Using a geology-based assessment methodology, we estimated means of 565 billion barrels of conventional oil and 5,606 trillion cubic feet of undiscovered conventional natural gas in 171 priority geologic provinces of the world, exclusive of the U.S.
We need refined regional understanding of climate change, effective oil-spill risk assessment, preparedness, and response, an analysis of cumulative effects (natural and human), better geospatial data for the area, in an integrated approach.
Using the Fischer assay measure of oil yield, we estimated a total of 1.44 trillion barrels of oil in three assessed units. There is currently no economic method to recover oil from this geologic unit.
We estimated potential, technically recoverable oil and gas resources for source rocks of the Alaska North Slope. Estimates range from zero to 2 billion barrels of oil and from zero to nearly 80 trillion cubic feet of natural gas.
We estimated mean volumes of 13.4 trillion cubic feet of potential technically recoverable shale gas and 0.5 billion barrels of technically recoverable shale oil resources in this area using a performance-based geologic assessment methodology.