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Arabia |
Bahrain will need Fracker help to develop new field |
2018-04-05 |
[Bloomberg] Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years... Production from the new discovery could one day reach 200,000 barrels a day, local newspaper Al-Ayam reported... The amount of oil and gas that can be recovered from hard-to-reach pockets in shale rocks under the sea is uncertain, and development is potentially an expensive proposition. Halliburton Co. will drill two wells this year in the offshore Khaleej Al Bahrain Basin to appraise how much of the oil contained underground is actually recoverable. [total in the field is about 80B barrels - maybe 4B actually economically extract-able under current technology]. Undeniably, a considerable amount of fracking oil. |
Posted by:lord garth |
#2 A 500-mile somewhat horizontal drill to the northeast might yield some fruit |
Posted by: Mullah Richard 2018-04-05 10:26 |
#1 Virtually all oil fields have oil shale source rock associated with them somewhere. Some small amount of that shale oil was naturally expelled into the oil reservoirs or lost to the surface. How much of the rest can be recovered by artificial means (e.g. fracking) is a big question - perhaps 5-10%? |
Posted by: Glenmore 2018-04-05 10:10 |