Economics of Global Marginal Hydrocarbon and Non-traditional Resources
Carbon Dioxide Injectivity
During the last decade many producing countries have reassigned conventional oil and gas development rights to their national oil companies (NOCs). In fact the 13 largest energy companies, when measured by oil and gas reserves, are controlled by sovereign governments. The result is that the NOC’s will control a significant share of future oil and gas production. The international oil companies (IOCs) are relegated to minority project partners, contractors, or to marginally economic hydrocarbon resources. These latter resources may require special extraction technologies because of location, environment, or because they are unconventional. The largest part of the remaining hydrocarbon resource base is associated with unconventional oil and gas resources. These resources include stranded gas, heavy oil, and natural bitumen; resources that historically did not enter established markets because of quality, location, or extraction technology. The resource volumes that make up these massive accumulations must be scaled by economic variables for energy policy analysts and industry decision makers to predict when these resources will enter international oil and gas supplies.
Objectives:
- Development of theoretically sound methods to value these marginal resources
- Characterize the commercial and social costs of marginal resource development
Below are other science projects associated with this project task.
Below are multimedia items associated with this project task.
Below are publications associated with this project task.
National assessment of geologic carbon dioxide storage resources: methodology implementation
Role of stranded gas in increasing global gas supplies
Survey of stranded gas and delivered costs to Europe of selected gas resources
Natural bitumen and extra-heavy oil
Volatility of bitumen prices and implications for the industry
Natural bitumen and extra-heavy oil
Heavy oil and natural bitumen resources in geological basins of the world
Statistics of petroleum exploration in the world outside the United States and Canada through 2001
Siberian platform: Geology and natural bitumen resources
During the last decade many producing countries have reassigned conventional oil and gas development rights to their national oil companies (NOCs). In fact the 13 largest energy companies, when measured by oil and gas reserves, are controlled by sovereign governments. The result is that the NOC’s will control a significant share of future oil and gas production. The international oil companies (IOCs) are relegated to minority project partners, contractors, or to marginally economic hydrocarbon resources. These latter resources may require special extraction technologies because of location, environment, or because they are unconventional. The largest part of the remaining hydrocarbon resource base is associated with unconventional oil and gas resources. These resources include stranded gas, heavy oil, and natural bitumen; resources that historically did not enter established markets because of quality, location, or extraction technology. The resource volumes that make up these massive accumulations must be scaled by economic variables for energy policy analysts and industry decision makers to predict when these resources will enter international oil and gas supplies.
Objectives:
- Development of theoretically sound methods to value these marginal resources
- Characterize the commercial and social costs of marginal resource development
Below are other science projects associated with this project task.
Below are multimedia items associated with this project task.
Below are publications associated with this project task.