Prospecting for Oil
Blog interested in the field prospecting for oil in the various regions of the world
Articles
The crisis will affect Dubai Oil.. how will ?
2010-02-05 03:05:00
It could be alleged a bolt from the blue: On November 25, the Dubai government appear that it was gluttonous a standstill on debt account $60 billion. The six ages adjournment actuality approved from creditors for two flagship firms, Dubai Apple and Nakheel-its absolute acreage development arm. Nakheel has an Islamic band or sukuk, due to complete on December 14 and addition band due January 2011. Credit companies, atramentous with the developments said they would accede the plan 'a default'.Dubai, the acreage of affluence is one of the seven states in the UAE. Its acreage bang grew at a agitated pace, axle up debt but additionally architecture dream projects like the Palm shaped islands, a fresh burghal metro, the world's better tower, a beach to the admeasurement of Hong Kong, a leisure
2010-02-05 03:05:00
It could be alleged a bolt from the blue: On November 25, the Dubai government appear that it was gluttonous a standstill on debt account $60 billion. The six ages adjournment actuality approved from creditors for two flagship firms, Dubai Apple and Nakheel-its absolute acreage development arm. Nakheel has an Islamic band or sukuk, due to complete on December 14 and addition band due January 2011. Credit companies, atramentous with the developments said they would accede the plan 'a default'.Dubai, the acreage of affluence is one of the seven states in the UAE. Its acreage bang grew at a agitated pace, axle up debt but additionally architecture dream projects like the Palm shaped islands, a fresh burghal metro, the world's better tower, a beach to the admeasurement of Hong Kong, a leisure
Ways and means to detect oil
2010-02-01 11:26:00
Human knowledge of the oil back to the beginnings of the codification of history, however, are still ways to search for oil complex, and require the expenditure worthwhile, this amounted to the ways of technological development over the far away, in the survey, seismic, or magnetic or electric - by land, air and sea - and made use of computers specialized mechanism. And lead the movement of plates, and the impact of cracks and grooves and folds and reactions to the many differences in the properties of rocks, even in adjacent regions, does not mean the existence of geological structures necessarily the presence of oil in it. And all detection methods available so far can not reveal the existence of oil pools in the pores of sedimentary rocks is primary or secondary school in a certain area
2010-02-01 11:26:00
Human knowledge of the oil back to the beginnings of the codification of history, however, are still ways to search for oil complex, and require the expenditure worthwhile, this amounted to the ways of technological development over the far away, in the survey, seismic, or magnetic or electric - by land, air and sea - and made use of computers specialized mechanism. And lead the movement of plates, and the impact of cracks and grooves and folds and reactions to the many differences in the properties of rocks, even in adjacent regions, does not mean the existence of geological structures necessarily the presence of oil in it. And all detection methods available so far can not reveal the existence of oil pools in the pores of sedimentary rocks is primary or secondary school in a certain area
Prospecting for Oil
2010-01-30 07:17:00
Many of us are acquainted of the amount of oil and actual acquainted of the oil amount rise. Oil drills and oil assay float to apperception every time the oil prices go north. But are we acquainted of the action abaft the hydrocarbon extensive the surface? Here it is:It starts with a aggregation accepting licence to analyze oil in a defined breadth which could be sea, land, backwoods or ice. The aboriginal affair the aggregation strives to do is actualize a absolute account of breadth aloft and beneath the oil. So, the aboriginal footfall is survey. The aggregation may use Aerial survey: Aerial photographs and accessory pictures to get the data. Magnetic survey: authorize the force of gravity. Seismic survey: abundant assay of the basal rocks application sound. Then the assay process:Shoc
2010-01-30 07:17:00
Many of us are acquainted of the amount of oil and actual acquainted of the oil amount rise. Oil drills and oil assay float to apperception every time the oil prices go north. But are we acquainted of the action abaft the hydrocarbon extensive the surface? Here it is:It starts with a aggregation accepting licence to analyze oil in a defined breadth which could be sea, land, backwoods or ice. The aboriginal affair the aggregation strives to do is actualize a absolute account of breadth aloft and beneath the oil. So, the aboriginal footfall is survey. The aggregation may use Aerial survey: Aerial photographs and accessory pictures to get the data. Magnetic survey: authorize the force of gravity. Seismic survey: abundant assay of the basal rocks application sound. Then the assay process:Shoc
Oil recovery
2010-01-30 07:08:00
It is generally affected that best of the oil can be pumped and recovered from an oil pool. Unfortunately this is not often accessible alike with the use of accumbent wells. Oil wells accomplished in the Southern United States accept an antecedent accretion amount of 20 percent. Enhanced accretion techniques such as baptize calamity and carbon dioxide calamity are again active to abstract an added 40 percent of the oil. The absolute 40 percent of the ability is still untapped. This may assume bush until one looks at absolute cardinal of barrels of crude. American advisers in Mississippi achievement to tap into the 40 percent of which charcoal in best petroleum reservoirs afterwards use of accepted assembly techniques. What is absolutely absorbing about their analysis is the adjustment to b
2010-01-30 07:08:00
It is generally affected that best of the oil can be pumped and recovered from an oil pool. Unfortunately this is not often accessible alike with the use of accumbent wells. Oil wells accomplished in the Southern United States accept an antecedent accretion amount of 20 percent. Enhanced accretion techniques such as baptize calamity and carbon dioxide calamity are again active to abstract an added 40 percent of the oil. The absolute 40 percent of the ability is still untapped. This may assume bush until one looks at absolute cardinal of barrels of crude. American advisers in Mississippi achievement to tap into the 40 percent of which charcoal in best petroleum reservoirs afterwards use of accepted assembly techniques. What is absolutely absorbing about their analysis is the adjustment to b
Canadian Tar sands.. profitable ?
2010-01-30 06:56:00
In adjustment to ascertain whether Canadian tar bank are profitable, we charge to accept absolutely what they are. Tar bank are mixtures of artlessly occurring adobe and bitumen. Bitumen is a adhesive tar like anatomy of petroleum. However, bitumen is acutely blubbery and abounding and charge be adulterated afore it can flow. As a aftereffect it cannot be pumped anon from the arena in its accustomed state. In adjustment to abstract oil from tar sands, band mining, or accessible pit techniques are used. The tar bank charge to be acrimonious and chemically advised in adjustment to abstract the oil. Countries area tar bank are abounding accommodate Canada, Venezuela, and Eastern Utah in the United States. In actuality forty percent of Canada's oil assembly comes from tar sands.Two bags of tar
2010-01-30 06:56:00
In adjustment to ascertain whether Canadian tar bank are profitable, we charge to accept absolutely what they are. Tar bank are mixtures of artlessly occurring adobe and bitumen. Bitumen is a adhesive tar like anatomy of petroleum. However, bitumen is acutely blubbery and abounding and charge be adulterated afore it can flow. As a aftereffect it cannot be pumped anon from the arena in its accustomed state. In adjustment to abstract oil from tar sands, band mining, or accessible pit techniques are used. The tar bank charge to be acrimonious and chemically advised in adjustment to abstract the oil. Countries area tar bank are abounding accommodate Canada, Venezuela, and Eastern Utah in the United States. In actuality forty percent of Canada's oil assembly comes from tar sands.Two bags of tar
Oil Drilling - an Expensive Business
2010-01-26 18:17:00
Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling. Here's a sampler for what we are talking about from Mukluk Island: In 1983, twelve companies spent nearly $2 billion drilling for oil in the Beaufort Sea, North of Alaska. The exploration was based on oil stains found. But the well turned out to be a dry hole with no oil. Little wonder then that oil drilling is risky and expensive.According to Arizona Geological Survey, Oil drilling in Arizona costs between $400,000 to $1,000,000, depending on the depth of the hole and its location. A rig capable of drilling most exploratory holes typically costs $8,000-15,000 per day. Well then, why is drilling for oil so expensive?It is because of some of the costs involved: Payments for the contractors
2010-01-26 18:17:00
Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling. Here's a sampler for what we are talking about from Mukluk Island: In 1983, twelve companies spent nearly $2 billion drilling for oil in the Beaufort Sea, North of Alaska. The exploration was based on oil stains found. But the well turned out to be a dry hole with no oil. Little wonder then that oil drilling is risky and expensive.According to Arizona Geological Survey, Oil drilling in Arizona costs between $400,000 to $1,000,000, depending on the depth of the hole and its location. A rig capable of drilling most exploratory holes typically costs $8,000-15,000 per day. Well then, why is drilling for oil so expensive?It is because of some of the costs involved: Payments for the contractors
The case for floating oil storage
2010-01-24 20:28:00
People have been scratching their heads wondering why the price of oil has held up relatively well this year in the face of a global slowdown and decreased energy demand in the United States.A fundamentalist like myself will point to continued strong demand for oil from emerging markets like China and decreasing oil output from non-OPEC producing nations such as Russia and Mexico.But then we have the conspiracy theorists who say the only reason that oil prices are so high is due solely to huge quantities of oil being held offshore in tankers by those greedy oil companies in order to boost their profits.First of all, why would anyone want to store oil in tankers and not sell it? After all, it costs money to charter those oil supertankers.Storing oil in tankers does make sense if the price d
2010-01-24 20:28:00
People have been scratching their heads wondering why the price of oil has held up relatively well this year in the face of a global slowdown and decreased energy demand in the United States.A fundamentalist like myself will point to continued strong demand for oil from emerging markets like China and decreasing oil output from non-OPEC producing nations such as Russia and Mexico.But then we have the conspiracy theorists who say the only reason that oil prices are so high is due solely to huge quantities of oil being held offshore in tankers by those greedy oil companies in order to boost their profits.First of all, why would anyone want to store oil in tankers and not sell it? After all, it costs money to charter those oil supertankers.Storing oil in tankers does make sense if the price d
Copenhagen: Mission incomplete
2010-01-24 20:04:00
It was a stumble on the finishing line. Two years of negotiations, two weeks of which spent in hectic parleys in Copenhagen; a ten hour direct debate between world leaders-192 countries, 110 world leaders- for what? Only for the leaders and officials to hammer a three page document with no binding agreements.They had the perfect opportunity but just couldn't get their act together. What emerged from the summit as Copenhagen Accord was:A nonbinding agreement Lack of overall target for curbing the emission of greenhouse gases Provision for verifying reduction in the greenhouse gases (previously opposed by China) $30 billion emergency aid in the next three years and $100 billion a year by 2020 for developing countries (no guarantees) Developing countries to voluntarily list their mitigation t
2010-01-24 20:04:00
It was a stumble on the finishing line. Two years of negotiations, two weeks of which spent in hectic parleys in Copenhagen; a ten hour direct debate between world leaders-192 countries, 110 world leaders- for what? Only for the leaders and officials to hammer a three page document with no binding agreements.They had the perfect opportunity but just couldn't get their act together. What emerged from the summit as Copenhagen Accord was:A nonbinding agreement Lack of overall target for curbing the emission of greenhouse gases Provision for verifying reduction in the greenhouse gases (previously opposed by China) $30 billion emergency aid in the next three years and $100 billion a year by 2020 for developing countries (no guarantees) Developing countries to voluntarily list their mitigation t
Behind price oil in Iran
2010-01-24 20:01:00
When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how did it go about doing it? By a small symbolic gesture of planting the Iranian flag on a low productive oil field in Iraq.On December 17, Iranian soldiers seized an oil well in Al-Fakkah in the Maysan province, North of Basra. Al-Fakkah situated about 200 miles southeast of Baghdad is the seat of one of Iraq's largest oil fields with reserves of about 1.5 billion barrels. This region is a shared border between Iran and Iraq, claimed by both countries as theirs. The dispute, in fact, has been going on for years since the 1980s- after the end of the eight year war.Any conflict here-or just rumors of it-and the world j
2010-01-24 20:01:00
When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how did it go about doing it? By a small symbolic gesture of planting the Iranian flag on a low productive oil field in Iraq.On December 17, Iranian soldiers seized an oil well in Al-Fakkah in the Maysan province, North of Basra. Al-Fakkah situated about 200 miles southeast of Baghdad is the seat of one of Iraq's largest oil fields with reserves of about 1.5 billion barrels. This region is a shared border between Iran and Iraq, claimed by both countries as theirs. The dispute, in fact, has been going on for years since the 1980s- after the end of the eight year war.Any conflict here-or just rumors of it-and the world j
Oil price
2010-01-24 19:58:00
Cold wave has engulfed much of Europe, the US and Northern Asia. The resultant freezing temperature has led to a thirty percent surge in the demand for heating oil. With it, the heating oil prices reached a thirteen month high last week. And today, the price of oil per barrel is the highest in 15 months. For a start, indeed, the cold wave is an important reason for the high oil prices, but there is another equally important factor as well: Oil Contango.A contango is when the investor or producer puts the commodity into storage waiting for the prices to improve-before selling. Markets get into contango when the prices don't reflect the actual value of the commodity. In other words, if the investors feel that they could get better returns, say, after six months, they store the commodity inst
2010-01-24 19:58:00
Cold wave has engulfed much of Europe, the US and Northern Asia. The resultant freezing temperature has led to a thirty percent surge in the demand for heating oil. With it, the heating oil prices reached a thirteen month high last week. And today, the price of oil per barrel is the highest in 15 months. For a start, indeed, the cold wave is an important reason for the high oil prices, but there is another equally important factor as well: Oil Contango.A contango is when the investor or producer puts the commodity into storage waiting for the prices to improve-before selling. Markets get into contango when the prices don't reflect the actual value of the commodity. In other words, if the investors feel that they could get better returns, say, after six months, they store the commodity inst