda goes with the visual course set out above:

Despite new technologies, critical subsalt challenges remain, January 2009(OffShore) -- "Once the bane of offshore exploration, the subsalt has turned the other cheek, albeit grudgingly, and has emerged as one of the most fertile drilling theaters in the world."

"Despite announcements of world-class discoveries ostensibly coming one after another, the massive subsalt plays in the deep and ultra deep waters of the Gulf of Mexico, Brazil, and elsewhere remain somewhat enigmatic with a host of technical challenges one British executive likened to “putting somebody on the moon.”

You'll read a lot about technical aspects of pre-salt oil exploration & production.

But one thing you won't see hide nor hair of, and that's discussion of the origin of the pre-salt oil.

Of course, there is no obligation to discuss the oil's origin and one can argue it isn't germane to the technical side of exploration & production, but one would think that issue might come up at least once in the course of a seven page article.

But as the old timers said (after retirement), "Nobody ever thought there was oil below the salt barrier. That's why it was labelled the abyssal salt layer on the old seismic maps."

That's because "fossil" theory never predicted oil below the salt layer.

Now, it turns out this is where the biggest new discoveries are taking place, all over the world.

Oil?

It's abiotic, alright.

Anaconda said...

TO UNDERSTAND BRAZIL'S PRESALT OIL ONE MUST UNDERSTAND THE HOW THE SALT GOT THERE

A Novel Hydrothermal Salt Theory and its Application to Understanding Deep-Water Salt Accumulations and Piercement Structures

And:

The Hydrothermal Salt Theory

The author of these two links, Martin Hovland is an oil geologist.

No, there was no organic detritus that was deposited before the salt.

Rather, the salt was deposited as described above and then oil rose from depth and was trapped below the salt.

Think about it: oil below 7,000 feet+ of water, then below the bottom of the sea 20,000 feet+ and below a kilometer+ of salt.

Yes, tell me that fits the "fossil" theory.