Britain to open a new North Sea?

Vortex · Post by **Vortex** » 29 Nov 2009, 12:46

jonny2mad wrote:well if theres oil there and the world goes into peak oil where theres shortages we may well have falklands war 2.

More likely the Argentines will have an (armed) sulk and we will end up splitting the oil 50-50.

Totally_Baffled · Post by **Totally_Baffled** » 29 Nov 2009, 12:55

Vortex wrote:
jonny2mad wrote:well if theres oil there and the world goes into peak oil where theres shortages we may well have falklands war 2.
More likely the Argentines will have an (armed) sulk and we will end up splitting the oil 50-50.

Really?

I doubt the argentines have the capability to threaten the UK militarily anymore.

With a permenant submarine presence,Typhoons, and British army garrison, I doubt such an invasion would be very attractive again!

Vortex · Post by **Vortex** » 29 Nov 2009, 18:25

They on;y have to threaten a few oil tankers - no invasion needed.

Totally_Baffled · Post by **Totally_Baffled** » 29 Nov 2009, 18:31

Vortex wrote:They on;y have to threaten a few oil tankers - no invasion needed.

With typhoons (anti aircraft and anti ship) and submarines (anti ship) floating about!?

Let alone anything else that is stationed in there in anticipation (harriers, destroyers, early warning radar, SAM's etc etc etc)

I dont think so!!

Cabrone · Post by **Cabrone** » 29 Nov 2009, 21:16

Just can't see the Argentines getting into another military confrontation for 3 reasons.

1. They haven't the heart for another war. They did it once and it hurt.

2. They don't have the capability to take on Typhoons and nuclear subs.

3. If the Falklands yields a lot of oil then the chances must be very good that they will also have a fair amount within their boundaries. I think the Chinese will be sniffing around the area in joint campaigns with the Argentines. If I remember correctly drilling will commence on the Argentine patch next year too.

Cabrone · Post by **Cabrone** » 02 Dec 2009, 10:10

From the Currant Bun......

Falkland oilands

Bandidoz · Post by **Bandidoz** » 02 Dec 2009, 14:49

The Sun wrote:But the damp, distant territory largely given over to sheep farming has now been dubbed Baa-rain after scientists estimated that up to 60 BILLION barrels of oil lie beneath its coastal waters.

Hmmm, not sure just how believable that figure is....

welshgreen · Post by **welshgreen** » 02 Dec 2009, 19:20

60 billion was quoted in a few papers I flicked through today.

Totally_Baffled · Post by **Totally_Baffled** » 02 Dec 2009, 19:40

What we need is there to be massive reserves but a relatively slow extraction rate (500,000 bpd)

That way we have a base level of oil production to avoid doom, but not enough to avoid an agenda of greening up our energy infrastructure!

Quintus · Post by **Quintus** » 02 Dec 2009, 20:45

welshgreen wrote:60 billion was quoted in a few papers I flicked through today.

Totally_Baffled wrote:What we need is there to be massive reserves but a relatively slow extraction rate (500,000 bpd)

That way we have a base level of oil production to avoid doom, but not enough to avoid an agenda of greening up our energy infrastructure!

60 billion extracted at 500,000 bpd = 329 years.

fifthcolumn · Post by **fifthcolumn** » 02 Dec 2009, 21:56

Totally_Baffled wrote:What we need is there to be massive reserves but a relatively slow extraction rate (500,000 bpd)

That way we have a base level of oil production to avoid doom, but not enough to avoid an agenda of greening up our energy infrastructure!

They might be able to get it up to 5 million barrels per day but doubtful they could go higher.

Most likely if the oil is there it will be 2.

Enough to save *our* bacon but not enough to affect peak for the rest of the world.

fifthcolumn · Post by **fifthcolumn** » 02 Dec 2009, 21:58

Bandidoz wrote:
The Sun wrote:But the damp, distant territory largely given over to sheep farming has now been dubbed Baa-rain after scientists estimated that up to 60 BILLION barrels of oil lie beneath its coastal waters.
Hmmm, not sure just how believable that figure is....

There is 5 billion probable in the North Basin and 60 billion probable in the South Basin.

Recoverable is between 10 to 30% so that gives about 6 to about 20 billion recoverable.

Assuming the oil is there.

bigjim · Post by **bigjim** » 02 Dec 2009, 23:32

No-one has mentioned the possibility of the Falklands declaring independence! They'll be able to out-Dubai Dubai and still not go bust.

fifthcolumn · Post by **fifthcolumn** » 02 Dec 2009, 23:45

bigjim wrote:No-one has mentioned the possibility of the Falklands declaring independence! They'll be able to out-Dubai Dubai and still not go bust.

If they declare independence, who will protect them if the Argentines decide to invade them?

RenewableCandy · Post by **RenewableCandy** » 03 Dec 2009, 00:33

fifthcolumn wrote:
bigjim wrote:No-one has mentioned the possibility of the Falklands declaring independence! They'll be able to out-Dubai Dubai and still not go bust.
If they declare independence, who will protect them if the Argentines decide to invade them?

My money's on Uncle Sam for that kind o'thing!