On February 6 the Swedish Energy Agency organized a symposium at which the World Energy Outlook 2013 report was discussed, primarily regarding a changing energy market. Personally, I was interested in what Bo Diczfalusy, Director of the Swedish Ministry of Enterprise and Energy, would say about WEO 2013. From December 2009 until December 2012 he…
Publication date: 2002-06-01 First published in: Natural Resources Research Authors: M. Feygin Abstract: This paper shows that there is a strict quantitative connection between three factors: reserves-to-production ratio (w), the rate of production growth (a), and degree of reserve replenishment during one year (i). The first of these factors shows how many years the current…
Publication date: 1992-07-01 First published in: Journal of Petroleum Science and Engineering Authors: B.J. Ayeni, R. Pilat Abstract: The oil industry has used decline curve analysis with limited success in estimating crude oil reserves and in predicting future behavior of oil and gas wells. This paper, therefore, explores the possibility of using the Autoregressive Integrated…
Publication date: 1997-04-07 First published in: Oil & Gas Journal Authors: Colin J. Campbell Abstract: In the worst days of the Battle of Britain, military commanders had to balance the need to commit fighter planes to defend the capital against having enough in reserve for later attacks. They had to have accurate information on the…
Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth’s sedimentary cover as a holistic system. A forecast for global oil production was made for the period till the end of the…
Publication date: 2005-04-04 First published in: Oil & Gas Journal Authors: Colin J. Campbell Abstract: Just a few months ago, oil economists were debating if the Organization of Petroleum Exporting Countries had the power to hold oil prices in the mid-$20/bbl range. There was a talk of the increasing demands for oil from China’s new…
Publication date: 2007-12-01 First Published in Energy Policy Authors: R. Bentley et al Abstract: Combining geological knowledge with proved plus probable (‘2P’) oil discovery data indicates that over 60 countries are now past their resource-limited peak of conventional oil production. The data show that the global peak of conventional oil production is close. Many analysts…