Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
This Tupi field is really ultra-deep. 6000 metres of water and then 4800 metres of rock and salt. When it's completed it will be a triumph of science and engineering.


At what oil price does this field become economical to exploit?

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Wed Nov 21st, 2007 at 08:21:11 AM EST
[ Parent ]
I can't say, but I am sure it will be profitable at current prices.

Maybe the level is $50-$80 for this field? But I am just speculating here, I don't really know much at all about these things.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Nov 21st, 2007 at 08:32:17 AM EST
[ Parent ]


Occasional Series