SAMPLE PAGES FROM REPORT: The Unconventional Oil and Gas Market Outlook: The Future of Oil Sands, Shale Gas, Oil Shale and Coalbed Methane
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The Unconventional Oil and Gas Market Outlook
The future of oil sands, shale gas, oil shale and coalbed methane
Date: Jul, 2010
Price: US$ 2,875.00
Publisher: Business Insights
Oil sands, shale gas, oil shale, and coalbed methane (CBM) are the primary unconventional oil and gas resources in the world today. These resources are called unconventional as they are extracted, processed, and refined in a manner that is different from the conventional. Typically, unconventional resources are difficult-to-extract, expensive to refine, and have more impact on the environment. Sustained high oil and gas prices until mid-2008 led to the development of these resources as governments across the world were concerned about dwindling energy supplies amid rising demand. Technological advancements further aided their development. Volatility in commodity prices adds to the uncertainty in unconventionals development. Rise in environmental concerns over extraction and development of unconventional resources may likely slow down the growth of the industry.
This report analyzes the growth of the unconventional oil and gas resources worldwide, discusses the drivers and resistors of the industry, and includes production forecasts for key regions.
The report documents statistical data on reserves, production including projections until 2030 for primary markets.
Sample from report. (Report Attached | PDF: 11 pages)
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· In 2009, 1.4m barrels of oil per day were estimated to be produced from Canadian oil sands projects, which grew at a CAGR of 8.9% from 1m barrels of oil per day in 2005.
· According to the US EIA, the shale gas proven reserves in the US totaled 32,825 bcf by the end of 2008. Industry estimates put US natural gas reserves to last for 100 years at 2008 production
· Shale gas production in the US grew at a CAGR of 21.2% to reach 1.49 tcf in 2008 from 0.69 tcf in 2004. Its share in total US natural gas production increased from 3.7% in 2004 to 7.3% in 2008. By 2035 shale gas is anticipated to supply 25.8% of the consumption needs of the US.
· According to Royal Dutch Shell, Europe’s unconventional gas reserves may total 1,200 tcf, approximately five times the proven conventional gas reserves.
· According to the China National Petroleum Assessment (2003–07), China has recoverable CBM reserves of 11 tcm.