Global oil and gas development in 2022: Situation, trends and enlightenment
Through analysis of four aspects, including the distribution and production of global oil and gas fields, the distribution and changes of remaining recoverable reserves, the differences in oil and gas production between regions/countries, and the development potential of oil and gas fields with prod...
| Main Authors: | , , , , , , , , |
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2023-10-01
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| Series: | Petroleum Exploration and Development |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1876380423604562 |
| _version_ | 1797653939932364800 |
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| author | Zuoqian WANG Zhe FAN Xi CHEN Zifei FAN Qing WEI Xi WANG Wenting YUE Baolei LIU Yujia WU |
| author_facet | Zuoqian WANG Zhe FAN Xi CHEN Zifei FAN Qing WEI Xi WANG Wenting YUE Baolei LIU Yujia WU |
| author_sort | Zuoqian WANG |
| collection | DOAJ |
| description | Through analysis of four aspects, including the distribution and production of global oil and gas fields, the distribution and changes of remaining recoverable reserves, the differences in oil and gas production between regions/countries, and the development potential of oil and gas fields with production capacity not built and to be built, this paper presents the situation and trends of global oil and gas development in 2022. It is found that, in 2022, oil and gas fields are widely distributed worldwide, and upstream production activities continue to recover; the oil and gas reserves decrease slightly year on year, and the oil and gas reserves in sea areas increase significantly; the oil and gas production increases continuously, and the key resource countries make a significant contribution in oil and gas production growth; the oil and gas fields with production capacity not built and to be built hold abundant reserves, and their development potential will be gradually released with the economic benefits increase. Further analysis is conducted from the perspectives of global oil and gas resources continuity, geopolitical risks, potential of international cooperation, and upgrade of unconventional oil and gas technology. Finally, in view of core business domains and strategies under the new situation, the Chinese oil companies are recommended to: (1) keep a foothold in onshore conventional oil and gas development by virtue of their comparative advantages and learning from other's experience in cooperation; (2) carry out pilot tests on development adjustment, and deepen the international cooperation in enhanced oil/gas recovery; (3) improve the oil and gas operation capabilities in sea areas to transform from follower as minority shareholder to joint venture and then to independent operations; and (4) seek appropriate ways for shale oil/gas development to reduce the dependence on foreign oil and gas. |
| first_indexed | 2024-03-11T16:52:08Z |
| format | Article |
| id | doaj.art-243b3d11808246ecacaf1ff3a9c6a859 |
| institution | Directory Open Access Journal |
| issn | 1876-3804 |
| language | English |
| last_indexed | 2024-03-11T16:52:08Z |
| publishDate | 2023-10-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Petroleum Exploration and Development |
| spelling | doaj.art-243b3d11808246ecacaf1ff3a9c6a8592023-10-21T04:22:25ZengKeAi Communications Co., Ltd.Petroleum Exploration and Development1876-38042023-10-0150511671186Global oil and gas development in 2022: Situation, trends and enlightenmentZuoqian WANG0Zhe FAN1Xi CHEN2Zifei FAN3Qing WEI4Xi WANG5Wenting YUE6Baolei LIU7Yujia WU8Research Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaChina University of Geosciences (Beijing), Beijing 100083, China; Corresponding authorResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaYangtze University, Wuhan 430100, ChinaResearch Institute of Petroleum Exploration and Development, PetroChina Beijing 100083, ChinaThrough analysis of four aspects, including the distribution and production of global oil and gas fields, the distribution and changes of remaining recoverable reserves, the differences in oil and gas production between regions/countries, and the development potential of oil and gas fields with production capacity not built and to be built, this paper presents the situation and trends of global oil and gas development in 2022. It is found that, in 2022, oil and gas fields are widely distributed worldwide, and upstream production activities continue to recover; the oil and gas reserves decrease slightly year on year, and the oil and gas reserves in sea areas increase significantly; the oil and gas production increases continuously, and the key resource countries make a significant contribution in oil and gas production growth; the oil and gas fields with production capacity not built and to be built hold abundant reserves, and their development potential will be gradually released with the economic benefits increase. Further analysis is conducted from the perspectives of global oil and gas resources continuity, geopolitical risks, potential of international cooperation, and upgrade of unconventional oil and gas technology. Finally, in view of core business domains and strategies under the new situation, the Chinese oil companies are recommended to: (1) keep a foothold in onshore conventional oil and gas development by virtue of their comparative advantages and learning from other's experience in cooperation; (2) carry out pilot tests on development adjustment, and deepen the international cooperation in enhanced oil/gas recovery; (3) improve the oil and gas operation capabilities in sea areas to transform from follower as minority shareholder to joint venture and then to independent operations; and (4) seek appropriate ways for shale oil/gas development to reduce the dependence on foreign oil and gas.http://www.sciencedirect.com/science/article/pii/S1876380423604562global oil and gasdevelopment situationdevelopment potentialChinese oil companycore businessdevelopment strategy |
| spellingShingle | Zuoqian WANG Zhe FAN Xi CHEN Zifei FAN Qing WEI Xi WANG Wenting YUE Baolei LIU Yujia WU Global oil and gas development in 2022: Situation, trends and enlightenment Petroleum Exploration and Development global oil and gas development situation development potential Chinese oil company core business development strategy |
| title | Global oil and gas development in 2022: Situation, trends and enlightenment |
| title_full | Global oil and gas development in 2022: Situation, trends and enlightenment |
| title_fullStr | Global oil and gas development in 2022: Situation, trends and enlightenment |
| title_full_unstemmed | Global oil and gas development in 2022: Situation, trends and enlightenment |
| title_short | Global oil and gas development in 2022: Situation, trends and enlightenment |
| title_sort | global oil and gas development in 2022 situation trends and enlightenment |
| topic | global oil and gas development situation development potential Chinese oil company core business development strategy |
| url | http://www.sciencedirect.com/science/article/pii/S1876380423604562 |
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