Brazil's Tupi Oil Field

P

PohPoh

I mean, who gives a fuck..

8 billion barrels
85 million barrels a day

94 days of global supply...

Am I missing something?
 
Its ramifications are economic.

At 100 per barrel, thats 800 Billion revenue for Brazil.

A good chunk of that will go towards foreign equipment and foreign expertise...

But yea, I see your point.
 
mmm...I'm guessing that's not a very good measurement for the size of an oil field.

Ghawar Field in Saudi Arabia, the world's largest field at 71 billion barrels, 'only' has about 2.2 years of global supply(or had at one point in time).
 
yeah..but ghawar was discovered in 1948 when consumption was ridiculously less than it is now...
but I see your point...
 
The point is that we NEED to find a field like this 2nd Tupi EVERY year from now on, and that is just not happening...


And yes, when Ghawar was found, it had probably 10-20 years of world supply in it.
 
Quote from PohPoh:

yeah..but ghawar was discovered in 1948 when consumption was ridiculously less than it is now...
but I see your point...
More...

I was serious, brah.
 
Quote from achilles28:

I was serious, brah.
More...

Yes...I know..and you are right...
the economic ramifications for Brazil are huge...

I was just thinking in terms of production/consumption..
 
Quote from Pekelo:

That is still only a year's world supply....
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Ah, Mr. Peak Oil

But if it adds 5% capacity to the world's oil for 20 years, then it will take pressure off pricing.
 
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