You Are On Search The Bakken Story Is Good, But It’s Not Ghawar Saudi Arabia Boom Or Bust Page
Assuming that the total well count for the Bakken is something in the region of 52,000 wells, as suggested by Continental, that means an additional 45,000 wells vs. today.
At the current 2,000 wells a year that’s going to take around 22 years to drill out.
To increase production well above 1 million barrels something like double the number of wells might need to be drilled, every year.
Note that when drilling finally reaches capacity and is unable to continue then there will be no new wells to replace rapidly declining ones,
And in aggregate the whole “field” will effectively shut off in just a few years. Drilling twice as fast today halves the life of the “field”.
For comparison, peak production at Ghawar was 5.7 million barrels per day in 1981. Today it still produces around 5 million barrels per day, with about 3500 wells - 1428 barrels per well
The Bakken as of September 2018 Was Producing 1,391,877 barrels per day with 15,344 Wells - 90.7 barrels per well
Ghawar - The Grand Daddy Of Oil Production
Saudi Arabia Considers Taking Saudi Aramco Public - IPO - 01/07/2016
“No such galaxy of fields of the first magnitude over such a wide area has been developed in the history of the oil industry.”
- Everette Lee DeGolyer, Oil in the Near East, 10 May 1940, Texas
Everette Lee DeGolyer
| Bakken To Top
1 Million Barrels |
Satellite
Over The Desert - Ghawar Field |
|
| Saudi -
Closer Look 2014 |
SA Production
Facilities |
Saudi Aramco |
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Search Manifa Field
By the time Manifa is fully operational in December 2014, the field will be expected to produce 900,000 barrels per day (bpd)
of Arabian Heavy crude oil, 90 million standard cubic feet per day of sour gas, and 65,000 bpd of hydrocarbon condensate.
“No such galaxy of fields of the first magnitude over such a wide area has been developed in the history of the oil industry.”
- Everette Lee DeGolyer, Oil in the Near East, 10 May 1940, Texas
| Why So Much Oil In The Middle East | How Much Oil In The Middle East |
Qatif Production Facility Being Built - Completed In 2004 - 800,000 bbls a day
According to the press release from Chicago Iron & Bridge Qatif was constructed for $1.1 billion
GOSP Was Built By CB&I Chicago
2015 - 2016 - Sadara Comes Online
A Joint Venture Between Saudi Aramco & DOW Chemical
Sadara will be the world’s largest integrated chemicals complex ever built in a single phase,
With the production capacity to produce more than 3 million tons of diversified chemicals and plastics per year.
| Sadara |
Sadara
Chemical Complex |
|
| Sadara
Chemical Complex - Images |
Jubail City |
Dow &
DuPont To Merge |
Sadara Slide Show & Job Openings
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