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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (93880)	11/22/2007 12:18:17 AM
From: kormac	Read Replies (1) \| Respond to of 206151

SaltPep, I think we are more or less on the same page. As you say the development of the field will take many years. I doubt that the peak production will be 2 million bbls/d. Very few fields of this size have achieved this rate in the past. There are only two today. IN thirty years Cantarell produced about 12 billion bbls and achieved a peak production just over 2 million in 2004. I was making the point that this field will not influence the world peak production at all, as it comes in at the backside of Hubbert's curve.

To: Salt'n'Peppa who wrote (93880)	11/22/2007 11:28:37 AM
From: kormac	Respond to of 206151

A peak oil output of 1 million barrels a day at the ultra-deep Tupi field in Brazil's Santos Basin is "not out of reach," the chief financial officer of state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, said Wednesday. rigzone.com