Estimating the Recoverable Reserves of the Recently-Discovered Dorado Oilfield

Estimating the Recoverable Reserves of the Recently-Discovered Dorado Oilfield, by David Archibald.

Australia has a security problem concerning liquid fuels. We now import half of the petrol, diesel, aviation turbine fuel, etc. that we consume. Even if we produced as much oil as we consumed, we wouldn’t be able to refine it with only four refineries still operating.

That is why the Dorado oilfield, recently discovered 100 km north of Port Hedland in 80 meters of water, is so promising. …

The total recoverable reserves are estimated to be of the order of 800 million barrels. If anywhere near correct, this field is staggering and truly spectacular. …

Disclosure: David Archibald is a true believer in Carnarvon Petroleum [20% partner in the oilfield]. The purpose of this article is to fill a gap in the public’s understanding of the potential size and implications of the Dorado oil discovery.