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Kashagan really was discovered in 2000. The North Caspian had never been explored by the Soviets. It was known as a potentially good place to do so, but that's not quite the same thing.

Tupi is in 2,000m waters, not 6,000, but it's still a lot.

It's not that light for oil - it's just a lot lighter than the (very heavy) crude Brazil produces for now.

and it's not clear at all that the announced reserves are there - they are interpolating between two far away wells (the second one which cost USD 250 Million, btw).

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Nov 21st, 2007 at 09:12:03 AM EST
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Well god damn it. I guess I was wrong about Kashagan. But I was so sure... Grr.

The numbers are from the IHT.

To coax the oil from the Tupi reservoir, engineers will have to drill up to 4,800 meters, or 16,000 feet, below the sea floor through salt and rock, in water depths of up to 6,000 meters, an undertaking that is at the frontier of the global industry's technological ability, according to PFC Energy, a consultancy in Washington.


Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Nov 21st, 2007 at 09:39:54 AM EST
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It's 28 degrees API so medium oil, but close to light which begins at 31.1 IIRC.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Nov 21st, 2007 at 09:43:45 AM EST
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