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Showing posts with label resources. Show all posts
Showing posts with label resources. Show all posts
Wednesday, May 8, 2013
Formulation of a correlated variables methodology for assessment of continuous gas resources with an application to the Woodford play, Arkoma Basin, eastern Oklahoma
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Assessment of Potential Additions to Conventional Oil and Gas Resources in Discovered Fields of the United States from Reserve Growth, 2012
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Variability of Distributions of Well-Scale Estimated Ultimate Recovery for Continuous (Unconventional) Oil and Gas Resources in the United States
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Tuesday, May 7, 2013
Assessment of undiscovered oil and gas resources of the Ordovician Utica Shale of the Appalachian Basin Province, 2012
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Undiscovered Petroleum Resources for the Woodford Shale and Thirteen Finger Limestone–Atoka Shale Assessment Units, Anadarko Basin
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Assessment of Undiscovered Oil and Gas Resources in Conventional and Continuous Petroleum Systems in the Upper Cretaceous Eagle Ford Group, U.S. Gulf Coast Region, 2011
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.USGS Methodology for Assessing Continuous Petroleum Resources
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.2010 Updated Assessment of Undiscovered Oil and Gas Resources of the NPRA
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Monday, May 6, 2013
Geologic Assessment of Undiscovered Hydrocarbon Resources of the Western Oregon and Washington Province
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Assessment of Undiscovered Oil and Gas Resources of the Devonian Marcellus Shale of the Appalachian Basin Province
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Saturday, May 4, 2013
Friday, May 3, 2013
Assessment of Undiscovered Oil and Gas Resources in Jurassic and Cretaceous Strata of the Gulf Coast, 2010
Page Last Modified: Tuesday, April 30, 2013
Sorry, I could not read the content fromt this page.Sunday, April 7, 2013
New customer resources
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Friday, April 5, 2013
Contested areas of South China Sea likely have few conventional oil and gas resources
April 3, 2013 
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief.
*Note: South China Sea includes proved and probable reserves.
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief, and U.S. Geological Survey, Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012.
Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike other parts of the South China Sea, these areas have not been assessed to hold large (conventional) resources of oil and natural gas. Under the United Nations Convention on the Law of the Sea, ownership of habitable islands can extend the exclusive access of a country to surrounding energy resources.
EIA's analysis shows that most fields containing discovered oil and natural gas are clustered in uncontested parts of the South China Sea, close to shorelines of the coastal countries, and not near the contested islands. Industry sources suggest almost no oil and less than 100 billion cubic feet of natural gas in proved and probable reserves exist in fields near the Spratly Islands. The Paracel Island territory has even less natural gas and no oil.
In total, the South China Sea has about 11 billion barrels of oil and 190 trillion cubic feet of natural gas rated as proved or probable reserves. These levels are similar to the amount of proved oil reserves in Mexico and about two-thirds of the proved natural gas reserves in Europe, not including Russia (see figure below).
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief.
*Note: South China Sea includes proved and probable reserves.
In addition to proved and probable reserves, the South China Sea may have additional hydrocarbons in underexplored areas. The U.S. Geological Survey (USGS) estimated in 2012 that about 12 billion barrels of oil and 160 trillion cubic feet of natural gas might exist as undiscovered resources in the South China Sea, excluding the Gulf of Thailand and other adjacent areas. About one fifth of these resources may be found in contested areas, particularly in the Reed Bank at the northeast end of the Spratly Islands, which is claimed by China, Taiwan, and Vietnam. These additional resources are not considered commercial reserves at this time; extracting them may not be economically feasible.
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief, and U.S. Geological Survey, Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012.
The Paracel Island area may also contain significant natural gas hydrate resources. While test drills are promising, commercial development of natural gas hydrates in the South China Sea is many years away given technological challenges and current natural gas prices.
EIA projects Southeast Asian domestic oil production to stay flat or decline as energy consumption rises in the region, and natural gas from the South China Sea may meet a significant part of future energy demand.
For more information, see the South China Sea Regional Analysis Brief.
Contested areas of South China Sea likely have few conventional oil and gas resources
April 3, 2013
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief.
*Note: South China Sea includes proved and probable reserves.
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief, and U.S. Geological Survey, Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012.
Several countries have overlapping territorial claims to portions of the South China Sea, which stretches from Singapore in the southwest to Taiwan in the northeast. The Spratly Islands and Paracel Islands are two of the most contested areas (see dark blue islands on map above). However, unlike other parts of the South China Sea, these areas have not been assessed to hold large (conventional) resources of oil and natural gas. Under the United Nations Convention on the Law of the Sea, ownership of habitable islands can extend the exclusive access of a country to surrounding energy resources.
EIA's analysis shows that most fields containing discovered oil and natural gas are clustered in uncontested parts of the South China Sea, close to shorelines of the coastal countries, and not near the contested islands. Industry sources suggest almost no oil and less than 100 billion cubic feet of natural gas in proved and probable reserves exist in fields near the Spratly Islands. The Paracel Island territory has even less natural gas and no oil.
In total, the South China Sea has about 11 billion barrels of oil and 190 trillion cubic feet of natural gas rated as proved or probable reserves. These levels are similar to the amount of proved oil reserves in Mexico and about two-thirds of the proved natural gas reserves in Europe, not including Russia (see figure below).
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief.
*Note: South China Sea includes proved and probable reserves.
In addition to proved and probable reserves, the South China Sea may have additional hydrocarbons in underexplored areas. The U.S. Geological Survey (USGS) estimated in 2012 that about 12 billion barrels of oil and 160 trillion cubic feet of natural gas might exist as undiscovered resources in the South China Sea, excluding the Gulf of Thailand and other adjacent areas. About one fifth of these resources may be found in contested areas, particularly in the Reed Bank at the northeast end of the Spratly Islands, which is claimed by China, Taiwan, and Vietnam. These additional resources are not considered commercial reserves at this time; extracting them may not be economically feasible.
Source: U.S. Energy Information Administration, International Energy Statistics, South China Sea Regional Analysis Brief, and U.S. Geological Survey, Estimate of Undiscovered Conventional Oil and Gas Resources of the World, 2012.
The Paracel Island area may also contain significant natural gas hydrate resources. While test drills are promising, commercial development of natural gas hydrates in the South China Sea is many years away given technological challenges and current natural gas prices.
EIA projects Southeast Asian domestic oil production to stay flat or decline as energy consumption rises in the region, and natural gas from the South China Sea may meet a significant part of future energy demand.
For more information, see the South China Sea Regional Analysis Brief.
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