Sentences with phrase «conventional oil deposits»

The costs to develop the oil sands, a type of unconventional petroleum deposit, are much higher that developing conventional oil deposits.

Not exact matches

There is considerable variation in both the quality of and the ease with which a resource deposit can be extracted, so the most profitable strategy is to start with the high - quality, low - cost plays and, when these are exhausted, move on to deposits that are of lower quality and are more costly (think conventional oil fields vs. the oil sands).

Outside the realm of conventional oil, the tar sands of Alberta and the oil shale of the Western U.S. exist in huge deposits, the exploitation of which is currently costly and accompanied by major environmental difficulties, but both definitely hold promise for a substantial increases in oil supply.

Found in limestone and shale deposits, tight oil isn't extracted from wells like conventional oil, but is removed with hydraulic fracturing, or «fracking» — a process that also releases methane, a potent greenhouse gas.

Conventional crude oil is a liquid that can be pumped from underground deposits.