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re: Britain discovers 100 billion barrels of oil just south of London
Posted on 4/9/15 at 1:58 pm to Darth_Vader
Posted on 4/9/15 at 1:58 pm to Darth_Vader
Is this a conventional play or a shale play?
Got to be shale.
quote:
oil and gas deposits within the Weald Basin, which are thought to lie at between 2,500ft and 3,000ft below the ground
Got to be shale.
This post was edited on 4/9/15 at 2:02 pm
Posted on 4/9/15 at 2:01 pm to Darth_Vader
The reports of oils demise was greatly exaggerated.
Posted on 4/9/15 at 2:04 pm to GREENHEAD22
Some guy on another board claimed it's a shale source rock that's been known for decades.
Posted on 4/9/15 at 2:14 pm to Bunk Moreland
quote:
Some guy on another board claimed it's a shale source rock that's been known for decades.
Does that guy promote bitcoins?!
Posted on 4/9/15 at 2:16 pm to Revelator
and I JUST converted my truck to run on doughnut grease
Posted on 4/9/15 at 2:18 pm to Revelator
Yeah, he sounds pretty dumb.
quote:
A bit of geology: The Kimmeridge Clay is arguably the most economically important unit of rocks in the whole of Europe, being the major source rock for oil fields in the North Sea hydrocarbon province. The oil and gas accumulations of the province are considered part of a single petroleum system: the Kimmeridgian Shales Total Petroleum System (TPS). Source rocks of the Kimmeridgian Shales TPS were deposited in Late Jurassic to earliest Cretaceous time during the period of intensive exten-sion and rifting. The Kimmeridgian Shales contain typical “type II” mixed kerogen. Oil and gas generation began locally in the North Sea Graben Province by Cretaceous time and has continued in various places ever since.
If they are correct about the not needing to frac the formation it might be analogous to the Austin Chalk formation in Texas that was the hottest oil play on the planet in the 90’s. Though the AC was made of carbonate material the reservoir dynamics would be very similar: naturally fractured reservoir with a high initial production rate with a rapid decline rate yielding a relatively low recover rate. The key to economically developing was not only horizontal drilling but also accurately targeting those areas with higher concentrations of natural fractures. Though more expensive to drill hz wells would be advantageous from the standpoint of minimizing the development footprint as a result of pad drilling.
As far as costs go someone is going to have to risk a fair number of pilot holes (I'm guessing 30+) to get a handle on the economics. Cost is only one part of the economic model. Initial flow and decline rates will also play a decisive role.
Posted on 4/9/15 at 2:23 pm to kingbob
quote:
Just in time for Jeb Bush to launch Operation Enduring Freedom 2 Electric Boogaloo
Posted on 4/9/15 at 2:54 pm to YOURADHERE
quote:
Time to turn the Eiffel Tower into a drill rig.
Wrong country.
Posted on 4/9/15 at 2:56 pm to Clyde Tipton
quote:
Wrong country.
Geography has never been 'Murica's strong suit.
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