We estimate mean volumes of 896 million barrels of oil and about 53 trillion cubic feet of nonassociated natural gas in conventional, undiscovered accumulations within this area, a reduction of our 2002 estimate due to new geologic information.
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.
We estimated undiscovered, technically recoverable resources are 534 billion cubic feet of natural gas and 323 thousand barrels of natural gas liquids in this area using a geology-based assessment methodology.
We estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated dissolved natural gas, and 148 million barrels of natural gas liquids in this area using a geology-based assessment methodology.