The Biggest Oil Discovery In 50 years - Australian game changer edition | TigerDroppings.com
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jeff5891
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The Biggest Oil Discovery In 50 years - Australian game changer edition

quote:

Australia, a discovery has been made which could rock the world. Some are calling it the biggest discovery of oil in 50 years. Earlier this year, a company called Linc Energy announced that tests had revealed that there was a minimum of 3.5 billion barrels of oil equivalent sitting under more than 65,000 square kilometres of land that it owns in the Arckaringa Basin. But that is the minimum number. It has been projected that there could ultimately be up to 233 billion barrels of recoverable oil in the area. If that turns out to be accurate, the oil sitting under that land is worth approximately 20 trillion dollars, and it would be roughly equivalent to the total amount of oil sitting under the sands of Saudi Arabia. In essence, it would be a massive game changer.


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Do I give a frick if it's Germans? No
This post was edited on 7/25 at 3:54 pm



stout
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
How long before we declare war on them for having WOMD?


Doc Fenton
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Member since Feb 2007
51088 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition
Australia = 2nd highest wealth per capita in the world for any decently large country, mostly from mineral wealth.

Looks like it just got higher.

I fricking love Aussies.


TH03
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
quote:

and it would be roughly equivalent to the total amount of oil sitting under the sands of Saudi Arabia. In essence, it would be a massive game changer.


like the bakken was?



colorchangintiger
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
I saw it this morning. I wish there was a more credible site with a story on this besides Men's News Daily


colorchangintiger
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Dan Carlin
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition


quote:

like the bakken was?


quote:

If the 233 billion barrel figure is accurate (and some have even suggested that the true number could actually be 400 billion barrels), that would make it nearly 10 times larger than the Bakken formation, 17 times larger than the Marcellus discovery and 80 times larger than the Eagle Ford deposit down in Texas.


GeauxxxTigers23
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
I'm getting in the O&G industry. Literally everything about Australia is better than the ME.


colorchangintiger
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Dan Carlin
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition


jeff5891
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
LINK

From Australia abc


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Bunk Moreland
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
Two words. Flow rate. What is it?


Doc Fenton
LSU Fan
Member since Feb 2007
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
At one point Australia had the highest average salary for offshore oil workers in the world. Something like $160k per year or something.


GeauxxxTigers23
USA Fan
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Member since Apr 2013
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
quote:

Australia still has this guy:


Image: http://resources2.news.com.au/images/2012/09/15/1226474/864170-islamic-protest-in-sydney.jpg


So can we invade. I'm tired of fighting wars in shitholes anyway.


jeff5891
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
Not in production yet. They just discovered it


TigerStripes06
LSU Fan
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
They make triple the workers here because it costs triple to live there. It's crazy expensive and they tax the frick out of you. Something like 50%


Doc Fenton
LSU Fan
Member since Feb 2007
51088 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition
That's island prices for you.


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TH03
Notre Dame Fan
Member since Dec 2008
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
you're missing the point I was making.


thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
7550 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition
there is absolutely zero o&g infrastructure in most parts of Australia.

It will be literally 10-20 years (maybe more)before its even close to being exploited properly.



TejasHorn
Texas Fan
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re: The Biggest Oil Discovery In 50 years - Australian game changer edition
They'll be importing cheap asian labor to work these fields.


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The Mick
Towson Fan
Member since Oct 2010
25714 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition
Holy shite... I wish I was Mr Linc


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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41721 posts

re: The Biggest Oil Discovery In 50 years - Australian game changer edition
But peak oil was a decade ago


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