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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: the navigator who wrote (7866)	6/15/2008 10:10:31 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 24213

Message 24677246 and next 2 posts. Leanan on June 13, 2008 - 9:36am Here's a brief Khursaniyah timeline: March 2, 2008: Oilfield faces delay RIYADH: Production at Saudi Arabia's 500,000 bpd Khursaniyah oilfield may be delayed beyond the first half of this year. "The oilfield may start pumping limited quantities in May but it will not be able to meet the announced production capacity ... since the gas plant has not been completed yet," an industry source said. April 20, 2008: Saudi Aramco Says New Oil Field, Khursaniyah, Starts Production Saudi Arabia has started production at the Khursaniyah field that will eventually pump 500,000 barrels a day, the head of state-run oil company Saudi Aramco said. May 25, 2008: Saudi Khursaniyah oilfield not pumping yet - Aramco Delays in construction of a plant to process gas produced at the oilfield have prevented the start up, Khalid al-Falih, Aramco's executive vice president of operations, told Reuters. "The gas plant is a major delay. It's really a disappointment," Falih said. "All of it will be ready in a few months." Aramco could bring on most of Khursaniyah's capacity if needed, Falih said. But gas would have to be burnt off, which Aramco wanted to avoid, he added. Today: Khursaniyah will start ``very, very soon, definitely within the next month,' Khalid A. Al-Falih, who is also an executive vice president at Saudi Aramco, said in a telephone interview today. He couldn't say when full production would be reached. Sounds to me like this "startup" is the limited production they can do without the gas plant. Given the regional demand for natural gas, I don't see them flaring it, which they would have to do to produce the oil without the gas plant. (If it's true that the gas plant isn't built. "Within the next month" fits the schedule for completing the gas plant announced in March.) [-] Sparaxis on June 13, 2008 - 10:26am I spoke with the head of the Khursaniyah project last week. He said they the delay was all "above-ground factors" (I had to smile at his choice of words), and that they were being "clobbered" by problems with material supplies, particularly steel. [-] Leanan on June 13, 2008 - 10:45am Yes, it's been reported that materials have been problem throughout the Gulf (throughout the world, even). Also labor with the needed expertise. A problem we're likely to hit in any infrastructure build-out, whether it's rigs, refineries, rail, nuclear power plants, etc. theoildrum.com == Here's another what will save us... The Cavalry is Riding to the Rescue ... at a slow walk Brazil's Tupi Production at 500,000 barrels/day in 2020 Brazil's state-run oil company Petrobras plans to have its giant Tupi oil field fully operational by 2015, with output of at least 500,000 barrels per day by 2020, a top company official said. Long-term production tests have begun at two Tupi wells and a third one will start in the coming months, Petrobras' exploration and production director, Guilherme Estrella, said late on Wednesday. Petrobras intends to drill eight more wells from 2010 on. Five of them will be producing wells. "Our estimate is that these 11 wells will cost around $1 billion ... The third well has an estimated cost of $100 million and the other ones of $60-$80 million," Estrella said on the sidelines of a seminar. reuters.com. Tupi is the Brazilian field that created such a stir about a year ago. Two other fields have been found since then, of as yet unknown size. But after 2020 (Tupi will be first, Petrobras has a $240 billion capital budget). Not much hope of a production spike, Alan