Repsol-led group makes big oil, gas f...

Repsol-led group makes big oil, gas find off coast of Brazil

There are 1 comment on the The Globe and Mail story from May 25, 2012, titled Repsol-led group makes big oil, gas find off coast of Brazil. In it, The Globe and Mail reports that:

Spanish oil firm Repsol confirmed a large oil and gas find off Brazil on Thursday in a discovery that is likely to attract more explorers to one of the world's hottest regions for oil and gas drilling.

Join the discussion below, or Read more at The Globe and Mail.

Dwight Baker

Eagle Pass, TX

#1 May 25, 2012
RISKS increased REWARDS what NOW could go wrong?
By Dwight Baker
[email protected]
ARTICLE
Repsol-led group makes big oil, gas find off coast of Brazil
MADRID/OSLO— Reuters
Last updated Thursday, May. 24, 2012 2:57PM EDT
http://www.theglobeandmail.com/report-on-busi... ?
EXCERPT
Oil firms in Brazil such as Petrobras, Royal Dutch Shell and Chevron, are expected to produce more than eight million barrels of oil equivalent a day by 2020, an amount that could allow Brazil to surpass the United States as the world’s No. 3 oil producer after Russia and Saudi Arabia.

Most of that oil is expected to come from giant, deep-water oil fields off Brazil’s coast near Rio de Janeiro and Sao Paulo, including the Campos Basin, home to several billion-barrel-plus fields and some of the world’s largest discoveries in the past 30 years.

The country’s main offshore regions, the Campos Santos Basins, contain as much as 100 billion barrels of oil, according to the Brazilian Petroleum Institute at the State University of Rio de Janeiro.

That would be enough to supply all of the needs of the United States, the largest consumer, for about 14 years, according to BPI and Reuters calculations.

The discovery, in so-called pre-salt blocks, also improves prospects for exploration off Angola, on the other side of the Atlantic, as the two areas have similar geology.

MY TAKE

I don’t want to rain on the parade BUT the prospect of un-controlled blowout is extreme. First the depth of the water is forbidding next the deep oil and gas find has extreme pressures, then the present day blow out preventers being used by all are not pressure rated accurately. Meaning the annular preventers will only hold back if in perfect condition 5,000PSI. Then what is far worse the blind rams pipe rams and shear rams will only hold back 5,000PSI when in perfect condition.

Meaning that API the rating entity has set standards for the blow out preventors but the pressure ratings are set on the shell of the bodies not the internals to hold back the pressures rated for. Therefore a BOP rated at 15,000PSI will only hold back 5,000PSI.

Accordingly the wells drilled into the pre salt formations thus far have had in excess of virgin pressures over 10,000PSI.

So What Now? The drillers are risking all to find then set in motion the completion of these high pay out wells. But the question is this “Why take those risks when there is a better BOP to be had’?

The better BOP is patent pending its name is TOTAL Fail Safe blowout Container and I am the inventor.

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