16 Jul '13, 11am

World Oil and Gas Production Forecasts Up to 2100

Based on the creaming curve in Figure 1, the ultimate reserves for the world outside the conventional onshore of the US and Canada are about 2000 Gb for crude less extra-heavy (XH) oil, and 1700 Gboe for natural gas. This plot of backdated reserves versus the cumulative number of fields cannot be extended to the onshore US and Canada because there are too many fields with unavailable data and different definitions. However, if one adds the backdated 2P discoveries for the conventional US onshore (thanks to US-DOE data) and for Canada (thanks to CAPP backdated data) to the previous data, the cumulative world discovery versus time converges to an oil ultimate of 2200 Gb and a gas ultimate of 2000 Gboe. This last figure equals 12 Pcf, but this round estimate from 2012 is now estimated in 2013 at 13 Pcf (see Figure 15).

Full article: http://www.theoildrum.com/node/10009

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