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Re: Oil prospects in Belize #19597
01/11/06 06:40 PM
01/11/06 06:40 PM

The Robot Bartender
A popular bar had a new robotic bartender installed. A fellow came in for a drink and the robot asked him, "What's your IQ?"
The man replied, "150." So the robot proceeded to make conversation about Quantum physics, string theory, atomic chemistry, and so on.
The man listened intently and thought, "This is really cool."
The man decided to test the robot. He walked out of the bar, turned around, and came back in for another drink. Again, the robot asked him, "What's your IQ?"
The man responded, "100." So the robot started talking about football, baseball, beer, and so on.
Amazed, the man went out and came back in a third time. As before, the robot asked him, "What's your IQ?" The man replied, "50."
The robot then said, "So, you gonna vote for Bush again?"

Re: Oil prospects in Belize #19598
01/11/06 07:34 PM
01/11/06 07:34 PM
Joined: Mar 2001
Posts: 11,014
Rockport, Maine
klcman Offline
klcman  Offline
Belmopan,Belize 11 January ( Belize will make its first export of crude oil to the USA later this week following the discovery of oil in commercial quantities late last year.

For the past nine days, tanker trucks have been transporting thousands of barrels of Belizean oil from wells in the Spanish Lookout area of Western Belize to the Big Creek port to fill a forty-five thousand barrel barge waiting in the harbour. From there it will be shipped to Texas for refining.

Belize Natural Energy officials told the media today that the first well, Michael Usher Number One, is producing approximately eight hundred barrels a day while Usher Two is flowing at a rate of one thousand barrels a day. Production testing is being done on these wells, and the oil extracted is what is being exported to the USA. Two more wells are now being drilled. And five other companies have applied for licenses to drill for oil in other parts of Belize.

According to Andre Cho, an official in he Belize Petroleum Office, the Belize Sweet Crude Light oil is similar in quality to the west Texas intermediate crude oil, which at this time is selling for about sixty-two U.S. dollars per.

Belize has no oil refinery, but the crude oil is of such a high quality that at least one gasoline station is selling Belize Sweet Light Crude at US$1.80 a gallon. Some motorists are blending the oil and diesel half and half to run their diesel powered vehicles. Some larger engines, like those in large trucks and heavy equipment, are using the oil without any mixing

_ _ _ _ _ _ _________________ _ _ _ _ _ _
But then what do I know, I am but a mere caveman
Re: Oil prospects in Belize #19599
01/12/06 09:52 AM
01/12/06 09:52 AM
Joined: Jul 2005
Posts: 369
Corona Steve Offline
Corona Steve  Offline
John of denver, maybe you should do some homework, as Brown & Root, which is part of Haliburton, was also a political issue for the president back during the Vietnam war, and Johnson became very rich during that time.
He was responsible for over 50,000 dead, and more who were damaged during war. That was for oil.
This is a classic argument, and good talking points from the extreme left, people are starting to believe it. Congratulations, extreme Left.
As to the Bush group, if Cheney is guilty of taking money from Haliburton, or anyone else, for that matter, they should be thrown in jail, and key destroyed.
Time to bring out all the facts, and lets have a trial. When finished, the extreme left will have to crawl back in their holes of deceit.

Re: Oil prospects in Belize #19600
01/12/06 09:59 AM
01/12/06 09:59 AM
Joined: Apr 2002
Posts: 591
Catatonic Motivator Offline
Catatonic Motivator  Offline
So who's buying this Belizian oil?

* I Go Pogo *
Re: Oil prospects in Belize #19601
01/12/06 10:57 AM
01/12/06 10:57 AM
Joined: Oct 1999
Posts: 60,092
oregon, spr
Marty Offline OP

Marty  Offline OP
First Belizean oil to be exported to Texas
Ever since the first significant petroleum find was made on July thirtieth of last year, Belize has been experiencing something of an oil frenzy. Never mind that the speculation has always run far ahead of the facts, beginning with the Belize Times shouting Eureka! almost before the drilling even started. But the gap between our dreams and reality is steadily shrinking. Today I headed west--to Belmopan and Spanish Lookout--to separate fact from fiction.

Janelle Chanona, Reporting
For the past nine days, tanker trucks have been transporting thousands of barrels of Belizean oil from wells in Spanish Lookout to the Big Creek port to fill a forty-five thousand barrel barge waiting in the harbour.

Jean Cornec, Geologist, Belize Natural Energy
”I think it’s pretty amazing that less than six months after discovery we are in a position to start exporting crude oil.”

Janelle Chanona
“How is the process going?”

Jean Cornec
”I think it’s going very well. There are a lot of details that are being taken care of little by little, but I think everything is going okay.”

Andre Cho, Inspector of Petroleum, Geology Dept.
”We have five companies that are trucking the oil in anywhere from seventy-five hundred to nine thousand gallon capacity trucks. They are trucking the oil daily, constantly.”

“The trucks will transport the oil from Spanish Lookout to Big Creek, load the barge and the barge would go out, take the oil to Texas and then come back and we’ll be doing that constantly during production testing. At the end of which, we’ll be able to determine if the discovery has commercial potential.”

According to Inspector of Petroleum Andre Cho, the price per barrel for the Belizean oil will be determined after B.N.E.’s first shipment later this month. And that rate will have to reflect the costs of sending the petroleum by land to the southern facility and over sea to the Gulf Coast. With government locked into a seven and a half percent royalty fee, everyone in Belmopan is keeping their fingers crossed for a good deal in the U.S.

Andre Cho
”This oil is similar in quality to the west Texas intermediate crude oil, which at this time is about sixty-two U.S. per barrel, so you could more or less look at that as a starting point. But like I said, you have to factor in transportation costs and other costs, so it might be less at the end of the day.”

“We hope that it’s a reasonable price that will benefit both B.N.E. and the government because you know the government collects royalty and production sharing, so the more we collect per barrel, the more the government will collect. And therefore, the more benefits to the government and the country.”

Janelle Chanona
”While B.N.E. executives continue to negotiate for a final price arrangement in the international market, locals here in Spanish Lookout and as far away as the Stann Creek District are already finding uses for the crude oil.”

At the Farmer’s Choice gas station, they buy the oil from B.N.E. for three dollars and twenty cents a gallon delivered. Customers are then sold the crude at a price of three dollars and sixty cents a gallon. We understand some motorists are blending the oil and diesel half and half, but some larger engines, like those in large trucks and heavy equipment, are using the oil without any mixing.

Belize Natural Energy officials tell News Five today that the first well, Michael Usher Number One, is producing approximately eight hundred barrels a day while Usher Two is flowing at a rate of one thousand barrels a day. The hot rumour around Spanish Lookout was that employees working Usher Number Three, located less than a mile from Usher One, had struck oil sometime last night...but that good news was toned down this morning.

Jean Cornec
”We didn’t hit anything last night. We are still drilling and we will have the result in the next couple of days.”

Today, the gas dissolved in the crude oil at Usher One was being burnt, something B.N.E. executives say they will have to do until a use for the gas can be found. Contrary to local reports, Cho maintains that there are no immediate plans in the pipeline for establishing a refinery or production plant.

Andre Cho
”What they have been thinking about is putting in small units that they call topping units that are able to produce diesel right away, right in the field. So that’s a short term solution to begin producing fuel that can be marketed locally and probably exported as well.”

With the oil find the west, the staff of the Geology Department is swamped with work and Cho reveals that with the prospect of black gold in commercial quantities, there are already five new applications, including one from B.N.E., to both explore for oil and construct infrastructure like tank farms and pipelines.

Andre Cho
”It looks very good, it looks like it has a lot of potential to be commercial, so we are working towards that to do our best to make that happen. And like I said, there are five other companies that have exploration licences, they have done a lot of work, shot a lot of seismic, and they will drill in the near future and I also expect other good results from them as well.”

Tonight we understand that half of the forty-five thousand barrel barge has already been filled. As regards taxes on this shipment, contrary to some media reports, government will collect only its seven point five percent royalty plus business tax, currently pegged at one point seven-five percent. The nine percent sales tax, which is paid on local consumption of crude, is not charged on exports.

Re: Oil prospects in Belize #19602
01/13/06 11:55 AM
01/13/06 11:55 AM
Joined: May 2005
Posts: 3,952
Frigin Cold Columbus, Ohio
Otteralum Offline
Otteralum  Offline
Hopes are high. Good for Belize, good for U.S.

I will have a Belikin -- put it on klcman's tab.
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