The building rocks of Africa's new O&G; industry
During the last decade, new ideas, rising prices, political risk bets, technological developments, and rising capital expenditure supported a significant expansion of global exploration efforts and of the resource base. In the period 2000 to 2012 year to date, over 800 billion (bn) boe of new resour...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2012
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| Summary: | During the last decade, new ideas, rising prices, political risk bets, technological developments, and rising capital expenditure supported a significant expansion of global exploration efforts and of the resource base. In the period 2000 to 2012 year to date, over 800 billion (bn) boe of new resources (conventional and unconventional), have been discovered globally. Of this, conventional resources account for approximately 380 bn boe (2P) while the rest is attributable to unconventional resources, both of which are just starting to change the long-term outlook of the global O&G; industry. |
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