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Talisman Says North Sea Discovery May Hold 100 Million Barre

Bloomberg -- Talisman Energy Inc., the Canadian oil explorer with reserves in North America, Europe and Asia, said a previously announced discovery in the U.K.’s North Sea may hold more than 100 million barrels of oil.

Calgary-based Talisman drilled two appraisal sidetracks to its Shaw discovery in Block 22/22a, the first of which tested at 7,700 barrels of oil equivalent a day, the company said today in a statement. It didn’t say how much oil may be recoverable.

Talisman is reviewing options for a development via its operated Montrose/Arbroath facilities in the area, the company, which operates the field with a 59 percent working interest, said. Japan’s Marubeni Corp. holds the rest.

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Submitted Nov 03, 2009 By: ziyulu

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LetemEatCake Champion Author Oklahoma City Posts:2,155 Points:274,180 Joined:Mar 2008	Message Posted: Nov 4, 2009 8:21:43 PM Ignore LetemEatCake Report Abuse Art48.. Good point. Considering the US uses approximately 20M barrels per day. How long will this field last even if these numbers are accurate? nojsts... Prices will not be effected by this 'maybe' new strike.
nojsts Champion Author St. Louis Posts:13,010 Points:2,621,595 Joined:May 2002	Message Posted: Nov 4, 2009 6:27:26 AM Ignore nojsts Report Abuse Go get it, refine it and keep the prices down.
spiderjay Champion Author Little Rock Posts:1,523 Points:389,535 Joined:Oct 2005	Message Posted: Nov 4, 2009 3:19:22 AM Ignore spiderjay Report Abuse what are we waitting for go get it
HailstormCA Champion Author San Diego Posts:2,198 Points:355,240 Joined:Nov 2008	Message Posted: Nov 4, 2009 12:30:39 AM Ignore HailstormCA Report Abuse The key word in this story is "may" hold more than 100 million barrels of oil.
granitestater Champion Author New Hampshire Posts:2,317 Points:352,390 Joined:Oct 2008	Message Posted: Nov 3, 2009 11:52:13 PM Ignore granitestater Report Abuse I've said it before. Don't worry about domestic production. We just suck dry the rest of the planet and then have a monopoly when the world comes here...
Art48 Veteran Author Sacramento Posts:438 Points:18,095 Joined:Feb 2009	Message Posted: Nov 3, 2009 11:31:56 PM Ignore Art48 Report Abuse Sounds big. But a super tanker holds more than 3,000,000 barrels. How long will this field last?
hank1326 Champion Author Los Angeles Posts:2,576 Points:484,965 Joined:Jun 2008	Message Posted: Nov 3, 2009 11:19:31 PM Ignore hank1326 Report Abuse Huge ditto to altima2008. Unfortunately, the aimless and clueless new prez got plenty of myopic followers in DC.
judgemobile Champion Author Ohio Posts:1,499 Points:1,227,540 Joined:Nov 2005	Message Posted: Nov 3, 2009 10:50:33 PM Ignore judgemobile Report Abuse They make HUGE finds in Gulf of Mexico and the North Sea, but O'Bummer won't let us drill here. Who's side is he on ???
PnnyPnchr Champion Author Toronto Posts:13,474 Points:1,810,560 Joined:Dec 2002	Message Posted: Nov 3, 2009 10:49:54 PM Ignore PnnyPnchr Report Abuse 100 million barrels is a drop in the bucket. 100 billion is more like it ...
rodzilla123 Sophomore Author San Diego Posts:169 Points:141,340 Joined:Jul 2008	Message Posted: Nov 3, 2009 10:47:54 PM Ignore rodzilla123 Report Abuse No matter how much oil is out there, the Europeans and OBAMMAMAU and the DEM's want to lower your standard of living with their GlobAl One World EnvironmentAl Crap and Tax Treaty. Thats why Frau Merkil was here in America today addressing our Congress to push her/their GlobAl Warming crap. A report out today says our buddy Al Gore has made over $2,000,000.00 in the last 3 or 4 years on this very subject of GlobAl Warming. I can tell you, Al F-ing Gore dosent believe in GlobAl Warming any more than All the Dems or I do. What He dose believe in is He and they can make Money off of it and gain more Control and Power over the people of this country using it. Like the Med Bill, Boxer and the Dems what to ram this legislation down our throats as fast as they can before we try to object strenuously to our lowered standard of living.
Z51Corvette Champion Author Austin Posts:3,024 Points:584,080 Joined:Jan 2008	Message Posted: Nov 3, 2009 10:44:58 PM Ignore Z51Corvette Report Abuse That's nice, but Alaska has more!!! The Energy Non-Crisis [Edited by: Z51Corvette at 11/3/2009 11:45:36 PM EST]
DAK1960 Champion Author Illinois Posts:1,278 Points:267,760 Joined:Nov 2008	Message Posted: Nov 3, 2009 10:44:53 PM Ignore DAK1960 Report Abuse exactly drill baby drilllllllll
WillCody Champion Author Austin Posts:1,061 Points:258,355 Joined:Jul 2008	Message Posted: Nov 3, 2009 10:37:18 PM Ignore WillCody Report Abuse What part of "drill baby drill" is so hard for you to understand Joe Biden?
woodeye55 Champion Author Gary Posts:1,790 Points:664,890 Joined:Mar 2006	Message Posted: Nov 3, 2009 10:34:29 PM Ignore woodeye55 Report Abuse I thought the experts told us there was no more oil. Boy are they stupid or what??
BrucePen Champion Author Ontario Posts:1,505 Points:340,760 Joined:Sep 2008	Message Posted: Nov 3, 2009 10:20:28 PM Ignore BrucePen Report Abuse Good now lower the pump prices.
Lukus Champion Author Halifax Posts:2,057 Points:425,025 Joined:Nov 2007	Message Posted: Nov 3, 2009 10:15:34 PM Ignore Lukus Report Abuse Hopefully it will help with the oil supply.
NedW Champion Author Indianapolis Posts:2,173 Points:465,655 Joined:Mar 2008	Message Posted: Nov 3, 2009 10:11:00 PM Ignore NedW Report Abuse Unless they're stupid, they'll tap it.
snewwee Champion Author Detroit Posts:3,600 Points:740,880 Joined:Sep 2007	Message Posted: Nov 3, 2009 10:08:18 PM Ignore snewwee Report Abuse Will this make the U.K. another OPEC member?
heysailor Champion Author Pittsburgh Posts:3,219 Points:1,070,725 Joined:Mar 2006	Message Posted: Nov 3, 2009 9:57:19 PM Ignore heysailor Report Abuse A drop in the bucket; get used to driving a small car. For the want of an SUV or a truck we didn't need, we sold our souls to OPEC and the Chinese. There's nothing left anyone else wants to buy. We'll have to start working hard to earn back what our fathers earned for us. Without using smoke and mirrors.
altima2008 Champion Author Philadelphia Posts:1,797 Points:481,505 Joined:Apr 2008	Message Posted: Nov 3, 2009 9:48:38 PM Ignore altima2008 Report Abuse Its a shame that nobama will not let us get in on that. He'd rather see us pay $4.00 a gallon for fuel and run the country further into the ground!
Muke Champion Author Virginia Beach Posts:2,464 Points:635,125 Joined:Jun 2007	Message Posted: Nov 3, 2009 9:46:02 PM Ignore Muke Report Abuse The great news.
idigau22 Champion Author Modesto Posts:15,287 Points:2,094,440 Joined:Apr 2003	Message Posted: Nov 3, 2009 9:41:37 PM Ignore idigau22 Report Abuse At least the Canadian's are out finding and drilling for oil! What will it take to get the United States to do the same???
nightworker998 Sophomore Author Maryland Posts:249 Points:128,330 Joined:Mar 2009	Message Posted: Nov 3, 2009 9:36:26 PM Ignore nightworker998 Report Abuse Well somebody found oil but watch the price go up anyway.
zeddieiv Champion Author Columbia Posts:2,513 Points:827,260 Joined:Oct 2006	Message Posted: Nov 3, 2009 9:34:52 PM Ignore zeddieiv Report Abuse Yes
oldiesman Veteran Author New York Posts:251 Points:985,780 Joined:May 2006	Message Posted: Nov 3, 2009 9:32:00 PM Ignore oldiesman Report Abuse THERE IS PLENTY OF OIL BIG BRO IS YANKING OUR CHAIN.
mstearno Champion Author Dayton Posts:2,527 Points:523,830 Joined:Jan 2008	Message Posted: Nov 3, 2009 9:25:40 PM Ignore mstearno Report Abuse Hey fordmexico I agree but we need a stinkin bridge to get to electric or are you for just trade your gas car in and get a new electric car thanks GOVT MOTORS?
fordmexico Veteran Author Michigan Posts:392 Points:26,675 Joined:Oct 2009	Message Posted: Nov 3, 2009 9:22:16 PM Ignore fordmexico Report Abuse We are running out of oil because our rate of use is greater than the rate at which we are discovering it. Most of the oil now being found in difficult to drill locations and needs expensive extraction technolgy.
Asbury09 All-Star Author Iowa Posts:935 Points:272,130 Joined:Jan 2009	Message Posted: Nov 3, 2009 9:18:11 PM Ignore Asbury09 Report Abuse lets see it
katiejayWV Veteran Author West Virginia Posts:304 Points:152,835 Joined:Nov 2008	Message Posted: Nov 3, 2009 9:16:16 PM Ignore katiejayWV Report Abuse Keep drilling and mining.
greatscot08 All-Star Author Columbus Posts:749 Points:152,755 Joined:Jun 2008	Message Posted: Nov 3, 2009 9:15:58 PM Ignore greatscot08 Report Abuse Every drop in the barrel helps, especially if it's from a more friendly barrel.... sure would be nice if some more of these discoveries were on this side of the pond, though..... but then someone has to actively be looking...... it helps.....
RobRD Champion Author Alberta Posts:3,137 Points:757,760 Joined:Jul 2007	Message Posted: Nov 3, 2009 9:08:25 PM Ignore RobRD Report Abuse Every discovery is important because all the easy oil is on a decline and the price of oil is making it more economically feasible to produce oil fields such as Bakken.
GPRS08 Sophomore Author Maryland Posts:213 Points:402,340 Joined:May 2008	Message Posted: Nov 3, 2009 9:06:12 PM Ignore GPRS08 Report Abuse show me the oil1 - I belive it when I see it.
Hunter114 Champion Author Chicago Posts:1,550 Points:207,370 Joined:Apr 2009	Message Posted: Nov 3, 2009 8:54:54 PM Ignore Hunter114 Report Abuse How people can say we're running out of oil when discoveries are being made all over is beyond me.
cincidap Champion Author Cincinnati Posts:2,525 Points:494,525 Joined:Sep 2006	Message Posted: Nov 3, 2009 8:53:43 PM Ignore cincidap Report Abuse We need them to glut supply while we continue to conserve. Only then will gas prices go back to levels more typical of recent decades than the past few years have been.
eagleeye2008 Champion Author Wisconsin Posts:2,516 Points:473,315 Joined:Jul 2008	Message Posted: Nov 3, 2009 8:53:16 PM Ignore eagleeye2008 Report Abuse Very interesting, BUT,,,,,DRILL HERE ALREADY !!
CoffeeTrader Champion Author Victoria Posts:2,332 Points:427,780 Joined:Sep 2008	Message Posted: Nov 3, 2009 8:46:46 PM Ignore CoffeeTrader Report Abuse All these reserves being found at a time when we are trying to get away from fossil fuels and yet we are paying through the teeth for it.
Lou08 Veteran Author California Posts:406 Points:95,700 Joined:Feb 2008	Message Posted: Nov 3, 2009 8:45:49 PM Ignore Lou08 Report Abuse Conserve! Great I hope OPEC and others in the Middle East dry-up and blow away! But we still need Atomic Power Pants into the 22nd. Century. www.killcarb.org [Edited by: Lou08 at 11/3/2009 9:46:48 PM EST]
TopGunn Champion Author Baltimore Posts:2,799 Points:1,355,210 Joined:Aug 2004	Message Posted: Nov 3, 2009 8:44:35 PM Ignore TopGunn Report Abuse The numbers don't help with prices. They are oil speculator controlled.
granma3xnow Champion Author Indiana Posts:1,422 Points:297,600 Joined:Dec 2008	Message Posted: Nov 3, 2009 8:44:32 PM Ignore granma3xnow Report Abuse This isn't just another "teaser" is it?
sjl08203 Champion Author New Jersey Posts:2,949 Points:749,310 Joined:Aug 2005	Message Posted: Nov 3, 2009 8:39:13 PM Ignore sjl08203 Report Abuse Promising
krisli Champion Author San Francisco Posts:1,455 Points:668,330 Joined:Apr 2007	Message Posted: Nov 3, 2009 8:34:35 PM Ignore krisli Report Abuse Wow.
96sc1 Champion Author El Paso Posts:4,290 Points:500,315 Joined:Mar 2008	Message Posted: Nov 3, 2009 8:34:09 PM Ignore 96sc1 Report Abuse Ca-ching!
hoof11 All-Star Author Pennsylvania Posts:530 Points:28,490 Joined:May 2009	Message Posted: Nov 3, 2009 8:16:58 PM Ignore hoof11 Report Abuse GEORGEO Great Post Oil Reserves 1,349,417,153,000 Barrels Times 80.00/Barrel Due The Math Post[itive GREED
fasu007 Veteran Author South Carolina Posts:261 Points:462,825 Joined:Jun 2008	Message Posted: Nov 3, 2009 8:16:33 PM Ignore fasu007 Report Abuse Discovery is everywhere. Just look for it. Drill here, drill now and they will find it.
signwiz Veteran Author Indiana Posts:323 Points:674,405 Joined:Feb 2006	Message Posted: Nov 3, 2009 8:13:51 PM Ignore signwiz Report Abuse Using the info provided in Georgeo's link, looks like about 37 years of oil left. It will be interesting, but I won't be around to see it.
hoof11 All-Star Author Pennsylvania Posts:530 Points:28,490 Joined:May 2009	Message Posted: Nov 3, 2009 8:12:22 PM Ignore hoof11 Report Abuse China Will Buy It !!!!
dbatw Sophomore Author St. Louis Posts:230 Points:79,690 Joined:Apr 2009	Message Posted: Nov 3, 2009 8:08:23 PM Ignore dbatw Report Abuse sounds like a lot of crude, but a drop in the bucket the way demand continues increasing. The problem is not supply, but curbing demand. Let's get ourselves weaned off the oil spigot.
cutter1330 Champion Author Oklahoma Posts:1,680 Points:439,335 Joined:Jul 2005	Message Posted: Nov 3, 2009 8:08:05 PM Ignore cutter1330 Report Abuse Wish it was my 100 million barrels.
thinkaboutit All-Star Author Colorado Posts:804 Points:37,175 Joined:Jul 2005	Message Posted: Nov 3, 2009 8:05:43 PM Ignore thinkaboutit Report Abuse On an annual scale, this increase in supply is much smaller than day-to-day fluctuations in supply and demand.
DEG Champion Author Las Vegas Posts:11,391 Points:2,264,195 Joined:Jul 2003	Message Posted: Nov 3, 2009 8:00:05 PM Ignore DEG Report Abuse More inidication that the world is not yet running out of oil.