Insight
One trillion barrels - the global potential of undeveloped discoveries
This report is currently unavailable
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....
Table of contents
- 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
Tables and charts
This report includes 4 images and tables including:
- 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 world's ten largest technical reserve volumes
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global bulk steel alloys strategic planning outlook - Q1 2024
The latest bulk steel alloys strategic planning outlook forecasts global supply, demand and prices for chromium, manganese and silicon.
$10,000
Asset Report
Wingellina - Cobalt project
A detailed analysis of the Wingellina nickel project.
$2,250
Asset Report
Azadegan South
Azadegan is the largest oil field discovered in Iran in the last 30 years and one of the biggest globally, with estimated oil in place ...
$3,100
