Insight
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7 Pages

One trillion barrels - the global potential of undeveloped discoveries


One trillion barrels - the global potential of undeveloped discoveries

Report summary

Across the world there are over one trillion barrels of oil equivalent (boe) reserves in oil and gas fields for which there are no development plans.  We classify these as technical reserves.  There are also around 300 billion boe of undeveloped commercial reserves which should be brought onstream in the next ten years or so. Over half of the technical reserves are potentially economic under our current economic assumptions (‘ good technicals'), and have an indicative cumulative value of c.a....

What's included?

This report includes 1 file(s)

  • One trillion barrels - the global potential of undeveloped discoveries PDF - 545.40 KB 7 Pages, 1 Tables, 3 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive Summary
  • Global undeveloped resources
    • A vast resource base
    • And vast potential value from ‘good technical' fields
  • The obstacles to commerciality
    • Lack of access to markets and attractive gas prices
    • Infrastructure constraints
    • Unattractive or inaccessible fiscal and regulatory regimes
    • Complexity of development
    • Capturing the prize
  • Appendix
  • Wood Mackenzie technical reserves definitions and valuation methodology
  • Indicative valuations
  • Categorisation of undeveloped discoveries
  • Price assumptions

In this report there are 4 tables or charts, including:

  • Executive Summary
  • Global undeveloped resources
    • Global* distribution of technical reserves (good + contingent)
    • Global* distribution by indicative value (NPV10) of good technical fields
    • Regional* indicative valuations of good technical reserves
  • The obstacles to commerciality
    • The world's ten largest technical reserve volumes
  • Appendix
  • Wood Mackenzie technical reserves definitions and valuation methodology
  • Indicative valuations
  • Categorisation of undeveloped discoveries
  • Price assumptions
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