Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And History tell us the 4'000 per day went to a peak of 110 K and still producing 10's of K per day. So our little puddle in the Weald will be connected to the North sea and extend beyond the IOW. Inter glacial periods 100's million years putting down sediment that has been cooking. GLA
Government debates in the very early days
So much good info. Just a brief mention. Will post the link.
At the current rate of production of 4,000 barrels of oil daily, the annual revenue from the field is about £22 million. As to the future, the estimated reserve potential of that field is 100 million barrels of crude oil. Of course the field is profitable. The Minister knows that, the gas industry knows it and the country knows it. The Government would not be selling it off if it were not profitable.
So much to look through.
https://www.theyworkforyou.com/debates/?id=1981-07-08a.554.0
Has dropped $20 in November that is near 25%. I think the sp has held up well along with Solo cashing their shares in as they need finances now. We may be witnessing a New oil Bonanza similar to the North sea. Wytch Farm is a part of an overlooked basin. We have gas fields, oil fields and shed loads of coal. Just think about it. This country has an abundance of resources. SXX all part of the mix.
How much oil is consumed daily in the world?
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5 Answers
Allen E Hall
Allen E Hall, 10 yr in engineering and mfg of chemical reactors & off shore oil rig products
Answered Dec 22 2016 · Author has 2k answers and 5.8m answer views
25,739,700,000 lbs or 11,699,863,636 kg is the weight of the oil extracted from the ground each day!! 26 billion pounds! Equal to 145 million megawatts of power or 224,960,073 man years of labor.
That works out to 9,401,425,425,000 lbs or 4,273,375,193,182 kg annually. That is almost 9.5 Trillion pounds a year! The equivalent of 82,166,666,667 man years of labor. 82 billion man years of labor every years!
The amount of energy in the oil we extract from the earth in total annually is 7 times the energy of all nuclear weapons combined or over 44,000 megatons of energy.
The Earth receives 1,388,888,888,888,880 MWh of solar energy from the sun each year of which 833,333,333,333 MWh is converted into chemical energy by plants. Some of this becomes coal and oil eventually. We consume a full years worth of chemical sunlight, 833,333,333,333 MWh , in oil every 16 years.
If you replaced the water running over niagra falls at full volume with crude oil, it would take 26 days for 1 year of oil to travel over the falls.
Over 500 trillion pounds in the last century or almost 1 Trillion man years of labor equivalent energy
Oil Equivalents
Putting this out here Alaska North slope production around 175k a day in 2017. Make what you want of it. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MANFPAK1&f=A
https://compositesuk.co.uk/composite-materials/applications/oil-and-gas