All the world’s extra oil supply is likely to come from expensive and environmentally damaging unconventional sources within 15 years, according to a detailed study.
A report from Wood Mackenzie, the Edinburgh-based consultancy, calculates that the world holds 3,600bn barrels of unconventional oil and gas that need a lot of energy to extract.
So far only 8 per cent of that has begun to be developed, because the world has relied on easier sources of oil and gas.
Only 15 per cent of the 3,600bn is heavy and extra-heavy oil, with the rest being even more challenging.
The study makes clear the shift could come sooner than many people in the industry had expected, even though some major conventional oil fields will still be increasing their production in 2020. Those increases will not be enough to offset the decline at other fields.
more
A report from Wood Mackenzie, the Edinburgh-based consultancy, calculates that the world holds 3,600bn barrels of unconventional oil and gas that need a lot of energy to extract.
So far only 8 per cent of that has begun to be developed, because the world has relied on easier sources of oil and gas.
Only 15 per cent of the 3,600bn is heavy and extra-heavy oil, with the rest being even more challenging.
The study makes clear the shift could come sooner than many people in the industry had expected, even though some major conventional oil fields will still be increasing their production in 2020. Those increases will not be enough to offset the decline at other fields.
more
powered by performancing firefox
No comments:
Post a Comment