<?xml version="1.0" encoding="UTF-8"?><!-- generator="wordpress/1.5.1.1" -->
<rss version="2.0" 
	xmlns:content="http://purl.org/rss/1.0/modules/content/">
<channel>
	<title>Comments on: Word from Mexico</title>
	<link>http://www.vitaltrivia.co.uk/2005/12/43</link>
	<description>Trivial thoughts on vital subjects</description>
	<pubDate>Tue,  6 Jan 2009 22:33:29 +0000</pubDate>
	<generator>http://wordpress.org/?v=1.5.1.1</generator>

	<item>
		<title>by: BOG</title>
		<link>http://www.vitaltrivia.co.uk/2005/12/43#comment-135</link>
		<pubDate>Sun, 22 Jan 2006 06:59:24 +0000</pubDate>
		<guid>http://www.vitaltrivia.co.uk/2005/12/43#comment-135</guid>
					<description>Thisis why I have been investing in companies like FDG,RTK andSYNM</description>
		<content:encoded><![CDATA[	<p>Thisis why I have been investing in companies like FDG,RTK andSYNM
</p>
]]></content:encoded>
				</item>
	<item>
		<title>by: Chris (Admin)</title>
		<link>http://www.vitaltrivia.co.uk/2005/12/43#comment-84</link>
		<pubDate>Sun, 04 Dec 2005 11:48:53 +0000</pubDate>
		<guid>http://www.vitaltrivia.co.uk/2005/12/43#comment-84</guid>
					<description>My graph assumes that Cantarell will decline rapidly and declines in other fields will be substituted for by new projects.  The Koppelaar numbers and my graph aren't actually all that different.  It all comes down to that 850kb/d that Koppelaar expects from new projects.
  
From the Oil Cast interview we have:
&lt;i&gt;One has to realize that in order to replace the capacity of Cantarell with these new fields, (none of which exceeds 200 million barrels) we would need some 20 new fields. Right now we have only discovered three. &lt;/i&gt;

Suggesting that new fields are hardly going scratch the surface of the Cantarell decline and would do well just to substitute for non-Cantarell decline.  We also have this statement:
&lt;i&gt;The fifth module of the nitrogen plant, located in Atasta, off the Campeche shore, will be used in the pressure maintenance of the field. It is probable that Ku will reach some 800,000 barrels at its maximum. With this production, the Cantarell decline will be mitigated a little bit. But the problem with Ku is its extra heavy oil.&lt;/i&gt;

I don't know what Ku is producing today but it looks like it can increase by a few hundred thousand barrels - but it's extra heavy.  Similar to the oil the Saudi's can't give away.

I think the 850kb/d is just a little bit optimistic, dropping it to 600kb/d would just about bring it in line with my graph.</description>
		<content:encoded><![CDATA[	<p>My graph assumes that Cantarell will decline rapidly and declines in other fields will be substituted for by new projects.  The Koppelaar numbers and my graph aren&#8217;t actually all that different.  It all comes down to that 850kb/d that Koppelaar expects from new projects.</p>
	<p>From the Oil Cast interview we have:<br />
<i>One has to realize that in order to replace the capacity of Cantarell with these new fields, (none of which exceeds 200 million barrels) we would need some 20 new fields. Right now we have only discovered three. </i></p>
	<p>Suggesting that new fields are hardly going scratch the surface of the Cantarell decline and would do well just to substitute for non-Cantarell decline.  We also have this statement:<br />
<i>The fifth module of the nitrogen plant, located in Atasta, off the Campeche shore, will be used in the pressure maintenance of the field. It is probable that Ku will reach some 800,000 barrels at its maximum. With this production, the Cantarell decline will be mitigated a little bit. But the problem with Ku is its extra heavy oil.</i></p>
	<p>I don&#8217;t know what Ku is producing today but it looks like it can increase by a few hundred thousand barrels - but it&#8217;s extra heavy.  Similar to the oil the Saudi&#8217;s can&#8217;t give away.</p>
	<p>I think the 850kb/d is just a little bit optimistic, dropping it to 600kb/d would just about bring it in line with my graph.
</p>
]]></content:encoded>
				</item>
	<item>
		<title>by: JD</title>
		<link>http://www.vitaltrivia.co.uk/2005/12/43#comment-83</link>
		<pubDate>Sun, 04 Dec 2005 06:50:53 +0000</pubDate>
		<guid>http://www.vitaltrivia.co.uk/2005/12/43#comment-83</guid>
					<description>Hi Chris,

The following is the data on Mexico from the Koppelaar report. It appears that the decline will be attenuated by new fields, and Type III decline will be about 3 to 6% per year in the near term.

Mexico production forecast
2004: 3789
1st qtr 2005: 3825
End 2005: 3663
End 2006: 3428
End 2007: 3316
End 2008: 3324
End 2009: 3218

On Mexico
&quot;In 2004 oil production was 3.38 mb/d and NGL production was 442.000
b/d, giving a total liquids production  of 3.83 mb/d. An annual decline
rate of 10% over 388.000 b/d of 2004 oil production has been added. An
annual decline rate of 12% over 2.14 mb/d of 2004 oil production
(Cantarell) has been added. An annual  decline rate of 3% over 548.000
b/d of 2004 oil production has been added. NGL production was assumed
to  remain stable. On top of  this a total of 850.000 mb/d from 2
projects has been added.

Specific information:  &quot;According to then Exploration and Production
Director Ramirez Corzo, Cantarell's production should  remain stable
until 2006, but would decline by 14% per year after that. However,
Ramirez Corzo recently  stated on November 2, 2004 that &quot;Our best
estimate is that Cantarell will start to decline toward the middle of
next year [2005],&quot; raising the possibility that Cantarell's decline
could come sooner than originally had been  thought.&quot; 
http://www.peakoil.nl/images/ponlreport.pdf</description>
		<content:encoded><![CDATA[	<p>Hi Chris,</p>
	<p>The following is the data on Mexico from the Koppelaar report. It appears that the decline will be attenuated by new fields, and Type III decline will be about 3 to 6% per year in the near term.</p>
	<p>Mexico production forecast<br />
2004: 3789<br />
1st qtr 2005: 3825<br />
End 2005: 3663<br />
End 2006: 3428<br />
End 2007: 3316<br />
End 2008: 3324<br />
End 2009: 3218</p>
	<p>On Mexico<br />
&#8220;In 2004 oil production was 3.38 mb/d and NGL production was 442.000<br />
b/d, giving a total liquids production  of 3.83 mb/d. An annual decline<br />
rate of 10% over 388.000 b/d of 2004 oil production has been added. An<br />
annual decline rate of 12% over 2.14 mb/d of 2004 oil production<br />
(Cantarell) has been added. An annual  decline rate of 3% over 548.000<br />
b/d of 2004 oil production has been added. NGL production was assumed<br />
to  remain stable. On top of  this a total of 850.000 mb/d from 2<br />
projects has been added.</p>
	<p>Specific information:  &#8220;According to then Exploration and Production<br />
Director Ramirez Corzo, Cantarell&#8217;s production should  remain stable<br />
until 2006, but would decline by 14% per year after that. However,<br />
Ramirez Corzo recently  stated on November 2, 2004 that &#8220;Our best<br />
estimate is that Cantarell will start to decline toward the middle of<br />
next year [2005],&#8221; raising the possibility that Cantarell&#8217;s decline<br />
could come sooner than originally had been  thought.&#8221;<br />
<a href='http://www.peakoil.nl/images/ponlreport.pdf' rel='nofollow'>http://www.peakoil.nl/images/ponlreport.pdf</a>
</p>
]]></content:encoded>
				</item>
	<item>
		<title>by: uday</title>
		<link>http://www.vitaltrivia.co.uk/2005/12/43#comment-82</link>
		<pubDate>Sun, 04 Dec 2005 00:03:53 +0000</pubDate>
		<guid>http://www.vitaltrivia.co.uk/2005/12/43#comment-82</guid>
					<description>good eyes! little did I know about mexico's contribution to american oil consumption before I read this article!</description>
		<content:encoded><![CDATA[	<p>good eyes! little did I know about mexico&#8217;s contribution to american oil consumption before I read this article!
</p>
]]></content:encoded>
				</item>
</channel>
</rss>
