Livale
JF-Expert Member
- Jun 12, 2016
- 739
- 588
As usual, lots of words, zero proven facts. I'll otherwise bring you to light on those factorsOne question sir, can you just tell me how much oil will be available from that one billion barrels?, remember that it is only 30% of the amount discovered can be extracted, that is the science of oil, you can't fight againts it, read all documents on oil engineering will tell you the same, and this amount which can be extracted is refered as recoverble oil, Uganda with 6B barrels discovered, they do expect to recover only 1.6B, so why do you think Kenya can recover 100% of its oil?.
1)Countries/companies on declaring oil findings term the as oil reserves. Oil reserves denote the amount of crude oil that can be technically recovered with financial viability at the prevailing price of oil. So when you hear them say Ugandan oil reserves are say 5mn barrels, that is the amount of recoverable oil in Uganda. The total oil find could be way higher but that figure is of no importance as it ain't viable
2)Oil recovery is split into 3. 1st is primary recovery whereby water displacing oil naturally, natural gas at the top expanding etc push up to 15% the oil out of the well naturally. 2nd is secondary recovery whereby around 30% of the oil is forced out via gas/water injection into the reservoir to force out the oil. Last is enhanced recovery in which viscosity of the oil is altered by either heating or adding surface detergents hence enable it to be pumped out. That is another 5-15% of oil.
A total 50%-60% of all oil finds, which is thus termed as oil reserves/recoverable oil. Where you got your 30% I know not, if it's from Geza then it would be wise to know that he's not a viable source of info
So friend, Kenya's oil reserves/recoverable oil is that 750mn you so wish to reduce, yapping about it won't reduce it. And that is at current prices of $50per barrel. Any increment in the price increases our proven reserves thanks to enhanced recovery or step No 3