Production Costs of Global Conventional and Unconventional Petroleum
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Concerns about the costs of developing oil and gas from conventional and unconventional formations have led many commentators to assume that increasing prices are in the offing and may be a limiting factor for economic growth. Historically, production costs have fluctuated as influenced by the cost-increasing effects of depletion versus the cost-reducing effects of technological progress. This paper aims to review several methods for assessing current and long-term costs. Despite the uncertainty of such estimation, evidence shows that production costs in the foreseeable future might not increase dramatically and actually could decrease as petroleum development methods improve and additional supplies come online. Recent examples include the commercially viable production of unconventional oil and gas resources that has kept energy prices contained.
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Ontology based multidimensional data warehousing and mining of heterogeneous unconventional-reservoir ecosystemsNimmagadda, Shastri; Dreher, Heinz; Cardona Mora, P.; Lobo, A. (2013)A full understanding of many unconventional hydrocarbon resources is not possible because either there are no datasets or only incomplete or unevaluated. Some resources do not even have datasets from wells that have been ...
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