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    Technological progress and the availability of European oil and gas resources

    185958_185958.pdf (447.0Kb)
    Access Status
    Open access
    Authors
    Aguilera, Roberto F.
    Ripple, Ronald
    Date
    2012
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Aguilera, Roberto F. and Ripple, Ronald D. 2012. Technological progress and the availability of European oil and gas resources. Applied Energy. 96: pp. 387-392.
    Source Title
    Applied Energy
    DOI
    10.1016/j.apenergy.2012.02.069
    ISSN
    03062619
    School
    CBS - Faculty Office
    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.

    URI
    http://hdl.handle.net/20.500.11937/9925
    Collection
    • Curtin Research Publications
    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.

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