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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (1347)	8/8/2008 3:50:22 PM
From: TimF	Read Replies (1) \| Respond to of 86355

Your quote doesn't do anything to refute the idea. It points out the typical case, not the minimum. Obviously new start from scratch, leasing, permitting, exploration, rig building, drilling and pumping, is going to take a lot more than a year. But in some cases most of the work (at least measured in time the work takes) has already been done.

To: J_F_Shepard who wrote (1347)	8/8/2008 5:41:34 PM
From: Brumar89	Read Replies (1) \| Respond to of 86355

"If someone has said something about some offshore locations being able to produce new oil in less than a year, it could be someone has been told that by folks in the know." Or more likely, not in the know..... I rely on the DOE.....not the Big Oil reps.... The situation I'm talking about would be a case where particular companies have proprietary information about areas adjoining their existing lease blocks. The DOE wouldn't be privy to that. -------------------------------------------------- "I do know its possible that its true if there are newly leasable areas w/i 6-7 miles of an existing offshore CA platform (of which there are a bunch). You could definitely drill such a target from an existing platform in that time frame." In one of my recent posts I linked to a Big Oil site which detailed the time required find and bring in a well...... From:http://siliconinvestor.com/readmsg.aspx?msgid=24821058 "The process of leasing, evaluating, drilling, and developing an oil or natural gas field typically takes five to ten years. Some fields come online sooner. Others are delayed by permitting or regulatory delays or constraints in the availability of data acquisition and drilling equipment and crews. Large projects and those in deep water may require a decade or more to ramp up to full production." Everything above is correct. I will stress the comment about drilling from existing platforms is hypothetical. I don't know for sure if there is anything drillable from existing platforms which wasn't leased back prior the leasing ban. I do know the industries extended reach drilling ability was marginal in those days compared to now.