1. Although the current global oil reserves in place are estimated at 14 trillion barrels, only about 1.2 trillion can be recovered, said Khaled Al Buraik, executive director of the government-controlled Saudi Aramco. However, in the near future new oil technology will enable 2 trillion barrels to be accessed.
“Advanced technology in hydrocarbon production could add around two trillion barrels to the existing proven crude reserves in the near future,” he said in his address, published by Saudi newspapers on Monday. 10.8 trillion barrels of oil would still await better technology to make them recoverable.
2. Traditional oil rigs will be replaced with “underwater cities” within a decade under ambitious plans being drawn up by Petrobras, Brazil’s state-owned energy group.
The plan is to construct ‘cities’ more than 2,000 metres under water, containing machines, giant pieces of equipment and robots that could inspect the systems being used to extract millions of barrels of oil. Many operations would be fully automated while others would be controlled by humans at a distance.
“Our target is that we won’t need platforms in ten years from now,” said Carlos Tadeu Fraga, executive manager of the Petrobras Research Centre.
Petrobras already owns virtual reality laboratories where engineers can inspect 3D images of oil fields. But now they want to take a further technological leap by installing floating rig equipment on the sea bed.
The machinery under the sea would be capable of separating oil, gas, water and sand, compressing substances and generating enough energy to keep the operation functioning.
Petrobras will take the first step in turning its plans into reality when it installs machines to separate water and oil in the Marlim oil field in the Campos Basin.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Ocean Floor Gold and Copper
Ocean Floor Mining Company
var MarketGidDate = new Date();
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.