Sentences with word «mbpd»

I have spoken to physics guys about the electric motor argument and they have stated that in the UK we use around 2 mbpd of oil and a barrel contains around 42 gallons and hence at 40 KWh per gallon thats 1680 KWh per barrel x 2 million = 3.3 billion KWh per day of additional electricity or if we do as you say and lets say we need only 25 % of that due to the efficiency of the electric motor that is around 750 million KWh a day or 750 GWh a day!

Conventional production is seen dropping slightly from 2010's 0.9 million barrels per day to 0.7 mbpd in 2010.

Shell states that tar sands are less damaging that coal: Well since when was coal and oil used to the same ends unless they are talking about widespread adaption of CTL technology which could happen in some countries with large scale coal rserves I guess but even I doubt that CTL projects will scale to 3 — 5 mbpd which is the projected output of Albertas oil sands come 2030.

«Maybe, hopefully, by the first or second quarter of next year, we will begin to see how that statement can now embolden us to go and begin to address removing the 1.5 mbpd production that is lying in the market internationally.»

The Athabasca tar / oil sands are expanding at an alarming rate to 3 mbpd come 2012.

The USA uses 20 Mbpd of oil so go figure what they would need.

I may have got by calculations wrong here because it seems like a unusual amount of energy, however I believe that oil is used in droves globally, 85 Mbpd which is not replaceable by anything.

It further noted that oil production during the quarter was higher by 0.42 million barrels per day relative to the corresponding quarter in 2016, which recorded an output of 1.61 mbpd.

Oil production was estimated at 2.03 million barrels per day (mbpd) on average.

It was 0.15 million barrels higher than the revised daily average production recorded in the second quarter of 2017 (revised from 1.84 mbpd to 1.87 mbpd).

Pentanes / condensate contribution remains constant at 0.1 mpbd, while the offshore contribution drops from 0.3 mbpd in 2010 to 0.1 mbpd in 2025.

And anyone who understands the global oil market knows oil is fungible, with prices and supply controlled by the global market, and that the pipeline would not change that reality (for instance, while we imported over 9 MBPD of oil in 2015, we exported nearly 5 MBPD of oil and refined products).