Another Trillion dollars plus in new oil field West of Shetland

ronaroidge.png

https://www.hurricaneenergy.com/operations/hurricane-assets

© Hurricane Energy

Reported today in HPR UK:

‘Australian company Spark Exploration could be sitting on oil reserves north of 1 billion barrels in the Rona Ridge area in West of Shetland waters. The biggest of its prospects, Bader, is right next door to Hurricane Energy’s huge, perhaps ultimately multi-billion barrels Lancaster-Halifax oilfield complex where long-term early production from the Lancaster part is scheduled to start within three or four months. Spark directors James Jordan and Dr Mark Pay told delegates at the recent annual PESGB (Petroleum Exploration Society of Great Britain) Prospect Fair in London that “mean prospective resources” range 676 million to 1.28 billion barrels of oil depending on whether the prospect is geologically separated from Halifax or not.’

https://hpruk.com/energy-voice-spark-looks-to-ignite-interest-in-billion-barrel-west-of-shetland-offering/

oilgraph

https://screenshots.firefox.com/7127CCziHQ8y8Buu/www.statista.com

Taking the lower prediction of $1.2 billion at $80 per barrel, we get a staggering $960 billion from just the Spark Exploration area. The whole Rona ridge is predicted to hold at least 2.6 billion barrels or more than $2 trillion!

https://www.hurricaneenergy.com/operations/hurricane-assets

With production costs now lower than $15 per barrel, there are serious profits and tax revenue to be made over the next 30 years.

https://oilprice.com/Energy/Energy-General/BP-Cuts-North-Sea-Production-Costs-In-Half.html

 

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7 thoughts on “Another Trillion dollars plus in new oil field West of Shetland

  1. Piotr December 22, 2018 / 12:07 pm

    We need this like a hole in the head!

    Like

  2. Alistair December 22, 2018 / 5:53 pm

    Rich, polluting SNP bastards.

    Liked by 1 person

  3. Craig December 22, 2018 / 6:17 pm

    How on earth would an indepenent Scotland manage with all this oil to look after?
    : )

    Like

  4. Craig December 22, 2018 / 6:18 pm

    #independent

    Like

  5. Finnmacollie December 23, 2018 / 12:52 pm

    Halifax, Lincoln, Lancaster, Warwick. Seems to be a theme developing here. Can’t quite put my finger on it…maybe my lack of knowledge on Pictish place names.

    Like

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