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One trillion barrels - the global potential of undeveloped discoveries

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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....

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    One trillion barrels - the global potential of undeveloped discoveries

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Tables and charts

This report includes 4 images and tables including:

Images

  • Global* distribution of technical reserves (good + contingent)
  • Global* distribution by indicative value (NPV10) of good technical fields
  • Regional* indicative valuations of good technical reserves

Tables

  • The world's ten largest technical reserve volumes

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