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TROVE News (by 1st Subsurface)
United Kingdom
Приєднався 25 лют 2018
1st Subsurface brings you TROVE News and TROVE Databases.
TROVE News UA-cam Channel
The biggest and the best oil and gas stories from across the world.
TROVE Databases
Our UA-cam channel is made possible by the enormous amount of data collated and maintained in TROVE databases.
TROVE Oil & Gas databases cover fields, discoveries and prospects globally. We cover every offshore basin worldwide and the majority of world hydrocarbon reserves.
Save endless hours searching the internet - TROVE has organised mountains of data for you, so you find it with the click of a button. TROVE databases are available to paid subscribers.
TROVE Renewables
Covering Carbon Capture & Storage (CCS), Offshore Wind, Geothermal, Hydrogen, Wave & Tidal, Non-Hydrocarbon Gasses and Gas Storage. Visit our TROVE Renewables website: www.troverenewables.com/
Arrange a demo today at info@1stsom.com or visit our website www.1stsom.com
TROVE News UA-cam Channel
The biggest and the best oil and gas stories from across the world.
TROVE Databases
Our UA-cam channel is made possible by the enormous amount of data collated and maintained in TROVE databases.
TROVE Oil & Gas databases cover fields, discoveries and prospects globally. We cover every offshore basin worldwide and the majority of world hydrocarbon reserves.
Save endless hours searching the internet - TROVE has organised mountains of data for you, so you find it with the click of a button. TROVE databases are available to paid subscribers.
TROVE Renewables
Covering Carbon Capture & Storage (CCS), Offshore Wind, Geothermal, Hydrogen, Wave & Tidal, Non-Hydrocarbon Gasses and Gas Storage. Visit our TROVE Renewables website: www.troverenewables.com/
Arrange a demo today at info@1stsom.com or visit our website www.1stsom.com
The UK energy crisis looms large - Mini Cooper & Colin Series: 03
Continuing on the discussion Mike and Colin look at gas storage and the fragile energy system that the UK is currently in and even the possibility of blackouts in the UK while we move towards increased imports and navigate the energy transition.
All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region.
Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo:
info@1stsom.com
www.1stsom.com
All images used in the video are open source. References are provided on-screen and can be found within TROVE.
All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region.
Get in touch today to find out more about our TROVE databases - we'd be happy to arrange a demo:
info@1stsom.com
www.1stsom.com
All images used in the video are open source. References are provided on-screen and can be found within TROVE.
Переглядів: 253
Відео
Imports are NOT the Answer! - Cooper and Colin Mini Series: 02
Переглядів 47016 годин тому
In this series Mike Cooper and Colin Percival will be covering many subjects in short video segments - today discussing the problem with importing gas and how stopping UK production of gas and moving heavy industries abroad actually has a net negative climate impact while allowing claims of UK emission savings. ua-cam.com/video/xhL4DEX1mRI/v-deo.html - The Majnoon field All of the information i...
Cooper and Colin Shorts 01 - Extended Reach Drilling
Переглядів 172День тому
In this series Mike Cooper and Colin Percival will be covering many subjects in short video segments - today discussing extended reach drilling, an engineering feat now common practice! The case study is from South Dorset in England - the Wytch Farm oilfield. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working anywhere in the wo...
Anomalous pressures could lead to blowouts. The dangers of wildcat drilling.
Переглядів 230День тому
Anomalous pressures while drilling a well can cause well control issues and ultimately lead to a blowout at the drilling rig. In this short video we hope to explain why anomalously high pressure (also known as overpressure) occurs naturally. In encountering a long hydrocarbon column can lead to much higher pressures than are normally experienced at such shallow depths. The drilling community un...
New country growth opportunities using TROVE
Переглядів 51121 день тому
In this case study, carried out for a client, we demonstrate how TROVE screens growth opportunities you may be considering for new country entry - in this example - Libya & Tunisia. We demonstrate the power of TROVE for such screening exercises. In addition, we describe the super giant Hassi Messaoud oilfield in Algeria - a very interesting case study - a super giant field but very low reservoi...
A single oilfield capable of producing more oil than the entire UK - and you've never heard of it!
Переглядів 1,1 тис.Місяць тому
Whilst successive UK governments seem laser-focused (sic) on ruining the remaining UK oil and gas production in the North Sea and West of Britain. The UK still have huge demand for oil and gas - and this will mean importing. All imported oil has higher carbon emissions due to the transportation overhead. We argue it's far better to produce indigenous oil and gas, particularly where there is exi...
Indonesia to double its oil and gas production! - 1H 2024 update.
Переглядів 657Місяць тому
Indonesia boasted the two largest deepwater discoveries of 2023 (Layaran and Geng North) from two different basins. Indonesia aims to reach1 million barrels of oil per day (mmbopd) and 12 billion standard cubic feet of gas per day (Bcfpd) - up from ~0.6 mmbopd and ~6 Bcfpd - essentially doubling its oil and gas production. In this video we give an update on the Andaman Sea - Gayo (Harbour Energ...
Trebling reserves by redeveloping an abandoned oilfield - How Donan became Dumbarton!
Переглядів 552Місяць тому
The story of a successful North Sea redevelopment where the second development produced more than the original! This is the story of how Donan became Dumbarton as told by Mike Cooper who was subsurface manager at the time of the appraisal and development of the Dumbarton re-development. Mike talks about the field history, key wells and discussions & decisions which led to this successful redeve...
Q1 2024 - Guyana-Suriname-Brazil Update! Oil continues to flow...
Переглядів 12 тис.Місяць тому
We provide another update for the exciting discoveries, fields coming on-stream, international disputes and sanction resolutions. Its all happening in Latin America North in Q1 of 2024! In Trinidad & Tobago we have the Cypre gas discovery (BP & Repsol) and Dragon field development progressing (Shell). Guyana has more FPSO progress and continues to increase production along with more discoveries...
General Election Special 2024 - Can the UK Oil & Gas Industry Avoid Disaster?
Переглядів 823Місяць тому
Can the UK Oil & Gas Industry Avoid Disaster? What will the potential impacts of the 2024 UK general election be for the industry? Mike Cooper gives his comments and insight on the future of UK oil and gas and how a new government will effect the industry... All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies worldwide. Get in touch tod...
Review of gas reserves & production 2024. How much gas is left globally? Who are the producers?
Переглядів 638Місяць тому
From the recently published Energy Institute Statistical Review of World Energy we look at global remaining gas reserves by geographical region and the historical gas production up until 2023. Watch to learn who are the winners and losers? We comment on the countries with the largest gas reserves, Qatar, Iran, Russia, USA and Turkmenistan and who the largest gas producers are. Regions are broke...
The facts behind the headlines! 2024 global oil reserves & production - our analysis
Переглядів 8262 місяці тому
Yesterday the Energy Institute published its Statistical Review of World Energy presenting the first time full global energy data for 2023. We conducted some analysis on the oil reserves and oil production data within this on the day of release (yesterday!) and is very well worth a watch. We highlight some of the outliers including the Canadian Tar Sands & Orinoco Belt and the fracking phenomen...
Eastern Mediterranean Oil and Gas Update 2024 so far! Egypt. Cyprus. Israel. Turkey. Greece.
Переглядів 6502 місяці тому
All major oil and gas news in this Eastern Mediterranean from late 2023 to June 2024. There's Egypt with discoveries (Mina West & Khufu) and new fields (East Damanhur), bidding rounds and black-outs, Cyprus with stalling developments amidst more discoveries (Cronos-2), Israel attempting to develop discoveries and Turkey involved in exploration drilling (Akseki-1). Greece is also attempting the ...
New Oil and Gas across the Mediterranean, Middle East & Africa
Переглядів 1,2 тис.2 місяці тому
In this video we give a quick overview of some of the recent most significant oil and gas activity across the MMEA (Mediterranean, Middle East & Africa) regions. Mike was invited to present this at a recent MMEA scout meeting. All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch today to find out more...
Oil and Gas Hotspot - India's East Coast - what TROVE South Asia has to offer!!
Переглядів 1,5 тис.3 місяці тому
This video gives a rapid overview of India's East coast oil and gas sector as shown from this insight into our TROVE South Asia database! - get in touch for a FREE three month trial, email info@1stsom.com for details. 04:39 - FREE TRIAL DETAILS All of the information in this video can be found in TROVE databases. TROVE is a 'must have' for E&P companies working in this region. Get in touch toda...
The most exciting Oil & Gas drilling in 2024 - Wells to watch
Переглядів 2,4 тис.3 місяці тому
The most exciting Oil & Gas drilling in 2024 - Wells to watch
THE 3rd Tranche UKCS 33rd Round Licence Round Awards
Переглядів 3343 місяці тому
THE 3rd Tranche UKCS 33rd Round Licence Round Awards
IMPOSSIBLE Oilfield Data?? Midway Sunset - California's GIANT Field
Переглядів 1,1 тис.3 місяці тому
IMPOSSIBLE Oilfield Data?? Midway Sunset - California's GIANT Field
The UK's New BIGGEST Oil & Gas Company - $1 BILLION Merger!
Переглядів 7554 місяці тому
The UK's New BIGGEST Oil & Gas Company - $1 BILLION Merger!
South Atlantic - The HOTTEST areas for oil & gas!
Переглядів 3,4 тис.4 місяці тому
South Atlantic - The HOTTEST areas for oil & gas!
Trinidad & Tobago Shallow Water Licence Round 2023/2024
Переглядів 5314 місяці тому
Trinidad & Tobago Shallow Water Licence Round 2023/2024
Discoveries, Deals and Politics - Mike's Musings (part 2)
Переглядів 4584 місяці тому
Discoveries, Deals and Politics - Mike's Musings (part 2)
Huge Potential in the Barents Sea (+FREE Data)
Переглядів 5295 місяців тому
Huge Potential in the Barents Sea ( FREE Data)
Mega Merger Moves Nowhere - Mike's Musings (part 1)
Переглядів 6485 місяців тому
Mega Merger Moves Nowhere - Mike's Musings (part 1)
Licence awards in the world's most prolific new basin - Guyana update
Переглядів 7635 місяців тому
Licence awards in the world's most prolific new basin - Guyana update
LATEST Oil & Gas NEWS - Q1 2024 Subscriber Update
Переглядів 9155 місяців тому
LATEST Oil & Gas NEWS - Q1 2024 Subscriber Update
SANGOMAR - Senegal's FIRST Oilfield
Переглядів 2,1 тис.6 місяців тому
SANGOMAR - Senegal's FIRST Oilfield
The World's FIRST Ever Oil Well - Where was it??
Переглядів 1,6 тис.6 місяців тому
The World's FIRST Ever Oil Well - Where was it??
We need carbon dioxide in the atmosphere to enable plant life and crops to flourish and feed us, the present levels are not much above the levels that allow any plant life at all.
Sooper Cooper surely?
Don’t need it in bass strait Victoria, there’s plenty of gas government just needs to stop sending %80 overseas for nothing 🤔
I challenge any seismic company management to swim beside the Seismic blast💥🤪because they expect the marine life to do the same?
In my view cancelling UK oil & gas licences whilst having to still import O &G is a treasonous act by Labour...
Seismic blasting had a big impact on the rock lobster industry in the early 2000s big qouta cuts millions gone from fishermen in bass strait Victoria 😡
Does this count ? parexresources.com/wp-content/uploads/2024/05/PXT-Foothills-Analyst-Presentation-April-2024-Presentation-Version-FINAL.pdf
Excellent presentation, many thanks for sending it to us. A quick 100mph peak at the slides suggests there is a trend of discoveries which is being followed. I'm a fan of "trendology"! Looking at the complexity of the geology it is clear every exploratory well in this overthrust play has an element of "wildcatting" about it. Not sure where I would draw the line between wildcatting and an established play trend. Good luck to Parex in drilling up these plays. We have recently completed a major update to our TROVE Colombia database and we have analogues from other thrust plays around the globe. I think there will need to be a few penetrations before we understand what's happening in this region. Good luck!
Nicely explained Sir!
Too kind Colin. Many thanks. This is a subject I really think needs to be well understood. Obviously the drillers, geoscientists et al know this well - but it helps non-technical folk in the O&G industry to understand why there is so much cost and planning required when venturing into wildcat areas.
Let's hope the Russians help those countries realise their wealth and not the grubby hands of the West!!
In the ideal world I believe all should be able to participate in a licence round without prejudice Peter. Where a nation wants to see their economy boosted, they will require a large capital injection and technologies from across the spectrum. When it comes to hand cleanliness - perhaps there is good and bad everywhere.
Please cover a video on Bay of Bengal Natural Gas potential
Do you have data you can share? Happy to promote the area but need the maps, images etc to make the video. Perhaps you can post hyperlinks to data sources. Many thanks for your help.
How about the largest wells found in the East med south west of Crete GREECE! One of the two wells, says exxonmobil, is of such a size that a second giant American company, Chevron, is needed to join the game given that these deposits, which (based on the findings) are the largest in the Eastern Mediterranean...
Thanks Dimitri. I assume you meant Cyprus. We have a number of videos on our channel which mention the sizeable finds south west of Cyprus. There has not been a lot published in the public domain on these wildcats drilled by majors & Turkey. If you have any great sources we can use we will do a follow up video on this exciting province. We are not aware of much prospectivity SW of Crete, but happy to do a video of anything we get sent from that region. We always acknowledge contributors (unless they wish to remain anonymous).
Seems like Total is not going ahead with the brulpadda block as it is deemed too difficult. I am not surprised and think they will rather try the orange basin.
Low hanging fruit first. The operational environment in the Paddavisse basin area is very challenging. if the resource size is big enough there are opportunities for the future. With the huge gas reserves in Mozambique & Tanzania (as well as Namibia) there are lots of options for South Africa, including LNG.
I like your videos but you seem brainwashed and paranoid about carbon and CO2. Humans cannot control climate change. Break free of the fear mongering and propaganda.
Personally, I am not paranoid about the carbon emissions issues - but many politicians (and therefore regulators) are. And the general public are scared, confused or both. We are considering doing a number of videos looking at the climate change debate. As geologists we have some knowledge of 4,600 million years of climate evolution, not just the last century as is the myopic focus of so many. One thing is for sure, we need to understand the science and not be swayed by the emotions in this very heated (sic) debate. Watch this space......
Did you get the chance to speak with Patrick P. regarding Totalenergies potentially withdrawing from Block 11B/12B offshore South Africa?
I would love to interview Patrick but he's a very busy man. I think he is also a character and would be more than welcome on this channel anytime. Perhaps one of the TotalEnergies PR personnel will get in touch??
Good video, thanks a lot
You are welcome! We put out about one video a week. Please come back to our channel in future. ATB, Mike
do you have any plans to upload detailed video about russian oil fields in the future?
No imminent plans but can do. Our TROVE database covers all the major Russian oilfields. Do you have any in mind? Some amazing geology in some of the super giants.
Brazil still import some gas
No surprise. Such a huge country with a huge coastline. Taking gas to remote regions makes more sense than an internal transmission system. Thanks for pointing this out.
impressive !
Many thanks. We are looking to identify oilfields or gas fields which really make a difference. We are trying to expose groundbreaking discoveries which will inspire exploration geoscientists to consider very new play concepts. We have one such field in mind, an unconventional-type development offshore which is also a frozen HC migration front. This play could work in other geologic basins. Video should be out in next couple of weeks..... ATB, Mike
🦞Seismic blasting kills the recruitment up 1’2kms from blast that goes off every 10 seconds 24 hours a day for months on end 🐙🐳🦀🐟🦞🐢🐬🦑
Were I a fish and heard seismic "blasting" nearby, I would swim away. Precautions are taken by the seismic industry. Perhaps we should inform viewers with a video....... What about river pollution, detonating ordinance, commercial shipping and other users of the seas. I imagine wind turbines, tidal schemes and wave projects give off constant 'noise'. Worth investigating???
To bad for up Welling or know as recruitment🐟🐢🐬🦀🐳🦞🐙🦑
Seismic blasting kill recruitment up to 1’2 kms from blast mate
Seismic did have an impact on the rock lobsters, only have to look back at the history of lobsters catch per pot lift in bass strait Victoria,
I would be interested to see the data. Can we can rule out overfishing, population collapse due to disease etc, climate change and any and every other environmental factor? Or has the 'jury' heard all the evidence and come to a reasoned assessment of where the blame should rest?
GOR in 1900~1930 goes from low of 200 to 500 scf/bbl, all too high for the shallow 1,000ft depth to be dissolved, so there are lots of gas in the gas top that is producing. So, they must have depleted the reservoir pressure earlier by drilling to the gas top part. They should have drilled deeper to the oil ring to get most oil out first.
I know there is a more complex production history at Midway Sunset than we were able to cover in a short video. Hopefully our video is a useful introduction and interested parties can delve deeper (sic).
Maybe the big boys know a little bit more about the Geology than you do. Also, sometimes bids on blocks are not for the purposes of finding HC 😉
I'm absolutely convinced the big boys know more geology than I do. That's not really the point. This channel is intended for a wider audience than technical experts in the "big boys" As for bids in O&G licensing rounds other than for O&G exploration - you've got me there......
@TROVE-1stSubsurface a lot of the majors are looking at things like carbon sequestration, for example. Some of those sort of bids might be to comply with agreements with government regulators maybe. Or another possibility may be that there is a plan to build some fixed infrastructure (as opposed to floating). Been a lot of wells drilled on the shelf in Guyana with limited success.
lots of the gas reservoirs in this and south China sea have lots of CO2
A challenge for production. CCUS IS SURELY THE SOLUTION - if the economics work!!
CCUS & EOR is definitely on the rise also
WOW CHEERS INDONESIA
HI RICHARD. There will be lots of follow up videos - these quarterly summaries are proving to be very popular. Please share the link with your friends and colleagues
Great video - hope for more discoveries
Thanks. There will be lots of follow up videos - these quarterly summaries are proving to be very popular. Please share the link with your friends and colleagues
First in North America was 1 year earlier in Oil Springs, Ontario Canada in 1858. The place, originally called Black Creek, became the site of North America's first commercial oil well when asphalt producer James Miller Williams set out to dig a water well in September 1858 and found free oil instead.
Great add. Thanks - will help future researchers ensure it's not overlooked.
10 days since releasing this video and today we had our 10,900th viewer. When you consider how niche our subject matter is, we are reaching corners of the international energy sector few others can reach. We thanks our 5270+ channel subscribers for your continued support of our channel. Many more videos in the pipeline. Watch this space........ ATB, Mike
Is a video about Gryphon (operated by Maersk Oil too) worthwhile, showing how the sand injectites were modelled, the 4D response observed and even a bit about the FPSO going off station? I worked on the GP3 fields for several years with Maersk and was heavily involved in the Balloch development as WRFM manager. Happy days! Your video brought back some good memories.
Thanks for your note Doug. Gryphon is another field close to my heart as I was subsurface manager for the field in the Kerr-McGee days and TCM rep for Harding (which I later worked on at Taqa). There's a lot to show at Gryphon and the injectites and their imaging will certainly be of interest to the viewers. We will add it to our list - we have numerous videos at various stages of readiness, so it maybe some time........ ATB, Mike
South African Northern Cape has major methane escaping from the soil close to the Namibian border 150 km from the coastline. This could be a oilfield, and hopefully we get a company that will drill in the area.
If you have any information on this I would be grateful if you could send it to info@1stsom.com. Not sure there would be enough for a video but we will be doing one on white hydrogen and other non-hydrocarbon gasses before too long. Cheers, Mike
This’s great! This material includes a board overview and the key components related to the topic. I’v got a better knowledge about it that’s for sure. Thank you.
Thanks June. As mentioned in my previous answer, we will be making a video on exploring for natural hydrogen. Some interesting work going on around the planet - so if anyone wants their projects included, please send information to info@1stsom.com. ATB, Mike
@@TROVE-1stSubsurface Great! I’m looking forward to watching it. Thanks!
Great insights, thanks for sharing.
It was a fantastic project to work on and a massive success. I am very proud of this work and a great team of people who all pulled together to make it happen.
Mike - in a situation where you have polarity change which you illustrated (i,e. hard kick for water, sift kick for oil) good idea to create a cosine phase attribute volume (this gets rid of the polarity flip) pick on that and do amplitude/attribute analysis n the reflectivity volumes. I used this this on Everest Forties gas field which also has a polarity flip
Thanks Alan. We had some expert geophysicists on the team (including Simon, Ian, Russell, Kevin & Paul) as well as the renowned expert Jon ffrench who was with our JV partner. They did all sorts of clever things to map the hydrocarbon-bearing sands. In this video I am purposely trying to simplify the explanation so more viewers might understand the issue and the implications. Glad you didn't pelt me for the simple explainer.
Thanks Alan, I hope Mike's response explains we were trying to simplify the story. Hopefully it's not too wrong!
good content, before shale boom, Permian conventional field also have been trying to get 2X oil from the so called "Residual Oil Zones", and lots of horizontal wells were added
I think there is huge potential in abandoned fields which have had years or in some cases, decades, to depressurise, re-saturate and re-equilibrate. We have workflows for undertaking such studies and are working a redevelopment which should be capable of delivering another 80 million barrels of oil. Would you be so kind as to point me to any papers on successful Permian field re-developments. I would be interested in understanding how these worked.
that should say re-pressurise
@@mikecooper2093 I enjoyed this video a lot , decommissioned fields may be redeveloped by fresh folks - the one you worked on did well bit other fields have had less success - One that cold be great is Buchan which was due to be redeveloped by Jersey oil, Mohit talks a good game and his people have logical plans. Although the economics have been challenged by our new government
Ummh! I know Buchan. That's all all I'm going to say........
Trinidad and Tobago 🇹🇹
A lot happening in T&T these days........ we will have another video out featuring Trinidad in the next week or so.
Going to the global south. What is happening in South Africa with CNR Int. and Totalenergies withdrawing from its Block 11b/12b gas condensate discovery that SA was planning to use?
I can understand this might not be CNR's bag. Frontier exploration isn't really their core business. They were early pioneers in the Outeniqua Basin and farmed out to TotalEnergies. Now, the latter withdrawing - am awaiting confirmation of this - after two discoveries (Brulpadda & Leopard) and several lookalike prospects yet to be drilled suggests something is not right..... The difficult operating environment (very strong water currents, deepwater etc) may make gas finds sub-economic. Perhaps it's regulatory intransigence or lack of governmental support. Watch this space - I will see if Patrick P will give me a call to explain.....
Unbelievable amount of oil and gas found and being found in this region. I think now we will never run out of oil and gas as we transition and use less then there will be probably plenty of oil and gas left in the ground when the dust settles. I hope Guyana's people benefit just as the Norwegian people have as Guyana is set to become the richest oil producing state per capita.
The latest Energy Institute report (2024) shows oil & gas production and reserves continue to rise. Commodities are anomalies - when reserves fall, prices rise, reserves rise, prices fall, reserves fall. It's a roller coaster!! Imagine oil at $200/bbl - everywhere would have economic accumulations. Conversely, imagine $10/bbl - the world economy may well collapse.
Norway has a good politician Guyana dont.
Fully agree Mike. There is a tiny party called the SDP who have the right ideas on energy, worth looking at. Hard to believe that the party of workers (Labour-sic) is about to extinguish UK's most successful industry over the last 50 years, offshore oil & gas.
SNP latterly started to support the industry. Nicola was far from supportive. With only 8 seats, they are hardly the political voice they were a few years ago.
Like it Mike. Good commentary.
Thanks Ken. A bit depressing, but hopefully informs interested parties with facts........
Hunt and Sunak sucked money out of the Economy with higher Energy prices and the +75% Energy windfall tax; a PONZI scheme that delivered funds via stealth and a stealth austerity for all draining liquidity from the UK Economy and by channelling funds directly to the treasury, thus enabling a reversal of the NI tax hikes that Sunak instigated. NG settlement price stayed x3 time above the spot price for over a year, this may have been in 'co-operation' with OFGEM, a price that high over 2 years could not just be down to lack of storage in the UK or a War where UK still insure Russian ships carrying NG exports. It is 100% correct that there is not a Political Party in the UK that have a workable Energy Strategy, never mind keeping the Grid in service and allowing Energy contracts based on source all will remain fixed to Gas.
Thanks Vince. Oh for common sense to prevail.....
Trading Economics have UK Crude Oil Production at Jan; 601.00 BBL/D/1K and Feb; 633.00 BBL/D/1K, hardly Windfall production.
And UK production is only heading one way....
Reform is the only party that is 100% behind oil and gas companies. I suggest people vote with their hearts on this election, the Tories haven't got a chance anyway.
The latest BoP number £(95)B YoY before Brexit it was around £(10)B, Trade now £(200)B, invisibles have also shrunk and no longer close the gap. Farage is responsible for this he kicked the ball in motion and sat back - what is Reform going to reform the failed Brexit, are they going to fix the inherent problems Make England Great Again? Farage is a populist and still has command over many in the UK, there is no doubt despite a swing against Brexit many will still trust in Farage and there will be a impact to the results of the oncoming Election. Advice to stay away from anyone in the pay of Putin and Rupert is good advice, Farage will never take ownership of the failures of which there are many in the past and await in the future.
Reform seem to be supportive of business in general. And it's a popular policy. Why others want to destroy value creation is beyond me.
@@TROVE-1stSubsurface I like their attitude to business especially energy, the economy and the debt problems we have. I wish the Conservatives had been like that but they're a busted flush now. Whilst the though of Labour is not a pleasant one I've found almost everyone I've spoken to is talking about Reform including in what used to be Tory safe seats. It's shocked me but something interesting seems to be happening.
saw somewhere russian oil reserves to be 43B barrels so these datasets seem to differ who is using what sources. cannot remember exact place where it was sadly to check again.
All these graphs come from the Energy Institute Statistical Review 2024, available for free online. A Google search should hopefully confirm our graphs.......
is Guyana, that conflict zone with venezuela, counted in any reserve numbers? US companies are drilling there already looking news. EDIT: Ah looked slides again, not in those slides included.
Reserves only go up to 2020 (in the 2024 EI Statistical Review. It's not clear if and where Guyana discoveries and new reserves are included - some finds definitely post-date this publication deadline.
so if world current known oil reserves are 2000billion barrels and consumption is 100million b per day, roughly 40B per year, that leaves some 50 years of oil use.
It's a bow-wave effect and prone to revision with commodity price.
would UK replace that lost oil production with EVs and nuclear to back that? to me that seems most logical and one of few options really. norway has done as much as they can to that direction. I didnt know UK produced almost as much oil as norway and yet nobody bothers to mention it... well understandable as it is nowhere near enough UK consumption.
EVs are only a small fraction of car sales - too expensive, limited range, inconvenient to re-charge. Nuclear should be part of the future but the lead time is decades and there are limited plans being considered just now.
Interesting video - especially the news that global gas reserves are twice as much now as they were in 1980 !
Very useful video, thx
Ghawar is just a miracle, not only the size, but even the reservoir properties/quality. I feel special for just having the chance to work on this field, I believe it's the dream for every petroleum engineer to have it in their resume.
I imagine it is so rewarding to work on a major field project like Ghawar. I imagine seeing the big picture must be a challenge when the size is so enormous and there are so many wells. Nice problems to have.....
Talk about shooting ourselves in the foot, oh dear the Brits Oil and Gas policy is so bizarre it just doesn't match the reality of oil and gas use for the foreseeable future. How importing oil and gas from the 4 corners of the earth is greener than producing it locally surely is a greenwash.
Not really Mr Paul. The difference between producing locally and importing from far afield is simply transportation. It takes energy to pipe, ship, tanker etc crude oil & LNG from one part of the globe to another.
Re Russian reserves changes in early 1990's - change in methodology from very conservative Soviet reserves reporting methodologies to more western compatible reserves reporting
Thanks Alan. That makes sense. A near doubling is a big change!! Very little movement since - despite a lot of production.
@@TROVE-1stSubsurface Mike, there has been little explanation in Russia since the 1990,s but a lot of infill drilling , field extension and enhanced oil recovery, hence reserves have kept steady despite significant production which has recovered after the late 1990s. There is also still an innate conservatism in reserves reporting There is also huge tight oil potential in the Bazhenov in western Siberia, where the identified sweet spot is 700,000 km2, literally the size of Texas, the Akhimov tight sands in western Siberia and the Domanik shale in the Volga Urals basin. In terms of conventional exploration there is my personal favourite the Lena delta in Eastern Siberia which has a similar area to the Niger Delta, as some other plays
@@AlanFoumGeophysicist The video I did a couple of years ago on Saudi reserves shows how reserves are a geopolitical football. It will be when production goes into decline when we will know when reserves are running out. Thanks Alan.
Do you have any sources available for the new Egyptian licensing round ?
Hi George, thanks for your comment, no real details on the new round yet. Its referenced here though - energycapitalpower.com/north-africa-licensing-rounds-2024/