RE: Put things into context22 Nov 2022 07:06
im an engineer in the oil industry, and another interesting point thats never discussed is the recoverable level.
we historically only ever get out about 55% of the inventory in a reservoir. its never even close to empty
300milion barrels, youd be lucky to get 200 million out, even with water and gas reinjection.
So, this is gas, so we could pump water in, it all depends now on whether it is a hi pressure, hi temperature reservoir and what the plan is for transportation. what kind of sand, rock, sediment it is held in,
lots to do and it typically takes 4 years to the point of first oil/gas from the point that you start to properly engineer the infrastructure and im not even including a drill rig at easily 400k GBP a day (north sea)...
theres a lot to do and its not quick