The estimated contribution
of unconventional resources to ultimate world oil resources is thus expected to be only a small fraction of their in - place resources.
Recently advised an oil and gas shale operator in the successful negotiation of the first post-reform comprehensive services contract with Pemex to
develop unconventional resources in northern Mexico.
«The U.S. experience shows that a more efficient gas market, with flexible pricing and fueled by
indigenous unconventional resources that are produced sustainably, can reduce coal use, CO2 emissions and consumers» electricity bills without harming energy security,» she added.
NPRA was joined in the suit by the American Trucking Associations (ATA); the Center for North American Energy Security, an organization dedicated to the development of oil sands, oil shale and
other unconventional resources in North America; and the Consumer Energy Alliance, an organization advocating, among other things, more access to offshore and onshore oil & natural gas.
Although the geological potential for
unconventional resources appears to be substantial in Eurasia, the Middle East and North Africa, such resources are unlikely to be developed in the early twenty - first century, simply because conventional potential is so great relative to current and projected production that unconventional gas resource development is unnecessary.
Gilles wrote: «Dangerous GW is supposed to occur above some relatively high amount of burnt fossil fuels... this high amount is reachable only if we
extract unconventional resources, ok?»
The focus in Chile is
on unconventional resources, although the substantial mining sector absorbs many of the county's locally trained geoscientists, engineers and blue collar workers.
«Canada's oilsands and natural gas fields are both
considered unconventional resources, which means they require more knowledge and skill to exploit than traditional fossil fuels,» says Cheryl Knight, executive director of the Petroleum Human Resources Council of Canada.
In March, more than 80 representatives from industry, the environmental community, suppliers, think tanks, state and federal government, and academia convened at Harvard to discuss issues related to
unconventional resource development.
«In conclusion,» researchers write, «at the current methane loss rates, a net climate benefit on all time frames owing to
tapping unconventional resources in the analyzed tight formations is unlikely.»
They could be significant in Europe, given Europe's declining conventional production, but
major unconventional resources appear to be lacking in that region.
On the contrary, these countries are not only scrabbling to extract every bit of conventional coal, oil and gas they can get their hands on, they're also tapping or planning to tap all kinds
of unconventional resources, from tar sands to methane hydrates.
The U.S. experience suggests that a more efficient gas market, marked by flexible pricing and fueled by
indigenous unconventional resources that are produced sustainably, can reduce coal use, CO2 emissions and consumers» electricity bills, without harming energy security.
Unconventional resources such as oil sands and biofuels will become increasingly competitive, accounting for about 13 percent of the world's liquid supply by 2030, the report said.
China's technologically recoverable shale gas reserves dropped by 6 percent in 2016, the country's Ministry of Land and Resources said on Saturday, with no new finds of
the unconventional resource Continue Reading
«This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain [oil] potential projects,
unconventional resources both in the exploration phase and development and several other projects,» Abdulkarim said.
«The increased exploration and development spend we're seeing in this year's study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing
these unconventional resources.»
And everybody agrees that
these unconventional resources can become economically profitable only if the prices increases substantially, much more than 100 $ per ton of C.
In addition to proved developed reserves, there are three categories of potential oil reserves: (i) recovery growth from known fields, (ii) future discoveries, and (iii)
unconventional resources.
Hydraulic fracturing is an essential process used in the development of
unconventional resources, such as gas shale, shale oil and other tight formations.
Often involving multinational investment, first in country, or sector undertakings or novel structures, these deals encompass the development, financing, acquisition, and divestiture of both conventional and
unconventional resources.
There has been a renewed focus on smaller fields, harder to access and
unconventional resources, as well as resources like sour gas.
* Served as a Petroleum Consultant Advisor and Managing Director of Engineering responsible for evaluating property acquisitions for conventional and
unconventional resources in every major geological basin in the US.