Abstract
Global recoverable HC resources are estimated at 554.7 bln ton oil and 634.3 trln m3 gas. Reserves to resources ratio as of the beginning of 2008 is 62% for oil and 45%, for gas. Oil reserves to resources ratios are the highest in the Near and Middle East and the lowest in FSU countries. Remaining proved reserves are 188.6 bln ton oil and 179.4 trln m3 gas. Reserves to production ratios are 46 years for oil and 52 years for gas. Recently performed oil and gas production forecast is based on initial total oil and gas resource estimates, reserves to resources and resource depletion ratios, and remaining reserves and unexplored resource estimates. 2030 production is estimated at 5300 MMt oil and 4390 Bm3 gas.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
