Scenario analysis to evaluate the economic benefits of tight oil resource development in China
Evaluating the economic benefits of tight oil resources is necessary for China to increase its tight oil production and reserves. This study systematically analyzes the uncertainties in tight oil development in China, the factors affecting the tight oil economy, and the coevolution of the economic d...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-01-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X24000257 |
| _version_ | 1797320941771948032 |
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| author | Bo Yan Hongyuan Liu Xinyan Peng |
| author_facet | Bo Yan Hongyuan Liu Xinyan Peng |
| author_sort | Bo Yan |
| collection | DOAJ |
| description | Evaluating the economic benefits of tight oil resources is necessary for China to increase its tight oil production and reserves. This study systematically analyzes the uncertainties in tight oil development in China, the factors affecting the tight oil economy, and the coevolution of the economic development of tight oil resources from the technology and market perspectives. The results indicate that a positive market environment and technological progress are important for realizing the economic development of tight oil. Four potential scenarios for the development of tight oil resources in China are also identified (i.e., the current scenario, limited scenario, efficient development scenario, and inefficient development scenario), each associated with different internal rates of return (8 %, 14 %, 20 %, and 6 %, respectively). |
| first_indexed | 2024-03-08T04:50:20Z |
| format | Article |
| id | doaj.art-11cd790a58e04e158aec5a87c9d15560 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-03-08T04:50:20Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-11cd790a58e04e158aec5a87c9d155602024-02-08T05:08:52ZengElsevierEnergy Strategy Reviews2211-467X2024-01-0151101318Scenario analysis to evaluate the economic benefits of tight oil resource development in ChinaBo Yan0Hongyuan Liu1Xinyan Peng2School of Economics and Management, Southwest Petroleum University, Cheng Du, Si Chuan Province, 610500, PR ChinaCorresponding author.; School of Economics and Management, Southwest Petroleum University, Cheng Du, Si Chuan Province, 610500, PR ChinaSchool of Economics and Management, Southwest Petroleum University, Cheng Du, Si Chuan Province, 610500, PR ChinaEvaluating the economic benefits of tight oil resources is necessary for China to increase its tight oil production and reserves. This study systematically analyzes the uncertainties in tight oil development in China, the factors affecting the tight oil economy, and the coevolution of the economic development of tight oil resources from the technology and market perspectives. The results indicate that a positive market environment and technological progress are important for realizing the economic development of tight oil. Four potential scenarios for the development of tight oil resources in China are also identified (i.e., the current scenario, limited scenario, efficient development scenario, and inefficient development scenario), each associated with different internal rates of return (8 %, 14 %, 20 %, and 6 %, respectively).http://www.sciencedirect.com/science/article/pii/S2211467X24000257Tight oilEconomyScenario analysisChina |
| spellingShingle | Bo Yan Hongyuan Liu Xinyan Peng Scenario analysis to evaluate the economic benefits of tight oil resource development in China Energy Strategy Reviews Tight oil Economy Scenario analysis China |
| title | Scenario analysis to evaluate the economic benefits of tight oil resource development in China |
| title_full | Scenario analysis to evaluate the economic benefits of tight oil resource development in China |
| title_fullStr | Scenario analysis to evaluate the economic benefits of tight oil resource development in China |
| title_full_unstemmed | Scenario analysis to evaluate the economic benefits of tight oil resource development in China |
| title_short | Scenario analysis to evaluate the economic benefits of tight oil resource development in China |
| title_sort | scenario analysis to evaluate the economic benefits of tight oil resource development in china |
| topic | Tight oil Economy Scenario analysis China |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X24000257 |
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