Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018
link : Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018

Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018

On February 23, 2018, this from the blog:

Peak oil? What peak oil? During the past two years there have been numerous articles on lack of investment in offshore projects which some suggest are desperately needed to forestall a shortage of oil in the out year (think, "Peak Oil"). Today, from a GlobalData press release: investment of $97 billion on top ten offshore oil projects will add 1.6 million bopd by 2025. Looks like we have a successful project

Looks like we have a success project. ExxonMobil projects 500,000 bopd from the Guyana play. Data points: 

• ExxonMobil has made a seventh oil discovery off-shore Guyana's deepwater Stabroek blck; this play will eventually expand to 500,000 bopd
• reservoir: 65 feet of high-quality, oil-bearing sandstone
• ExxonMobil's first discovery in this area was back in May, 2015: discovered more than 1 billion bbls of oil equivalent; API 32 crude (heavy oil)
• estimated recoverable resources from Stabroek exceed 3.2 billioin of boe

Much more at the link.

But look at that: the GlobalData article suggest an additional 1.6 million bopd by 2025. ExxonMobil added one-half million after one successful well.

http://ift.tt/2dZyQXu

Thus Article Peak Oil? What Peak Oil? ExxonMobil Reports Another Successful Off-Shore Guyana Well -- February 28, 2018

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