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Tim
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Just to put the quantities in context... According to this article, Bligh Waters has potentially 5,400 to 20,000 million barrels of oil. The Middle East has proven reserves of 708,000 million barrels of oil. It costs $240-$360 million just to drill the wells for one oil rig with structures like Fiji. It costs $500 million to remove the well when the oil runs out. Before it's accident, the Petrobras 36 oil rig had 26 wells and produced 180,000 barrels/day. World consumption is 84,000,000 barells/day. That's about 0.2% of world demand per rig. At the highest estimate (i.e. being able to economically extract the entire) 20 billion barrels, Bligh Water could supply the world with oil for 238 days. That's a lot of money, but it's certainly not on the scale of Kuwait, Iraq, or even Texas - it's closer to Australia, which isn't exactly noted as an oil producer. Tim. |
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Exiled Fijian
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| In 1997 I was working with an NGO called SPACHEE. Projects were mostly on Rural Development and Sustainability. I met with some village elders who took me to a site in the village of Ucunivanua, Verata, Tailevu. The elders claim that they use to get pure kerosene from that location untill an exploration company came from the US to do some "explorations" at the site. What the happened after the explorations is still a mystery, as the "kerosene" dissappered never to return. The village elders are adamant the oil will return when the time is right. There are similar stories on minerals around Fiji and most of the people I talk to say these mierals will "surface" when there is a government free of corruption that will make sure all of Fiji benefits from these resources. We can only hope> | |
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CONCERNED CITIZEN
said:
No one can deny that all this talk about oil prospects found in Fiji is very inspiring for Citizens of Fiji and very interesting to all who take interest in Fiian folklores. The program "Noqu Buli kula" comes into mind perhaps. It can be a source of inspiration and also on the downside a spell disaster for Fiji in the future. Oil is undeniably a much sought energy sourcearound the world.It has been the cause of World Wars,currently the mai reason behind the invasion of Iraq.Reading thru some articles concerning Australian Oil interests in Iraq gives me the shivers when I think about the future of any Oil prospects that any future Fiji Govt has.In the Iraq case,the bidding by Australian Company BHP Billiton to tap into the An Fayal Oil Reserve in the South Of Iraq(reportedly the largest)led to the Australian support for the invasion of Iraq,besides what have ordinary Iraqis or Saddam done to hurt Australia? We can never rule out that this would be the case for Fiji in future should the propsects of oil become a reality. It is for this reason that I dread this report of Oil prospects in Fiji.Let's hope that John Howard and Alex Downer his bull terrier have passed on by then!!! |
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Sue Cauty
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An interesting addition to Wendell Archibald?s oil report; and one worth checking out? Is it true that in August last year Qs lot paid for an electronics? engineer to be flown business class from Oz to Nadi; then flown to Rakiraki on a local helicopter; then flown from there, on an unmarked helicopter, to a floating oil exploration rig (ship) in Bligh Waters, to undertake on-board repairs; then returned home by the same methods? Apparently this chap had to sign documents vowing not to reveal anything of this operation ? a rather vain hope, as obviously such an operation would involve quite a number of people. But seems that, with his consequential knowledge of such things, despite being rather deep down, the oil would indeed be commercially viable. Wouldn?t a floating oil-rig (albeit ship-shaped) with a heli-pad and ?copter on board, sitting in Bligh Waters, be rather obvious? In any case, who owns it and where did it come from? We are talking seabed here, not foreshore - ergo, the Qoliqoli Bill? |
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