Impossible to produce ultradeep water Brasil starts pumping

[fifthcolumn]

Some naysayers said Brasil's massive Tupi field would be impossible to develop.
Turns out the pessimists were wrong.
The Tupi field started pumping oil more than a month ago.

Story is here:
http://www.rigzone.com/news/article.asp?a_id=75679

[PhilSage]

That's good news for Brazil, but inconsequential for world crude oil production.

The term massive has to be put into context. 3 Bn Boe recoverable equates to aproximately 1 months crude oil supply for the world.

[ziggy12345]

Keep an eye on how fast this resevoir peaks. Due to the depth it has higher pressure so will flow faster and therfore deplete much quicker. Secondary recovery in these deep water fields is massively expensive further reducing EROEI.

Cheers

[fifthcolumn]

That's good news for Brazil, but inconsequential for world crude oil production.

I wouldn't say it's inconsequential.

If we are able to develop and produce from ultra deep water then the effects of depletion are likely to be blunted.

If we go from 8% a year to 3% or even 1% then we get a massive amount of breathing room to mitigate.

[RGR]

[quote="ziggy12345"]

[Vortex]

I have the 3rd presentation of my work in 3 months

Have you done the UK presentation yet? (I was tempted to attend!)

[biffvernon]

Some naysayers said Brasil's massive Tupi field would be impossible to develop.
Turns out the pessimists were wrong.
The Tupi field started pumping oil more than a month ago.

Story is here:
http://www.rigzone.com/news/article.asp?a_id=75679

That was six years ago!

Here's an update, and it's not quite what fifthcolumn suggested.

The discovery of tens of billions of barrels of oil in fields far off the coast of Rio de Janeiro was billed as one of the biggest finds of this century when it was announced in 2006.

Many hoped it would deliver a bonanza for education and health and make Brazil one of world’s major economies.

But with the country’s biggest energy company, Petrobras, mired in debt and scandal, the low price of oil and the dangers of a second Deepwater Horizon, the viability of this massive undertaking has never been under more scrutiny.

http://www.theguardian.com/environment/ ... nabara-bay