Oil wells in india

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Cairn makes three more oil discoveries in Rajasthan



The Barmer basin in Rajasthan continued its prolific run with Cairn India striking gold with three new oil discoveries in the region.

With these three new discoveries, Cairn took the total number of discoveries made by it in the RJ-ON-90/1 block of the Barmer basin to 36.

"This is a significant discovery, in view of its proximity to the Mangala oil field and fast track appraisal is planned to facilitate rapid commercialization of this discovery," the company said in a statement.

The block is operated by Cairn India—a subsidiary of Anil Agarwal's London-based Vedanta Resources— with state-run ONGC holding a 30 percent stake in it.

With the three new discoveries, Cairn India would hope to its production target of 300,000 barrels per day by the end of 2016-17 from the existing 185,000 barrels per day.

The company, which saw its stock gain by about 3 percent with the news of the discovery, also announced an interim cash dividend of Rs. 5 per equity share of Rs.10 face value.

The Barmer or Rajasthan Basin, part of the Thar desert, forms the eastern flank of the Indus geo-syncline and comprises the sedimentary tract to the west and northwest of Aravalis up to the Indo-Pakistan border.

The Cambrian age basin extends over an area of 1,26,000 Sq. km and the Barmer part of it is believed to contain about 3.6 billion barrels of oil, of which 1 billion barrels are potentially recoverable.

Keywords: Cairn India, three oil discoveries, Rajsthan Barmer oil block, Barmer Hill formation

Cairn makes three more oil discoveries in Rajasthan - The Hindu
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Commercial Production of Aishwarya Oil Field in Rajasthan Started

Commercial production of Aishwarya Oil Field at Barmer in Rajasthan has started on 23 March 2013. The commercial production of natural gas will take place from the Rageshwari Well of Barmer region. It's expected that every day production of the oil field shall be 25000 barrels of Crude Oil and 50000 lakh cubic feet of natural gas. The gas field was dedicated to the nation by Petroleum Minister Veerappa Moily and Chief Minister of Rajasthan Ashok Gehlot.

After the operations of the Barmer Oil field will reduce the import bills of the country for petroleum that is about 6.5 lakh crore rupees at present. Creation of a national gas grid is in plans of the government for better distribution of natural gas.

Second biggest oil field starts production | Latest News & Updates at Daily News & Analysis
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Second biggest oil field starts production

Starting off at 30,000 barrels per day, the MBA field is expected to scale up to 200,000 in two years, around 10% of India's total oil consumption.
Rajasthan's Mangala-Bhagyam-Aishwarya oil field, India's second biggest oil discovery, went into production on Saturday. Starting off at 30,000 barrels per day, the MBA field is expected to scale up to 200,000 in two years, around 10% of India's total oil consumption. At the peak rate, its production will be equal to around 30% of India's present oil production.

Production started after five years and $2 billion of investment since the discovery of oil in 2004 by Cairn India, the British controlled exploration and production firm, and its partner the Oil and Natural Gas Corporation (ONGC).

Under their contract with the government, Cairn-ONGC will have to sell all their produce back to the government nominees, but the government has so far made arrangements for picking up only about half the estimated production from the field by next year.

All the crude produced this year will be trucked from Rajasthan to the Gujarat coast and from there to the Mangalore refinery at a cost of $10-12 (Rs 500-600) per barrel. Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) are also eligible to receive the crude output, but are likely to benefit only after a 700-km pipeline from Mangala to Gujarat is readied by end of the year.

The three fields will require a further investment of $1.8 billion (Rs 8,700 crore) before they reach their peak production, which is expected to sustain for 5-6 years before starting to decline. The total development cost is expected to be around $3.3 billion, compared to $8.8 billion for KG D6.

At a conservative crude price estimate of $50 per barrel, the three fields will generate revenues of Rs 82,000 crore for the government, including Rs 36,000 for the Rajasthan government.

Mangala, Bhagyam and Aishwarya are only the first 3 of the 25 oil and gas discoveries made by Cairn-ONGC in the Rajasthan block. Cairn continues to develop the other 22 discoveries. The crude being produced by the field has been found to be of 'waxy' quality, restricting the number of refineries in India that can be used to crack it into products like petrol and diesel.

Second biggest oil field starts production | Latest News & Updates at Daily News & Analysis
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Cairn India to drill 48 more wells on Mangala oilfield

Cairn India (CIL), a subsidiary of UK-based Cairn Energy, started production of oil from its Mangala oilfield in Barmer district of Rajasthan in September 2009. The initial capacity of the field was 30,000bpd of oil.
The Mangala oilfield is part of the Rajasthan block RJ-ON-90/1 which is being developed by CIL. CIL holds a 70% participating interest in the Rajasthan block, which covers an area of 3,111km².
Oil and Natural Gas Corporation of India (ONGC) holds a share of 30% in the block.

The joint venture has spent $2bn on the project and plans to invest another $1.8bn by 2011.

The Mangala oilfield is estimated to have 1.1 billion barrels and recoverable reserves of 256-380 million barrels. An additional 100 million barrels can be produced using enhanced oil recovery techniques.
Plateau production from Mangala is estimated to hit 175,000bpd by 2011-12.

"The initial oil capacity of the Rajasthan field is 30,000bpd."

Oil from the Mangala oilfield is transported to Mangalore Refinery and Petrochemicals (MRPL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL), who were nominated by the Government of India (GoI). Initial output from the field was transported through trucks. Full output requires the completion of a 670km export pipeline, which is being built by CIL.

Construction work carried out at the Mangala oilfield included the Mangala Processing Terminal (MPT), laying a 670km pipeline from MPT to the Gujarat coast and building heating stations. Approximately 16,000 people are working on the construction activities: 5,000 on the pipeline and 11,000 on the MPT.

In January 2009, the GoI sanctioned a further Declaration of Commerciality (DOC) for three discoveries made in 2007 in the Rajasthan block. The discoveries included Kameshwari West 2, Kameshwari West 3 and Kameshwari West 6 in the Northern Appraisal Area of the block.

Geology of the Rajasthan block

The Rajasthan block is characterised by channel sand depositional environment wherein channels were stacked on top of one another to create the reservoir. The vertical connectivity of the channels is responsible for the performance of the reservoir.
The high-quality fluvial reservoir has exceptional permeability and porosity, and is of shallow depth with low pressure resulting in slightly thicker oil. The reservoir contains 150m oil column categorised as medium gravity and is of sweet grade with a low sulphur content of about 0.1%.

The crude has a high pour point and viscosity due to its waxy nature and its highly paraffinic nature makes it an excellent secondary processing feedstock for refineries.

Field development

CIL acquired the Rajasthan block for $7.5m in 2002. It has interest in ten blocks for exploration, and three blocks for production and development with other joint venture partners, all offshore Rajasthan.
"The vertical connectivity of the channels is responsible for the performance of the reservoir."
CIL has drilled 81 wells of which 65 have been completed.

Mangala is the largest of the 28 discoveries. The latest drilling and completion technology is being used to create high rate production wells with capacity of up to 10,000 barrels of oil per day.
Some of the other wells in the block include Bhagyam, Aishwariya, Guda, Saraswati, Rageswari, Greater Rageswari and Kameshwari. The company will initially focus on the Mangala, Bhagyam and Aishwariya fields.
Peak production from the fields will account for more than 20% of India's estimated oil production.
Mangala processing terminal
The Mangala Processing Terminal is the centre for processing crude oil from all the fields in Rajasthan. The MPT, spread across an area of 1.6km², comprises four crude oil processing trains, which are designed to handle a total capacity of 205,000bopd with scope for expansion.

Train 1 has a capacity of 30,000bopd, trains 2 and 3 have a capacity of 50,000bopd and train 4 will have a 75,000bopd capacity. Train 1 of the MPT was completed and commenced production on 29 August 2009.
Construction of trains 2 and 3 was completed in 2010. Train 4 is expected to be completed in 2011.

The MPT is equipped with a captive power source to ensure zero dependence on any other power source. The heat source for the MPT is steam generated by five 115t per hour boilers.
Four 12MW steam turbine generators and three 2MW emergency diesel generators are employed to meet the power requirements of the terminal.


The fire system of the MPT is laid underground and 25% of total MPT area is earmarked as green belt. Health, safety and environment (HSE) standards were incorporated in the design features of the MPT.
The MPT does not use soft water for any process. All requirements of the plant are met through saline water from the subterranean Thumbli water field.

"The MPT is equipped with a captive power source to ensure zero dependence."

The process of processing crude oil includes the injection of desalinated water from the Thumbli saline water system into the wells to extract crude oil. The crude oil then goes through a first stage separation of oil, associated gas and water.

The associated gas is recovered for further firing of the steam turbines and the separated water is sent back for water treatment. The crude then goes through a heater for second-stage separation, after which it enters a settling tank.

The final associated residual gas is taken off the top of the settling tank. The crude then goes through a dehydrator to take out the last remnants of water, after which it is sent to the export oil storage tanks. From the storage tanks it is pumped in to the heated pipeline.

Infrastructure of the Rajasthan block

The MPT also contains water recycling and gas recovery systems, 20 tanks, and fire and safety systems. Other infrastructure elements include 55km of internal and external roads.
About 98,000m³ of concrete and 23,600t of steel is being used to build the MPT.

About six million cubic metres of rock and soil was moved to set up the site for development.

Field development in the Rajasthan block included the development of infrastructure projects such as Rageswari Gas Terminal (RGT), Thumbli water field, intra field pipelines, Viramgam Terminal and other above-ground installations. The scope of work for the Thumbli water field includes the design, supply and installation of ESP systems for water wells in 16in casing with a capacity of up to 60,000 barrels per day.
Drilling rigs

Two highly mobile custom-built rigs with hook load of 500,000lb and depth capacity of 3,500m are being used at the Mangala oilfield. The rigs have fully automated controls and pipe-handling capability.
Their layout helps save land, infrastructure and drilling costs.
Wells

The development wells at the Mangala oil field are high technology, high production rate onshore wells. They comprise electrical submersible pumps for artificial lift, in which hot saline water is used as power fluid and for flow assurance.

Twin chemical injection lines are used to inject chemicals down the hole and optimal metallurgy is employed to prevent corrosion.
Rajasthan pipeline

The 670km pipeline is expected to be fully operational by the end of 2011. Currently, a 590km stretch from Barmer to Salaya is operational.
"The 670km pipeline will be operational by the end of 2011."

The pipeline will transport oil from the MPT to the Gujarat coast. The 24in pipeline has a high-density polyethylene wrap and polyurethane foam insulation. It will also comprise storage terminals and heating systems that will maintain crude oil temperature above 65°C.

The export pipeline goes through the states of Rajasthan and Gujarat, including eight districts and about 250 villages.

Contracts for the Rajasthan block

The engineering and construction division of Larsen and Toubro was awarded two contracts worth $300m for civil works and other consolidated construction works for the Northern Area Development Project in Rajasthan block in January 2008.

The scope of work includes the building of infrastructure facilities and 18 well pad structures, and supply, fitting and commissioning of 33KVA high voltage power line system and a telecom network.
In addition, L&T will execute civil and electromechanical operations at the Mangala and Rageswari fields, and offsite infrastructure facilities.

Cairn India to drill 48 more wells on Mangala oilfield - Economic Times

Rajasthan Block, Barmer - Offshore Technology
 

pmaitra

Senior Member
Joined
Mar 10, 2009
Messages
33,262
Likes
19,594
@AVERAGE INDIAN, thanks for sharing.

This evening as I was driving back home, I was thinking about Saudi Arabia, Qatar, Kuwait, Iraq, Iran, and Texas, all of which are desert areas, and have oil, and was thinking, why there is no oil in Rajasthan. Now, I see this thread. My belief that oil and desert go together is affirmed even more now.

Also, this is a good news. It is about time to reinforce our defences in that region.
 
Last edited by a moderator:

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
bombay high oil field reserves

Bombay High is an offshore oilfield 162 kilometres (101 mi) off the coast of Mumbai, India, in about 75 m of water.[1] The oil operations are run by India's Oil and Natural Gas Corporation (ONGC).

Bombay High field was discovered by a Russian and Indian oil exploration team operating from the seismic exploration vessel Academic Arkhangelsky[2] during mapping of the Gulf of Khambhat (earlier Cambay) in 1964-67, followed by a detailed survey in 1972.[3] The naming of the field is attributed to a team from a survey run in 1965 analysed in the Rashmi building in Peddar Road, Cumballa Hill, Bombay. The first offshore well was sunk in 1974.[4]

Every oil resource rock requires Structural traps which are mainly salt dome, coral reefs, fault trap and fold trap. In case Bombay High, the structure is a "north-northwest to south-southeast trending doubly plunging Anticline with a faulted east limb", 65 km long and 23 km wide",[5] and is the most probable reason to call it "Bombay High".

November gas production up 47.6%, crude oil down 1.5% | Business Line
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Digboi Oil Field, Assam

Oil was struck at the Bombay High in February 1974. The commercial production begun on May 21 this year, will start reaching the Bharat Refineries in another week or so.

This is a far cry since 1947, when the country's oil industry consisted of just one small oil field at Digboi in Assam and a half million tonne capacity refinery. For the rest, the country's oil needs were taken care of through a number of foreign-based marketing companies. The Digboi oil-field itself had been discovered more by accident than design by the Assam Railway and Trading Company in 1889. Among the few similarities between India and the oil-rich countries of Asia and Africa in the sphere of oil has been the fact that the developing industry here suffered as an economic consequence of colonial rule.

The British Government in India, in the interest of its own oil companies was not interested in the development of local resources. In 1902, when an American company showed interest in undertaking oil explorations in India, they were prevented from doing so. In 1927, however, with the beginning of the cartel arrangements between the eight major oil companies of the world and following a mutual patch-up the British agreed to share the Indian market with their American competitors.

Read more at: Assam: Digboi oil-field discovered by accident than design : 30 Years Ago on India Today - India Today
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
RIL discovers seventh oil well in Gujarat block

NEW DELHI: Reliance Industries today said that it has made a seventh oil discovery in the Gujarat block.

The well, CB10A-N1 encountered hydrocarbon bearing zone between 1,388 and 1,403 meters below the earth in the block CB-ONN-2003/1 near Ahmedabad, the company said in a press statement here.

"The well flowed at a rate of 410 barrels of oil per day," it said.

RIL, which has so far drilled 17 exploratory wells in the block, of which only six contained oil, named the new discovery 'Dhirubhai-50'.

Though this is the seventh oil discovery in the block, the company has yet not put a reserve estimate for any of the oil finds in the area.

The company said it had notified the government and the Directorate General of Hydrocarbons about the new find. "The potential commercial interest of the discovery is being ascertained through additional data gathering and analysis", added the company statement.

The block CB-ONN-2003/1 is located at a distance of about 130 kms from Ahmedabad in Gujarat, in the Cambay Basin. The block covers an area of 635-sq km in two parts -- Part A and Part B.

RIL, as operator, holds 100 per cent stake in the block. It had won the block in the fifth round of auction under the New Exploration Licencing Policy (NELP).

While the entire block was covered with 2D seismic, about 80 per cent of the block area has 3D seismic coverage. Of the 17 exploratory wells drilled in the block by RIL, so far, 13 are located in Part-A and the remaining 4 in the Part B of the block.

Earlier on June 11, RIL had informed of its sixth oil discovery in the Gujarat block. Based on acquired 3-D seismic data on this Block, the company expects several more potential finds in the area.

RIL discovers seventh oil well in Gujarat block - The Times of India
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
Cambay field

The national oil company, ONGC drilled the first well in 1958 and there have been a significant number of subsequent wells targeting conventional reservoirs in the Cambay Basin.

A discovery of oil in Ankleshwar structure in 1960 provided a further boost to the exploration in the Cambay Basin and out of 244 prospects drilled, 97 are oil and gas bearing.

Essar Oilfield Services - LR4 Rig - Contracted to Drill Cambay-77H
Oilex became one of the first foreign companies into the basin when it farmed into a PSC with Niko and GSPC in 2005 as an operator with a 45% interest.

Between 2006 and 2011, the Company conducted extensive work programme in the contract area, including 3D seismic, five wells and a study to evaluate the application of shale gas technology to the ubiquitous Eocene reservoirs. Netherland Sewell & Associates conducted an independent assessment in 2010 which identified a significant Contingent Resources and Prospective Resources.

Cambay-73 was originally drilled in 2008 with a single stage fracture stimulation and was subsequently shut in. During an extended production test in 2012 it had a peak production rate of 1MMscfd and 23.5 bbls of condensate.

A gas-sales agreement was signed for off spec gas Cambay-73. In addition to the cash flow from the sale of gas and condensate Cambay-73 will provide critical flow data to further assess the deliverability of the Eocene Formation.

Figure 3 - Cambay-76H Microseismic
In 2011 the Company drilled Cambay-76H, the first horizontal multi-staged fractured stimulated well in India representing an important milestone in the transferring of proven North American technologies. Down hole mechanical problems precluded a successful flow testing of this well, although oil and gas flowed surface during well control operations. Cambay-77H is planned to complete the transfer of these technologies with a successful flow test for early 2014.

Moving forward beyond Cambay-77H, 5 additional wells are planned contingent upon a successful flow test of Cambay-77H. These will enhance production, cash flow and provide sufficient data to enable partial conversion of contingent resources to reserves.

Oilex is particularly well placed to successfully deliver production, cash flow and reserves from the Cambay asset in the near future.

https://www.oilex.com.au/our-projects/india/cambay-field
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
ONGC discovers new oil wells in Gujarat

The state-run oil producer Oil and Natural Gas Corp (ONGC) has discovered two new oil wells in Patan district in Gujarat, which have estimated oil reserves of over one million tonnes, an official said in Ahmedabad on Saturday. The oil find was made at a crucial time as the upstream major's Mehsana production unit in the state was witnessing fall in output, said the official, who did not want to be identified.
ONGC started its first exploratory work in Patan, nearly 80 km from Ahmedabad, after receiving positive indication from pre-drilling studies, he added.

The output at ONGC Mehsana, which was around 8,000 to 9,000 tonnes a day when the unit was set up in 1968, came down to 6,000 tonnes a day over the years. Similarly, the annual production has come down to 2.25 million tonnes from 3 million tonnes.

"The oil found in north Gujarat is typically waxy in nature and therefore the recoverability is very low," said the official.

He added that ONGC had already produced over 50 percent of the recoverable oil reserves.

ONGC Mehsana is using various state-of-the-art technologies including in situ combustion technology to improve recovery rate of oil found in Mehsana, he said.

ONGC discovers new oil wells in Gujarat - Hindustan Times
 

AVERAGE INDIAN

EXORCIST
Senior Member
Joined
Sep 22, 2012
Messages
3,326
Likes
5,408
Country flag
second strike of oil by ONGC after the 2009


Oil and Natural Gas Corporation (ONGC) on Wednesday announced two new oil and gas discoveries in Gujarat. It struck oil and gas in a well drilled in block CB-ONN-2004/2.

In a statement issued here, the company said it has 50 per cent interest in the block that it had won along with the Gujarat State Petroleum Corporation (40 per cent) and Sunterra (10 per cent) in the seventh round of bidding under the New Exploration Licensing Policy (NELP).

Exploratory well Vadtal-3 produced oil at a rate of 22.5 cubic metre a day and gas at a rate of 3758 cubic metre a day on testing, it said. "The oil produced is of good quality with a gravity of 41.10 API,'' the statement added.

This is the second discovery in block CB-ONN-2001/1. ONGC said it made an oil discovery in a nomination block Linch Extn-1 in the western offshore. "Development well North Kadi-461 in Linch Extn-I PML, Western Onshore Basin, was drilled to a depth of 1,600 metres. Oil flowed at a rate of 17 cubic metres a day during testing,'' it said. ONGC said it produced 27.272 million tonnes of crude oil in 2010-11, marginally higher than the target of 27 million tonnes.

Gas production at 25.322 billion cubic metres was also higher than the 25-bcm target. It sold 20.297 bcm of gas and produced 3.2 million tonnes of value added products in the fiscal.

Commending the performance, ONGC Chairman and Managing Director A. K. Hazarika said: "Considering the global average rate of production decline from matured oil fields, this performance of ONGC is commendable. Our performance in reserve accretion is once again laudable.

However, without drawing any complacence, we are focusing on bringing all new discoveries to production at the earliest possible opportunities,'' he said.

ONGC strikes oil, gas in Gujarat - The Hindu
 

Srinivas_K

Senior Member
Joined
Jun 17, 2009
Messages
7,420
Likes
12,945
Country flag
I pray to god that India will never have oil fields like the middle east. That would be a disaster because Indian politicians and businessmen will use them to expand their bank accounts, unlike middle east where the oil wealth is used for the welfare of people. In India, social security is unheard of.
Why would GOD listen to you??

What right you have to deny India of any wealth??

You will be punished for asking wrong things in the hell.
 

ghost

Senior Member
Joined
Dec 16, 2013
Messages
1,234
Likes
2,455
I pray to god that India will never have oil fields like the middle east. That would be a disaster because Indian politicians and businessmen will use them to expand their bank accounts, unlike middle east where the oil wealth is used for the welfare of people. In India, social security is unheard of.
Sir,


Hope you can hear loud and clear.

Aam Aadmi Bima Yojana
Bachat Lamp Yojna
Central Government Health Scheme
Deendayal Disabled Rehabilitation Scheme
Gramin Bhandaran Yojna
Indira Awaas Yojana
Indira Gandhi Matritva Sahyog Yojana
Integrated Child Development Services
Integrated Rural Development Program
Janani Suraksha Yojana
Kasturba Gandhi Balika Vidyalaya
Kishore Vaigyanik Protsahan Yojana
Livestock Insurance Scheme (India)
Mahatma Gandhi National Rural Employment Guarantee Act
Members of Parliament Local Area Development Scheme
Midday Meal Scheme MoHRD
National Literacy Mission Programme
National Pension Scheme
National Scheme on Welfare of Fishermen
National Service Scheme
National Social Assistance Scheme
Pradhan Mantri Adarsh Gram Yojana Integrated development of Schedule Caste majority villages in four states
Pradhan Mantri Gram Sadak Yojana
Rashtriya Krishi Vikas Yojana
Rashtriya Swasthya Bima Yojana
Saksham or Rajiv Gandhi Scheme
Sabla or Rajiv Gandhi Scheme for Empowerment of Adolescent Girls
Sampoorna Grameen Rozgar Yojana
Swabhiman
Swarnajayanti Gram Swarozgar Yojana
Swavalamban MoF
assisted Women and Child Development Project
Voluntary Disclosure of Income Scheme
National Rural Livelihood Mission (NRLM)

btw-Since India has so many schemes ,so I realize that you must be talking about Pakistan.I have prayed to god to rectify your mistake and replace India with Pakistan in your prayer ,which I am sure you really meant at first place.:namaste:
 

Vishwarupa

Senior Member
Joined
Sep 15, 2009
Messages
2,438
Likes
3,600
Country flag
I pray to god that India will never have oil fields like the middle east. That would be a disaster because Indian politicians and businessmen will use them to expand their bank accounts, unlike middle east where the oil wealth is used for the welfare of people. In India, social security is unheard of.
Hey you paki, in what way middle east oil wealth is used for welfare of the people? All the money is used to promote terrorism, spread hatred, funding to divide other nations, to treat women as animals & all the money is stuck with rich brainless idiotic arabs which is of no use.
 

amoy

Senior Member
Joined
Jan 17, 2010
Messages
5,982
Likes
1,849
what if major energy consuming countries get self sufficient? what changes may that bring about to geopolitics? now US is already self sustained with a vast Canada nextdoor as an energy supplier. In addition to mega deals with Central Asian pipeline-stans + Russia, China is making a headway in SCS gas drilling and exploring shale gas in inland basins with the world's largest reserve.

Also nuclear and recyclable energy like solar and wind in rapid growth.

Step by step main powers are diversifying and likely to get less and less dependent on Mid East. In that case what'll happen to those regional actors Saudi, Iran, Iraq, Kurdistan"¦ with an declining petrodollar revenue and reduced energy leverage?

Sent from my 5910 using Tapatalk 2
 

JBH22

Senior Member
Joined
Jul 29, 2010
Messages
6,497
Likes
17,878
The Great Challenge-Oil
 
Last edited by a moderator:

Latest Replies

Global Defence

New threads

Articles

Top