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A

brief
introduction
to

PEAK

Complied by KH Tang
Part 1

An Invitation
to
ask some
Important Questions….
What is the GROWTH RATE of population in this planet?

Or 1.5 Singapore
What is the World Population?

We Are Here (2004)

What are the necessary conditions to make the sharp raise in this curve?
Do we have resources to sustain the continuous growth?

• Grain Production?
Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?
Do we have resources to sustain the continuous growth?

1 Hectares = 10,000 square meter

• Grain Production?

• Meat Production?

• Fresh Water?
Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?

• Fresh Water?
Sources: http://www.fao.org
• Oceanic Fish Catch?
Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?

• Fresh Water?

• Oceanic Fish Catch?

• Cropland?
Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?

• Fresh Water?

• Oceanic Fish Catch?

• Cropland?

• Forests (Fresh Air)?


Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?

• Fresh Water?

• Oceanic Fish Catch?

• Cropland?

• Forests (Fresh Air)?

• Energy?

Source:
Do we have resources to sustain the continuous growth?

• Grain Production?

• Meat Production?

• Fresh Water?

• Oceanic Fish Catch?

• Cropland?

• Forests (Fresh Air)?

• Energy?

• And others, Such as


Housing?
Jobs?
Income?
Materials? etc…
Where to find those Charts and Data for Resources?

The Charts and Data in the previous slides, unless specified, can be downloaded,
free, from World Watch Institute’s publications, “State of the World” & “Vital Signs.”.
http://www.worldwatch.org/pubs/pdf/

http://www.worldwatch.org/pubs/books/13/ Click here to download this Free PDF Book

Table of Contents: Beyond Malthus: Nineteen Dimensions of the Population Challenge


Grain Production
Fresh Water
Biodiversity
Energy
Oceanic Fish Catch
Jobs
Infectious Disease
Cropland
Forests
Housing
Climate Change
Materials
Urbanization
Protected Natural Areas
Education
Waste
Conflict
Meat Production
Income: Conclusion
The Emergence of Demographic Fatigue
Now, Who is right???

• On one hand, some scientists project a


continuous growth prospect for this planet..

- -- -----
? ?? -
Ri g ht
h o i s
---- - W
----
Experts project peak here

• On the other hand, some energy experts


warn that the production of fossil fuel (Oil
& Gas) is, within a decade, going to run
into peak, and then decline. They called
it “Peak Oil”.

http://www.peakoil.net
Why ASK so many QUESTIONS? - 1

Because…

QUESTIONS are the ANSWERS.


Why ASK so many QUESTIONS? - 2

Source of figure: “The Limits to Growth” – Phenomenon of short-term focus….

This is where
the world’s
problems lie…
Questions may
lead to Solutions.

Most people Politicians


Think here think here to
Most of the win the next
Time…. election…..
Why ASK so many QUESTIONS? - 3

“If we do not deal with Reality…

Reality

… Reality will deal with us.”


Part 2

An Invitation

To

Find Out more about

Peak Oil
Oil Production in An Oil Well

This chart shows a typical characteristic curve of


the production output vs time of an oil well.
Oil Production in An Oil Field

Peak

2
3
1 5
6
4 7
8

This chart shows the production output of an oil field A Typical Hubbert Curve
with eight individual oil wells. It is clear that, given
enough wells, a smooth curve would result. It is
known as Hubbert Curve, named after the
geophysicist M. King Hubbert .
Oil Production in USA (lower- 48) 1930 -2002

Because the USA (excluding Hawaii and Alaska) has been


Note:
producing longer than anyone else, largely unaffected by
In 1956, the geologist M. King
external matters, it shows the Hubbert Curve better than
Hubbert predicted that U.S. oil
anywhere else in the world. You can see that production has
production would peak in the early
been declining since the 1970s and, despite the efforts of
1970s. Almost everyone, inside and
the richest, most technologically advanced society in the
outside the oil industry, rejected
world, has not been stopped.
Hubbert's analysis. The controversy
Source: ASPO
raged until 1970, when the U.S.
production of crude oil started to fall.
Hubbert was right.
Simple Logic

1. Since the oil reserved of any Oil Field is a finite number, it would run out one day
when the production start. And it would most likely to follow the Hubbert Curve
pattern if there is no interruption (such as war, etc…)

2. Before the oil companies can start to produce oil, they must first do the exploration
to discover them.

3. As the demand of oil keep increasing, due to the continuous growth of population,
vehicles and energy usage, etc… In order to keep the production sustainable to
meet the demand, the Discovery of NEW oil fields MUST increases accordingly.

The following slides correlate the relationship between the


Discovery and Production of Oil Fields in various countries (in
alphabetical order).
Oil Discovery and Production History: Abu Dhabi

ABU DHABI Regular Oil

Rates Mb/d

Consumption 2003 0.2

per person b/a 7.3

Production 2003 1.9

Forecast 2010 1.9

Forecast 2020 1.9

Discovery 5-yr average Gb 0.01

Amounts Gb

Past Production 18.6

Reported Proved Reserves* 92

Future Production - total 51.4

From Known Fields 48.5

From New Fields 2.8

Past and Future Production 70

Current Depletion Rate 1.8%

Depletion Midpoint Date 2026

Peak Discovery Date 1964

Peak Production Date 2011 History Projection

Take Note of the Peak Discovery Date, and The period of time between these date ranges from
Peak Production Date. 20 – 50 years… Average is around 40 years…

Source: ASPO newsletter


Oil Discovery and Production History: Algeria

ALGERIA Regular Oil

Rates Mb/d

Consumption 2003 0.17


Algeria
per person b/a 1.9 1400 12

Discovery Gb (shaded)
Production 2003 1.0

Forecast 2010 1.2 1200 10

Production kb/d
Forecast 2020 0.85

Discovery 5-yr average Gb 0.03 1000


8
Amounts Gb

Past Production 12.5 800


Reported Proved Reserves* 11.3
6
Future Production - total 15.5
600
From Known Fields 13.3 4
400
From New Fields 2.2

Past and Future Production 28


200 2
Current Depletion Rate 2.4%

Depletion Midpoint Date 2006


0 0
Peak Discovery Date 1956 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2006

Source: ASPO newsletter


Oil Discovery and Production History: Angola

ANGOLA Regular Oil Deep Total


Water
ANG O LA
Rates Mb/d

Consumption 2002 14
2 .0
per person b/a 1

Production 2002 0.7 0 0 1 .8


Forecast 2010 0.5 0.5 1.0 1 .6
Forecast 2020 0.3 1.5 1.8
1 .4
Discovery 5-yr average Gb 0.2 1.5 1.5
1 .2

Production Mb/d
Amounts Gb

Past Production 4.3 0 4.3 1 .0


Reported Proved Reserves* 5.4 0 .8
Future Production - total 5.5 10 15
0 .6
From Known Fields 5.2 9 14
0 .4
From New Fields 0.2 1 1.2

Past and Future Production 10 10 20 0 .2


Current Depletion Rate 5% 0 .0
Depletion Midpoint Date 2004 2011 2011 1 9 3 01 9 4 01 9 5 01 9 6 01 9 7 01 9 8 01 9 9 02 0 0 02 0 1 02 0 2 02 0 3 02 0 4 02 0 5 0
Peak Discovery Date 1971 1998 1998

Peak Production Date 2004 2020 2019


R e g u la r ODil e e p w a te r " B "

Regular is Deep Water fields


Peaking Come to rescue

Source: ASPO newsletter


Oil Discovery and Production History: Argentina

ARGENTINA Regular Oil

Rates Mb/d

Consumption 2002 0.4

per person b/a 3.8

Production 2002 0.75

Forecast 2010 0.43

Forecast 2020 0.2

Discovery 5-yr average Gb 0.1

Amounts Gb

Past Production 8.3

Reported Proved Reserves* 2.9

Future Production - total 3.7

From Known Fields 3.2

From New Fields 0.5

Past and Future Production 12

Current Depletion Rate 6.8%

Depletion Midpoint Date 1994

Peak Discovery Date 1960

Peak Production Date 1998

Production Already
Peaked in 1998

Source: ASPO newsletter


Oil Discovery and Production History: Australia

AUSTRALIA Regular Oil

Rates Mb/d

Consumption 2002 0.84

per person b/a 0.042

Production 2002 0.63

Forecast 2010 0.45

Forecast 2020 0.29

Discovery 5-yr average Gb 0.3

Amounts Gb

Past Production 5.8

Reported Proved Reserves* 3.5

Future Production 5.2

From Known Fields 3.9

From New Fields 1.4

Past and Future Production 11

Current Depletion Rate 4.2%

Depletion Midpoint Date 2001

Peak Discovery Date 1967

Peak Production Date 2000

Production Already
Peaked in 2000

Source: ASPO newsletter


Oil Discovery and Production History: Azerbaijan

AZERBAIJAN Regular Oil

Rates Mb/d

Consumption 2003 0.08


Azerbaijan
per person b/a 4.1 900 6

Discovery Gb (shaded)
Production 2003 0.3

Forecast 2010 0.8


800
5

Production kb/d
Forecast 2020 0.7
700
Discovery 5-yr average Gb 0.01
4
Amounts Gb 600
Past Production 8.23

Reported Proved Reserves* 7.00


500 3
Future Production - total 14.7
400
From Known Fields 12.7 2
From New Fields 2.1 300
Past and Future Production 23 1
Current Depletion Rate 0.74%
200
Depletion Midpoint Date 2014
100 0
Peak Discovery Date 1871 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2009

Source: ASPO newsletter


Oil Discovery and Production History: Brazil

Brasil

Regular Deep Total


water

Rates Mb/d

Consumption 2002 1.86

per person b/a 3.6

Production 2002 0.11 .77 0.9

Forecast 2010 0.06 2 2.1

Forecast 2020 0.03 1.5 1.8

Discovery 5-yr average Gb 0.002 .03

Amounts Gb

Past Production 4.5 2 6.5

Reported Proved Reserves 8.3 -

Estimated Future Production to 2075

From Known Fields 0.6 12.5 13

From New Fields 0.8 3.9 5

Future Total 1.5 16.5 18

Past and Future Production 6.0 18.5 25

Current Depletion Rate 7% 2.8%

Depletion Midpoint Date 1991 2012

Peak Discovery Date 1975 1996

Peak Production Date 1997 2012

Regular Peaked Deep Water fields


In 1997 Come to rescue

Source: ASPO newsletter


Oil Discovery and Production History: China

CHINA Regular Oil

Rates Mb/d

Consumption 2003 5.4


China
per person b/a 1.6 3500 14

Discovery Gb (shaded)
Production 2003 3.4

Forecast 2010 2.6 3000 12

Production kb/d
Forecast 2020 1.7

Discovery 5-yr average Gb 0.04 2500 10


Amounts Gb

Past Production 29.8 2000 8


Reported Proved Reserves* 18.3

Future Production - total 30.2


1500 6
From Known Fields 24.3
1000 4
From New Fields 5.8

Past and Future Production 60


500 2
Current Depletion Rate 3.9%

Depletion Midpoint Date 2003


0 0
Peak Discovery Date 1959 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2003

Production Already
Peaked in 2003

Source: ASPO newsletter


Oil Discovery and Production History: Colombia

Colombia

Rates Mb/d Colombia


Consumption 2001 0.23

Production 2001 0.86


1000 1.2
Forecast 2010 0.39

Forecast 2020 0.24


1
Discovery 5-year average (Gb) 0.07 800
Amounts Gb

DiscoveryGb(bars)
0.8

Productionkb/d
Past Production 5.54

Reported Proved Reserves 1.75


600
Estimated Future Production to 2075 0.6
From Known Fields 3.94
400
From New Fields 0.53 0.4
Future Total 4.46

Total Production to 2075 10.00 200


0.2
Current Depletion Rate 4.9%

Depletion Midpoint Date 1999


0 0
Peak Discovery Date 1992 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1999

Production Already
Peaked in 1999

Source: ASPO newsletter


Oil Discovery and Production History: Ecuador

KUWAIT Regular Oil

Rates Mb/d

Consumption 2002 0.132

per person b/a 4.0

Production 2003 0.34

Forecast 2010 0.39

Forecast 2020 0.37

Discovery 5-yr average Gb 0.02

Amounts Gb

Past Production 3.3

Reported Proved Reserves* 4.6

Future Production - total 4.7

From Known Fields 4.4

From New Fields 0.3

Past and Future Production 8

Current Depletion Rate 3.6%

Depletion Midpoint Date 2007

Peak Discovery Date 1969

Peak Production Date 2004

Peaking

Source: ASPO newsletter


Oil Discovery and Production History: Egypt

EGYPT Regular Oil

Rates Mb/d

Consumption 2002 0.55


Egypt
per person b/a 2.9 1000 2

Discovery Gb (shaded)
Production 2002 0.27

Forecast 2010 0.17

Production kb/d
Forecast 2020 0.09
800
1.5
Discovery 5-yr average Gb 0.05

Amounts Gb
600
Past Production 8.7

Reported Proved Reserves* 3.7


1
Future Production 4.3 400
From Known Fields 3.5

From New Fields 0.8 0.5


Past and Future Production 13
200
Current Depletion Rate 5.9%

Depletion Midpoint Date 2007


0 0
Peak Discovery Date 1965 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1995

Production Already
Peaked in 1995

Source: ASPO newsletter


Oil Discovery and Production History: Germany

0 .4 5 180
0 .4 160
0 .3 5 140
0 .3 120

Production kb/d
Discovery Gb
0 .2 5 100
0 .2 80
0 .1 5 60
0 .1 40
0 .0 5 20
0 0
1930 1950 1970 1990 2010 2030 2050

Production Already
Peaked before 1970

Source: ASPO
Oil Discovery and Production History: Indonesia

INDONESIA

Rates Mb/d INDONESIA


Consumption 2001 1.065

Production 2001 1.200


2000 5

Forecast 2010 0.83

Forecast 2020 0.56


4
Discovery 5-year average (Gb) 0.29 1500
Amounts Gb

Discovery Gb (bars)
Production kb/d
Past Production 19.41 3
Reported Proved Reserves 5.00
1000
Estimated Future Production to 2075

From Known Fields 9.00 2


From New Fields 1.59

Future Total 10.59 500


1
Total Production to 2075 30.00

Current Depletion Rate 4.0%

Depletion Midpoint Date 1992 0 0


Peak Discovery Date 1955 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1977

Note: Being an OPEC member, Indonesia has no more


Production Already extra capacity to export anymore in mid of 2004… There
Peaked in 1977 are importing now.
Export = Production - Consumption

Source: ASPO newsletter


Oil Discovery and Production History: Iran

IRAN Regular Oil

Rates Mb/d

Consumption 2002 1.1


Iran
per person b/a 6.1 7000 30

Discovery Gb (shaded)
Production 2002 3.45

Forecast 2010 4.7 6000 25

Production kb/d
Forecast 2020 3.6

Discovery 5-yr average Gb 1.4 5000


20
Amounts Gb

Past Production 54 4000


Reported Proved Reserves* 90
15
Future Production - total 76
3000
From Known Fields 68 10
2000
From New Fields 8

Past and Future Production 130


1000 5
Current Depletion Rate 1.6%

Depletion Midpoint Date 2009


0 0
Peak Discovery Date 1961 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1974

Production Already
Peaked in 1974

Source: ASPO newsletter


Oil Discovery and Production History: Iraq

Iraq – Conventional

Rates Mb/d
Iraq
Consumption 2001 0.4
Peace Scenario

Discovery Gb (shaded)
5000 30
Production 2001 2.0

Production kb/d
Forecast 2010 3.0 25
4000
Forecast 2020 4.5
20
Discovery 5-year average (Gb) 0.06 3000
15
Amounts Gb
2000
Past Production 27 10

Reported Proved Reserves 113 1000


5
Estimated Future Production to 2075
0 0
From Known Fields 95 1930 1950 1970 1990 2010 2030 2050

From New Fields 13

Future Total 108

Past and Future Production 135


Iraq
War Scenario
Current Depletion Rate 0.7%

Discovery Gb (shaded)
5000 30
Depletion Midpoint Date 2021
4500
Production kb/d

Peak Discovery Date 1948 25


4000
Peak Production Date 2013 3500
20
3000
2500 15
2000
10
1500
World 2nd Largest 1000
5
500
Oil Reserved 0 0
1930 1950 1970 1990 2010 2030 2050

Source: ASPO newsletter


Oil Discovery and Production History: Italy

ITALY Regular Oil

Rates Mb/d

Consumption 2003 1.94

per person b/a 12.2

Production 2003 0.9

Forecast 2010 0.8

Forecast 2020 0.6

Discovery 5-yr average Gb 0.01

Amounts Gb

Past Production 0.91

Reported Proved Reserves* 0.62

Future Production - total 1.1

From Known Fields 0.69

From New Fields 0.4

Past and Future Production 2.0

Current Depletion Rate 3.1%

Depletion Midpoint Date 2005

Peak Discovery Date 1981

Peak Production Date 1997

Production Already
Peaked in 1997

Source: ASPO newsletter


Oil Discovery and Production History: Kuwait

KUWAIT Regular Oil

Rates Mb/d

Consumption 2002 0.23


Kuwait
per person b/a 42 3000 70

Discovery Gb (shaded)
Production 2003 1.85

Forecast 2010 2.6


2500 60

Production kb/d
Forecast 2020 2.5

Discovery 5-yr average Gb 0.0 50


2000
Amounts Gb

Past Production 35 40
Reported Proved Reserves* 96.5
1500
Future Production - total 58.5
30
From Known Fields 53.6 1000
20
From New Fields 4.9

Past and Future Production 90 500 10


Current Depletion Rate 1.1%

Depletion Midpoint Date 2018


0 0
Peak Discovery Date 1938 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1971

Production Already
Peaked in 1971

Source: ASPO newsletter


Oil Discovery and Production History: Libya

LIBYA Regular Oil

Rates Mb/d

Consumption 2002 0.15


Libya
per person b/a 9.1 3500 16

Discovery Gb(shaded)
Production 2002 1.3

Forecast 2010 1.4 3000 14

Production kb/d
Forecast 2020 1.2
12
Discovery 5-yr average Gb 0.1 2500
Amounts Gb 10
Past Production 23 2000
Reported Proved Reserves* 29.5
8
Future Production - total 32
1500
6
From Known Fields 29
1000
From New Fields 3.2 4
Past and Future Production 55
500 2
Current Depletion Rate 1.5%

Depletion Midpoint Date 2011


0 0
Peak Discovery Date 1961 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1970

Production Already
Peaked in 1970

Source: ASPO newsletter


Oil Discovery and Production History: Mexico

MEXICO Regular Oil

Rates Mb/d
O il D is c o v e r y a n d P r o d u c tio n o f M e x ic o
Consumption 2002 1.8
1 .2 0 1 8 .0 0
per person b/a 6.6

Production 2002 3.2

Forecast 2010 2.0 1 .0 0

Forecast 2020 1.2

Discovery 5-yr average Gb 0.1 0 .8 0 1 2 .0 0

Production [Gb/a]
Amounts Gb

Discovery [Gb]
Shaded
Past Production 23
0 .6 0
Reported Proved Reserves* 28.6

Future Production - total 21

From Known Fields 17


0 .4 0 6 .0 0

From New Fields 4.2

Past and Future Production 50 0 .2 0


Current Depletion Rate 5.2%

Depletion Midpoint Date 1999


0 .0 0 0 .0 0
Peak Discovery Date 1977 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2002 Year

Production Already
Peaked in 2002

Source: ASPO newsletter


Oil Discovery and Production History: Nigeria

Nigeria

Regular Deep Total Nigeria


water

Rates Mb/d
3500

Production kb/d
Consumption 2002 ? 3000
per person b/a ?
2500
Production 2002 1.9 0.15 2.0

Forecast 2010 1.9 1.2 3.1 2000


Forecast 2020 1.5 0 1.5
1500
Discovery 5-yr average Gb 0.6 0.9

Amounts Gb 1000
Past Production 22.4 - 22.4
500
Reported Proved Reserves 24. 4.5 24

Estimated Future Production to 2075 0


1930 1950 1970 1990 2010 2030 2050
From Known Fields 30 4.5 34.5

From New Fields 2.6 3.0 5.6 Regular Oil Deepwater


Future Total 33 7.5 40.5

Past and Future Production 55 7.5 62.5

Current Depletion Rate 2.1% -

Depletion Midpoint Date 2009 2009

Peak Discovery Date 1967 2001

Peak Production Date 1979 2009

Regular Peaked Deep Water Fields


In 1979 Come to rescue

Source: ASPO newsletter


Oil Discovery and Production History: Norway

Norway – Conventional Oil

Rates Mb/d

Consumption 2001 0.2


Norway
Production 2001 3.1 3500 6

Discovery Gb (shaded)
Forecast 2010 1.8

Forecast 2020 0.9 3000 5

Production kb/d
Discovery 5-year average (Gb) 0.013

Amounts Gb 2500
4
Past Production 16.3

Reported Proved Reserves 9.5 2000


Estimated Future Production to 2075
3
From Known Fields 14
1500
From New Fields 1.4 2
1000
Future Total 16

Past and Future Production 32


500 1
Current Depletion Rate 7%

Depletion Midpoint Date 2003


0 0
Peak Discovery Date 1979 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2003

Production Already
Peaked in 2003

Source: ASPO newsletter


Oil Discovery and Production History: Oman

OMAN Regular Oil

Rates Mb/d

Consumption 2003 0.03?


Oman
per person b/a 2.0 1000 2.5

Discovery Gb (shaded)
Production 2003 0.82

Forecast 2010 0.62

Production kb/d
Forecast 2020 0.41
800 2
Discovery 5-yr average Gb 0.01

Amounts Gb
600 1.5
Past Production 7.3

Reported Proved Reserves* 5.5

Future Production - total 7.2 400 1


From Known Fields 7.0

From New Fields 0.2

Past and Future Production 14.5


200 0.5
Current Depletion Rate 3.9%

Depletion Midpoint Date 2003


0 0
Peak Discovery Date 1962 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2001

Production Already
Peaked in 2001

Source: ASPO newsletter


Oil Discovery and Production History: Peru

PERU Regular Oil

Rates Mb/d

Consumption 2003 0.15


Peru
per person b/a 2.2 250 0.5

Discovery Gb (shaded)
Production 2003 0.087

Forecast 2010 0.072

Production kb/d
Forecast 2020 0.055
200 0.4
Discovery 5-yr average Gb 0.001

Amounts Gb
150 0.3
Past Production 2.36

Reported Proved Reserves* 0.29

Future Production - total 1.14 100 0.2


From Known Fields 0.71

From New Fields 0.043

Past and Future Production 3.5


50 0.1
Current Depletion Rate 2.7%

Depletion Midpoint Date 1988


0 0
Peak Discovery Date 1861 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1983

Production Already
Peaked in 1983

Source: ASPO newsletter


Oil Discovery and Production History: Russia

RUSSIA Regular Oil

Rates Mb/d

Consumption 2002 2.46


Russia
per person b/a 6.0 12000 35

Discovery Gb (shaded)
Production 2002 7.39

Forecast 2010 9.34


10000 30

Production kb/d
Forecast 2020 4.85

Discovery 5-yr average Gb 0.5 25


8000
Amounts Gb

Past Production 121 20


Reported Proved Reserves* 60
6000
Future Production - total 79
15
From Known Fields 63 4000
10
From New Fields 15

Past and Future Production 200 2000 5


Current Depletion Rate 3%

Depletion Midpoint Date 1992


0 0
Peak Discovery Date 1960 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1987

Production Already
Peaked in 1987

Source: ASPO newsletter


Oil Discovery and Production History: Saudi Arabia

Saudi Arabia

Rates Mb/d Saudi Arabia


Consumption 2001 1.34

Production 2001 6.47 10000 120

Discovery Gb (bars)
Forecast 2010 9.69

Production kb/d
Forecast 2020 8.78 100
8000
Discovery 5-year average (Gb) 0.66

Amounts Gb
80
Past Production 91 6000
Reported Proved Reserves 259
60
Estimated Future Production to 2075

From Known Fields 194 4000


From New Fields 14 40
Future Total 209
2000
Total Production to 2075 300 20
Current Depletion Rate 1.1%

Depletion Midpoint Date 2020


0 0
Peak Discovery Date 1948 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 2012

World Largest When Saudi peak, the world supply peak.


Oil Reserved

Source: ASPO newsletter


Oil Discovery and Production History: Syria

SYRIA

Rates Mb/d

Consumption 2001 0.265


SYRIA
Production 2001 0.515
600 2
Forecast 2010 0.261

Forecast 2020 0.123

Discovery Gb (bars)
500

Production kb/d
Discovery 5-year average (Gb) 0.006

Amounts Gb
1.5
Past Production 3.60 400
Reported Proved Reserves 2.50

Estimated Future Production to 2060 300 1


From Known Fields 2.01

From New Fields 0.39 200


Future Total 2.40 0.5
Total Production to 2060 6.00
100
Current Depletion Rate 7.3%

Depletion Midpoint Date 1998


0 0
Peak Discovery Date 1966 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1995

Production Already
Peaked in 1995

Source: ASPO newsletter


Oil Discovery and Production History: Trinidad

TRINIDAD Regular Oil

Rates Mb/d

Consumption 2002 0.01


Trinidad
per person b/a 3.9 250 0.7

Discovery Gb (shaded)
Production 2002 0.13

Forecast 2010 0.09 0.6

Production kb/d
Forecast 2020 .007
200
Discovery 5-yr average Gb 0.01 0.5
Amounts Gb
150
Past Production 3.2 0.4
Reported Proved Reserves* 0.72
0.3
Future Production - total 1.3 100
From Known Fields 1.1
0.2
From New Fields 0.2

Past and Future Production 4.5


50
0.1
Current Depletion Rate 3.4%

Depletion Midpoint Date 1983


0 0
Peak Discovery Date 1969 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1978

Production Already
Peaked in 1978

Source: ASPO newsletter


Oil Discovery and Production History: Turkey

TURKEY Regular Oil

Rates Mb/d

Consumption 2003 0.64


Turkey
per person b/a 3.6 100 0.25

Discovery Gb (shaded)
Production 2003 0.043

Forecast 2010 0.033

Production kb/d
Forecast 2020 0.021
80 0.2
Discovery 5-yr average Gb 0.001

Amounts Gb
60 0.15
Past Production 0.84

Reported Proved Reserves* 0.30

Future Production - total 0.36 40 0.1


From Known Fields 0.20

From New Fields 0.16

Past and Future Production 1.2


20 0.05
Current Depletion Rate 4.4%

Depletion Midpoint Date 1992


0 0
Peak Discovery Date 1969 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1991

Production Already
Peaked in 1991

Source: ASPO newsletter


Oil Discovery and Production History: United Kingdom

United Kingdom

Rates Mb/d United Kingdom


Consumption 2001 1.65

Production 2001 2.26 3000 6


Forecast 2010 1.31

Discovery Gb (bars)
Forecast 2020 0.72 2500 5

Production kb/d
Discovery 5-year average (Gb) 0.21

Amounts Gb
2000 4
Past Production 18.78

Reported Proved Reserves 4.93


1500 3
Estimated Future Production to 2075

From Known Fields 11.1

From New Fields 2.1 1000 2


Future Total 13.2

Total Production to 2075 32 500 1


Current Depletion Rate 6.1%

Depletion Midpoint Date 1998


0 0
Peak Discovery Date 1974 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1999

Production Already
Peaked in 1999

Source: ASPO newsletter


Oil Discovery and Production History: USA

USA – Conventional

Rates Mb/d

Consumption 2001 19.63


USA
Production 2001 4.4
10000

Production kb/d
Forecast 2010 2.6

Forecast 2020 1.4


8000
Discovery 5-year average (Gb) 0.1

Amounts Gb

Past Production 169


6000
Reported Proved Reserves 22

Estimated Future Production to 2075


4000
From Known Fields 20

From New Fields 6.4


2000
Future Total 26

Past and Future Production 195 0


1930 1950 1970 1990 2010 2030 2050
Current Depletion Rate 6%

Depletion Midpoint Date 2003 US-48 Alaska


Peak Discovery Date 1930
Deepwater >500m
Peak Production Date 1971

Note also the Depletion Rate….


Production Already It simply means, even if there is no growth in demand, USA still
Peaked in 1971 has to import more to cover their own depletion of production
every year… What about the growth in demand for economy?

Source: ASPO newsletter


Oil Discovery and Production History: Venezuela

Venezuela – Conventional

Rates Mb/d

Consumption 2001 0.49


Venezuela
Production 2001 2.4 3500 8

Discovery Gb (shaded)
Forecast 2010 2.1

Forecast 2020 1.8 3000

Production kb/d
Discovery 5-year average (Gb) 0.1
6
Amounts Gb 2500
Past Production 45

Reported Proved Reserves 78 2000


Estimated Future Production to 2075 4
From Known Fields 43 1500
From New Fields 6.7
1000
Future Total 50 2
Total Production to 2075 95
500
Current Depletion Rate 1.7%

Depletion Midpoint Date 2003


0 0
Peak Discovery Date 1941 1930 1950 1970 1990 2010 2030 2050
Peak Production Date 1970

Production Already
Peaked in 1970

Source: ASPO newsletter


Oil Discovery and Production History: WORLD

Peak Discovery 1964


140 40
120 35
Discoveries, Gb/a

30

Production, Gb/a
100 Peak
Discovery 25
80
20
60 High Prices
Curb Demand 15
40 10
20 5
0 0
1930 1950 1970 1990 2010 2030 2050

Production is Projected to be
Peaked by 2007- 2015
Data Accuracy

• The data used in this presentation is from ASPO, where they


collected from many sources, all of which are in varying degrees
unreliable.

• Nevertheless the general pattern of growth, peak and decline of


discovery followed by production is compelling.

The experts agreed that there is no best


method to forecast the exact date. A
prediction of the peak can only be confirmed
by a rear-view mirror… Which means people
can only know the exact date after it has
passed by.

Source: ASPO
The Growing Gap

60
Past Discovery
50
Future Discovery
40 Production
Gb

30

20

10

0
1930 1950 1970 1990 2010 2030 2050

Now, we are using 4 barrels and discover 1 barrel.


The Gap is GROWING…

Source: ASPO
When Peak Oil arrive, what may happen?

No one know exactly what will happen, the following depicts two scenarios in the opposite extreme
case…

Worst Scenario: In an improperly informed or prepared societies, a Domino Effect that setting off
a chain reaction that destroy the necessary conditions required for a sustainable population.

Sustainable Population
Supply

Cheap Food Supply


y

World Peace
om
n

Water
n
tio

co
a
liz

dE
l
Oi
ri a

ap

Cheap
rl
st

e
Wo
du

Ch
In

Best Scenario: A well informed and cooperative societies that work peacefully to share (ration)
the remaining resources, first time in our human history.
YOU CANNOT LET OTHERS DO YOUR THINKING FOR YOU!

• The OBJECTIVES of this presentation are:


1) to create an awareness, and
2) to raise the interest of the readers to find out more about the “Peak Oil”
subject for themselves, though asking Questions which may concern their near
future benefits (within a decade).

• Just a Recommendations:
1) Do Not fall into any mind trap in thinking negatively about the situation…,
2) Do NOT artificially force to think positively about the situation, too.
3) DO think Neutral and Realistic… and find out more about it and the impact… and
judge them by yourself.
For those who may have some interest…. 1

If you just do a Google search…for “Peak Oil”.


It reports back as Results 1 - 10 of about 1,850,000 matched. (dated 27 Sep 2004).

The trouble would be too much material in the web to get started nowadays, not too little…
To save some time, the following is a list of some good websites that you might want to surf the net
to find more infomation… Just click on the link…

• ASPO the Association for the Study of Peak Oil


http://www.peakoil.net/
This is known as the official site for Peak Oil. There are many relevant materials in various format from Video (in
Real Media), MP3, PowerPoint and PDF presentations….

• The Wolf at the Door – The Beginner’s Guide to Oil Depletion


http://www.wolfatthedoor.org.uk
Since many have heard about energy crisis a couple of times, like in the 70s when US was peaked… and
naturally thinking that some people is crying wolf again... Back up with well research and organized data, the
webmaster of this site is trying to convince people that this time is for real, and The Wolf is already at the Door. It is
interesting to read about the guess book too.

• Simmons & Company International


http://www.simmonsco-intl.com/research.aspx?Type=msspeeches
Matthew R. Simmons, had been the energy adviser for President Bush, chairman and CEO of Simmons &
Company International (Energy Investment Banker), had posted MANY presentations for his investors in energy
sector. Whether you invest or not, the presentation are equally informative, and some of them are quite
entertaining…
For those who may have some interest…. 2

• Global Public Media


http://www.globalpublicmedia.com/
One of the easiest way to get informed is to use the video/audio media from this site. Need a broadband
connection, otherwise it is too slow.

• Life after the Oil Crash


http://www.lifeaftertheoilcrash.net/Introduction.html
This web owner is trying to predict and present the worst scenario. Nothing can get more worst than his
prediction. As the web owner is a lawyer, it have to acknowledge that he can tell stories very well…

• Energy Bulletin – Keep Up to Date


http://www.energybulletin.net/news.php
An excellent site to keep update on all relevant news with peak oil.

• Petroleum Education Stuff…


http://www.energybulletin.net/news.php
Telling people how oil is formed, what are the byproducts for petroleum etc…
Also telling people that most people have the wrong idea of how oil is formed.

Pretty entertaining…

http://www.leeric.lsu.edu/bgbb/2/mis_formation.html
Last But Not least

“The world is a Dangerous Place, not because of those who do evil, but because of
those who look and do nothing.” – Albert Einstein.

If you receive this short presentation… It means that someone is trying to make sure
you are not the last group of people who never hear about “Peak Oil”.

It is OK to totally ignore this presentation. Anyway, sooner or later, everyone will come
to hear and face about this from the mainstream media, the high oil price, etc...

This is a Green presentation. Just let it print on 100% recycle electrons… It would help
to prolong the “Peak Wood” scenario…

Best Regards
KH Tang http://blessedfool.blogspot.com/
28 Sep 2004

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