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The Tiber Oil Field is a deepwater offshore oil field located in the Keathley Canyon block 102 of the United States sector of the Gulf of Mexico. The deepwater field (defined as water depth 1,300 to 5,000 feet (400 to 1,500 m),) was discovered in September 2009 and it is operated by BP. Described as a "giant" find, it is estimated to contain 4 to 6 billion barrels (640×10^6 to 950×10^6 m3) of oil in place. Although BP states it is too early to be sure of the size – a "huge" field is usually considered to contain 250 million barrels (40×10^6 m3). It required the drilling of a 10,685 m (35,056 ft) deep well under 1,260 m (4,130 ft) of water, making it one of the deepest wells ever drilled at the time of discovery
The Macondo Prospect (Mississippi Canyon Block 252, abbreviated MC252) is an oil and gas prospect in the Gulf of Mexico, which was the site of the Deepwater Horizon drilling rig explosion in April 2010 that led to a major, ongoing oil spill in the region.
The prospect may have held 50 million barrels (7.9×10^6 m3) producible reserves of oil
Hayward told a Congressional committee on Thursday the reservoir still held 50m barrels, providing fresh urgency to efforts to contain the oil, or seal off the gusher completely with a relief well.
Hayward's statement to Congress represents the first definitive word so far from BP on the potential it saw in the Macondo well. BP exploration plans, submitted to the US government, had suggested production in the order of 15,000 barrels a day, a figure confirmed by Hayward to Congress.
But the 50m figure cited by Hayward took some industry insiders by surprise. There have been reports the reservoir held up to 500m barrels – the figure quoted by Hayward's questioner, Joe Barton, a Republican from Texas.
"I would assume that 500m barrels would be a more likely estimate," said Tadeusz Patzek, the chairman of the department of petroleum and geosystems engineering at the University of Texas at Austin. "I don't think you would be going after a 50mbarrel reservoir so quickly. This is just simply not enough oil to go after."
BP spokesmen said that Barton was referring to recoverable oil rather than the total size of the reservoir.
"We haven't made an assessment of the reserves as far as I know," said Toby Odone, a BP spokesman. "You start evaluating the reservoir once you complete the well. Obviously we didn't get to that point."
Wolf Blitzer (CNN) says:
One -- one expert said to me -- and I don't know if this is overblown or not -- that they're still really concerned about the structural base of this whole operation, if the rocks get moved, this thing could really explode and they're sitting, what, on -- on a billion potential barrels of oil at the bottom of the Gulf of Mexico.
The ruptured well may hold as much as 1 billion barrels, the Times reported, citing Rick Mueller, an analyst at Energy Security Analysis in Massachusetts
Oil industry expert Matthew Simmons also puts the number above one billion barrels
And Rob Kall (OpedNews writer) claims that a source inside BP tells him:
Size of reservoir - estimated by BP and its partner, Andarko to be between 2.5B and 10B bbl. (that's 100,000,000,000 gallons and 400,000,000,000 gallons).
Given that BP's nearby Tiber and Kaskida wells each contain at least 3 billion barrels of oil ,estimates of more than a billion barrels for the leaking Macondo reservoir are not unreasonable.
Rick Mueller, an oil industry expert at Energy Security Analysis, in Massachusetts, said that the well’s powerful flow rate, which has been estimated by the government at up to 60,000 barrels a day and shows no sign of slowing down, suggested that the well could be far bigger than previously thought, the Times reported.
BP previously estimated that the field contained 50 million to 100 million barrels of oil.
A company spokesman told the Times that BP engineers had been unable to determine the size of the field because they had not completed the relevant tests before the explosion on April 20.
The MMS has estimated that significant oil and gas resources exist in the Gulf of Mexico in areas greater than 100 miles from shore – approximately 45 billion barrels of oil and 232 trillion cubic feet of natural gas. Infrastructure exists in the region and industry has an excellent track record for safety and environmental protection. We need access to new areas in the Gulf of Mexico in order to bring that energy to market
Federal offshore waters hold the greatest potential for finding and bringing new energy resources to market in the next 5 to 10 years. MMS estimates that there are currently 85.9 billion barrels of oil and 419.9 trillion cubic feet of natural gas that are technically recoverable from all federal offshore areas.
So there we go, a number of disagreements over the reservoir size.
Originally posted by CX
I did a thread on this a while back, only got a couple of replies though so i'll post the link and see if we get a better response here in this thread.
How much oil remains under the Gulf
In the article there it said that the leak had only spilled about 1.5% of the total oil down there.
Originally posted by cosmicpixie
reply to post by OuttaTime
Good point, I'd forgotten about that. I gather you've looked into it and can't find anything online to shed some light on the migration channels. We really are in the dark here aren't we
Originally posted by discl0sur3
I was under the impression that they've actually tapped into a batholith which is spewing a never ending supply of Abiotic crude oil. If this is true it means this thing will never deplete its reserves.
Considering it's now confirmed that the casing is in fact completely gone, the Nuke solution is looking more and more appealing. Although it bears certain risks, the risks of NOT attempting this would be much greater.
Looks like we're going to have glow in the dark fish for the next 100 years or so
There is other satellite imagery being withheld by the Obama administration that shows what lies under the gaping chasm spewing oil at an ever-alarming rate is a cavern estimated to be around the size of Mount Everest. This information has been given an almost national security-level classification to keep it from the public, according to our sources.
The official elevation of Mount Everest as the highest peak of the world is 29,029 feet or 8,848 meters in height.
Mount Everest is has a volume of approximately 365 cubic miles from sea level to the summit. 365 cubic miles = 1 521 386 372 716.335 7 cubic metres
Originally posted by jeffrybinladen
BP always claims 50-100 million barrels! Look at the money dumped into project liberty and that site is estimated at 100 million also NOW DO YOU REAllY THINK BP WOULD DUMP BILLIONS INTO THIS PROJECT FOR SUCH A CRUD RETURN? BUT WHY SHOULD BP TELL YOU THE TRUTH ANYWAY SINCE THEY ARE SPENDING THE RD FUNDS ITS NONE OF YOUR BUSINESS EVEN BLOCK 252!
anyway it's over a billion from my research and contacts within the oil business.
The nuke option is a dead horse anymore these days, especially with the findings of nearly 230 trillion cubic feet of gas under the gulf. I had also read in another article that there is a cavern underneath the oil pocket. No explanations on what this cavern is from them though. Like they say, 'never use a match to find a gas leak'