Technological progress and the availability of European oil and gas resources
Access Status
Authors
Date
2012Type
Metadata
Show full item recordCitation
Source Title
ISSN
School
Remarks
NOTICE: This is the author’s version of a work in which changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication.
Collection
Abstract
This paper estimates supply cost curves for conventional oil and gas in Europe. Oil and gas volumes are distributed across five categories that are based on production costs. The resulting supply figures are intended to be long term representations of how quantities vary with production costs. Both economic and physical measures are used since each provides practical information with respect to the concerns some energy commentators have expressed about oil and gas scarcity in the near future. Supply cost curves incorporating the effect of annual technological advancement (i.e. productivity gains) on production costs to the year 2030 are also estimated. On the quantity side, the curves include volumes from geological provinces not previously assessed. Results indicate that conventional oil and gas in Europe is abundant and can likely be produced at costs below current and projected market oil and gas prices.
Related items
Showing items related by title, author, creator and subject.
-
Hardy, Raymond J (2007)Methods for estimating productivity and costs, and dependent equipment selection process, have needed to be increasingly reliable. Estimated productivity and costs must be as accurate as possible in reflecting actual ...
-
Lawrence, B.; Spicer, R.; Miller, Ted (2015)© 2015, BMJ Publishing Group. All rights reserved. Background: Products under the purview of the Consumer Product Safety Commission are involved in a large share of injuries and injury costs in the USA. Methods This study ...
-
Berwick, Lyndon (2009)The analytical capacity of MSSV pyrolysis has been used to extend the structural characterisation of aquatic natural organic matter (NOM). NOM can contribute to various potable water issues and is present in high ...