(EnergyAsia, September 24 2013, Tuesday) — The world has nearly 1.1 trillion barrels of known undeveloped conventional oil and gas reserves, with more than half worth tapping at current price assumptions, said consultant Wood Mackenzie. “Over half of these discoveries which we classify as ‘good technicals’, are potentially economic under our current price assumptions. These…
UPSTREAM: Known conventional reserves estimated at 1.1 trillion barrels, with five-year deepwater budget worth US$223 billion, say consultants
Posted on September 24, 2013 by EnergyAsia